Are you searching for a 0% APR credit card that won't hit you with high-interest charges after just a few months? If so, you'll be happy to know there are plenty of options out there.
Finding one with an extended introductory period and favorable terms once the 0% intro offer expires is challenging.
In this post, we'll highlight some of our top picks for 0% APR cards with long introductory periods so you can avoid interest rates and get your finances in order without breaking the bank. Let's dive in.
Introducing 0% APR Credit Cards
Regarding credit cards, 0% APR offers are a great way to save money and avoid paying interest. With a 0% APR credit card, you can enjoy the convenience of using your plastic without accruing any interest for an introductory period. If you make purchases during the intro period and pay it off in time, you won't have to pay any interest. This makes 0% APR credit cards appealing to those looking to save money on large purchases or consolidate existing debt.
When comparing 0% APR credit cards, one of the main factors is how long the introductory period is. Many 0% APR credit cards offer introductory periods ranging from 6 – 24 months, depending on the card issuer and type of card. Longer intro periods provide more time to make your payments but also have stricter eligibility requirements and higher credit score thresholds.
Top 5 0% APR Credit Cards with Long Intro Periods
Knowing where to start can be difficult if you are looking for a credit card offering an extended 0% introductory APR period. With many options available, finding the best one that meets your needs can take time and effort. We've rounded up the top 5 0% APR Credit Cards with long intro periods to make things easier.
1. Chase Freedom Unlimited: Offers a 0% Introductory APR on Purchases and Balance Transfers for 15 months. After that, your APR will be 14.99%-23.74%.
2. Citi Simplicity Card: This card offers an introductory 0% APR on Balance Transfers and Purchases for 18 months. After that, your APR will be 15.49%-25.49%.
3. BankAmericard Credit Card: Offers a 0% Introductory APR on Purchases and Balance Transfers for 15 billing cycles. After that, your APR will be 14.99%-24.99%.
4. U.S. Bank Visa Platinum: Offers a 0% Introductory APR on Balance Transfers and Purchases for 20 billing cycles. After that, your APR will be 11.99%-23.99%.
5. Discover it Cash Back: This card offers an introductory 0% APR on Balance Transfers for 14 months (for transfers made within the first 60 days). After that, your APR will be 13.49%-24.49%.
These 0% introductory offers are a great way to save money while you pay down debt or make large purchases. However, it is important to remember that the regular interest rate will apply when the intro period expires. Read the fine print and plan to pay off any balances before the intro period expires.
Exploring the Benefits of Each Card
When researching the best 0% APR credit cards for long introductory periods, it's important to look at their benefits. Many cards provide no annual fee, cash-back rewards, or other perks. Consider all the features before selecting the best card that fits your needs and preferences.
Consider the remarkable 18 months of 0% APR on purchases and balance transfers offered by the Citi Double Cash Card. Furthermore, you can use this card to receive 2% cash back returns on all purchases: 1% when you make the purchase and 1% for each dollar you repay. Even if the interest rate is 0% in the beginning, you can still receive prizes. There is also no annual charge.
The Chase Slate Card also provides a long 0% APR intro period of 15 months on purchases and balance transfers, plus you can transfer balances from other credit cards without paying any fees. This card does not have an annual fee either.
The Capital One Quicksilver Cash Rewards Card may be the best 0% APR card for long intro periods if you want to earn rewards. This card offers 15 months of 0% APR on purchases and balance transfers. Plus, it has unlimited 1.5% cash-back rewards on all purchases. There's no annual fee for this card either.
Finally, the Discover it Cashback Match Card offers a 14-month 0% APR introductory period on purchases and balance transfers. Plus, you'll get 5% cash back rewards in rotating categories each quarter (on up to $1,500 spending).
There's also an unlimited 1% cash back on all other purchases. Plus, your cashback will be matched at the end of your first year. There's no annual fee for this card either.
Comparing benefits and features can help you find the best 0% APR credit cards with long intro periods that fit your needs and preferences.
Analyzing Fees and Interest Rates of Each Card
When shopping around for the best 0% APR credit cards, it's important to consider fees and interest rates. Many cards offer a competitive APR but come with high annual fees or other hidden costs that can quickly add up.
Some cards may have great introductory offers but charge sky-high interest rates after the promotional period ends. For this reason, it's important to read the fine print carefully and compare all the fees associated with each card before you apply.
IIt'salso important to consider how long your 0% APR promotion will last. Some cards offer introductory periods of up to 18 months or more, while others offer shorter intro periods. If you plan on carrying a balance, a card with a long introductory period may be preferable.
FAQs
Is there a 0% introductory APR?
Many 0% APR credit cards offer introductory periods of 0% interest. Depending on the card and its features, these offers can last anywhere from 6 to 21 months.
What is 0% intro APR for 15 months?
0% intro APR for 15 months means you won't be charged any interest on purchases or balance transfers within the first 15 months of opening your card. This introductory period usually applies to both new and existing cardholders.
Are 0% APR credit cards worth it?
Yes, 0% APR credit cards are worth it if you plan to pay off your balance within the intro period. This card can help you save money since you won't have to worry about interest fees for a certain period. Before signing up, read and understand all the terms and conditions of your 0% APR credit card.
Conclusion
0% APR credit cards are a great option to help you manage your finances efficiently and cost-effectively. These cards eliminate interest payments for the life of the introductory period as well as provide extra perks like no-fee balance transfers, bonus rewards, and more. With this guide, you have all the information necessary to make an informed decision when selecting from the top 5 0% APR credit cards with long intro periods.
