Every year, credit card companies entice new customers by offering low introductory rates. Some credit card companies extend introductory rates as low as zero percent, and these offers can save a potential customer a lot of money.
Other benefits, such as airline miles, cash back, and rewards, add further value to the zero percent rates. Of course, due diligence is essential, and the terms and conditions merit close examination when comparing different products.
Learn how you can leverage your money and save the interest that you would normally pay out each month. Go from 15 to 20% interest to zero percent interest on your current credit cards. People today are looking for ways to take advantage of saving money any way they can.
This page will show you several fantastic credit card offers available with zero percent interest. You can see how to save your money over a 15 to 18-month period.
What Are Zero Percent APR Cards?
If you are looking to save money on your credit card debt, then APR, balance transfer, and zero percent APR cards are worth considering. They offer a variety of benefits for consumers who have high balances on their credit card accounts.
These cards can help you get out of debt faster by giving you more time to pay off the account balance before interest is charged. This blog post has factual details. You will learn about the meaning of 05 APR, the difference between a balance transfer and a zero percent APR card.
What Does 0% APR Mean?
Zero percent Annual Percent Rate (APR) means an interest rate on a loan that will be applied to future purchases or balances on your account for a specified time, which may last up to 18 months.
The idea behind this type of loan is that it can offer you more purchasing power when buying items with a credit card, and it also builds good credit if you make payments on time each month.
Besides, the major difference between 0% APR and other types of loans with similar rates is the length of the promotional period. This type makes it easier to pay off the debt in a shorter amount of time without incurring additional fees from high-interest rates later on down the road.
Benefits Associated with Zero Percent APR:
- Low rates on balance transfers
- Low-interest rates for purchases and cash advances
- No annual fee
- You can get zero percent APR credit card even with bad or no credit
- Earning Points With Zero Percent Cards
You can earn reward points for every purchase you make, including gas and groceries. A balance transfer allows you to transfer your existing credit card balances to a new card with a lower interest rate. Moving debt to different accounts, most often a balance transfer credit card, saves money.
For a balance transfer to be more effective, these transactions must leave your original creditor before the promotional period ends or when there’s no longer any incentive to pay off that debt in full.
Differences Between Balance Transfer Cards & 0% APR
They make some cards specifically for balance transfers. Note that other card issuers may require administrator approval before allowing won’t let their customers transfer a balance. Zero Percent APR Card. A 0% APR card offers zero percent interest for new purchases and balance transfers, which can be helpful if you need to make a large purchase or merge your debt.
Pay your balance transfer or debt during the promotional APR period to benefit the most with a 0% APR card. Depending on how high in debt you get, you may also improve your long-term finances by decreasing your spending habits.
Why Transfer Your Balance?
Transferring the balance of one credit card to another may save you money. If you carry a balance each month and only make minimum payments, then you are no doubt paying much in interest. When you transfer your balance to a 0% interest card, you will have 15 months or more to work on lowering your credit card balance before accruing interest.
Think about how great it would be to actually pay off your balance during the period of no interest!
Discover IT -Credit Card With Zero Percent Interest
What a deal. An 18-month interest-free offer if you transfer your balance to Discover It. In addition, you will receive beautiful perks in the form of cash rewards. You will receive 1% on certain items purchased to 5% on other items like gas or dining at a restaurant.
The Discover It Credit card will double your first year purchases with cash via the rewards program. This can earn you extra substantial cash. Other leading credit card companies are offering only a 15 month interest free deal, but here you get an additional 3 months of 0% interest in your favor.
Bank Americard -Visa Credit Card
The Bank Americard is also offering a great offer. This card is rated very high because of its 0% APR introductory plan for 18 months, adding the savings towards your principal.
If you have debt on another credit card account that you would like to have paid off with o% interest for an 18-month period, this can be a good choice for you.
Chase Slate- Credit Card
When you transfer to Chase Slate, there is no fee for the transferring of your balance for the first two months. In addition, there is no annual fee, also no interest on your balances. When you transfer your balance for a full 15-month period, you will have a 0% APR rate. This is designed to help people pay down their principle debt during a 15-month period.
Capital One’s Quicksilver- Credit Card
Capital One Quicksilver card is a great way to go because along with no annual fees, you can earn 1.5% cash back on all of your recent purchases. Learn how to earn a$100 bonus. Visit their website for more information on your bonus.
Whether you’re buying gas for your car or going to your favorite restaurant, there are no restrictions on where and how much you want to spend. Learn how Capital One Quicksilver card offers 0% intro APR. Check their website for expiration dates on these deals. They may choose to extend their offer due to competition in the marketplace.
Savor One Has A Zero Percent Introductory Offer
Savor One is another Capital One card worth considering. With this card you will receive 0% interest for 15 months. The interest rate will then kick in at 16.24% to 24.24%. In addition, if you spend $500 in the first three months, you receive a $150 cash bonus.
Cash back offers on purchases are enticing as well. Dining and entertainment will reap you 3% cash back while groceries will give you 2%. Everything else is 1% cash back.
Zero Percent APR American Express
American Express is one of the big names in the world of credit cards. Specifically, their Cash Magnet Card is one to consider for a great 0% introductory rate. It offers this plan for 15 months as well as 1.5% back on all purchases.
Even better, is if you spend $1000 in the first three months of owning this card you will receive a $150 bonus. This is a great feature if you are planning on a big purchase in the near future. Cash back comes by way of dollars, credits or merchandise-you get to choose.
Citi-Double Cash
The Citi Double Cash card offers 0% introductory rate for 18 months, which is a good deal. However, this card does not have as many perks as some of the others. Balance transfers do not qualify for the cash back offer.
New purchases, however, will earn you 2% cash back-broken down like this-1% at time of purchase and 1% when payment is made. One thing to note is that the Citi-Double Cash Card is a cash back credit card. This means that you can spend money and earn points or receive it as a statement on your next billing cycle.
The Citi-Double Cash Card is one of the easiest credit cards to get approved for because it doesn’t have any specific requirements like having a high credit score or being employed. All you need is to be at least 18 years old and have a valid social security number.
Citi-Double Cash Tiers
There are different tiers of cash back that you can receive, but it starts at 0.50 percent and goes up to two percent. This card also comes with a few other benefits, like being able to access your FICO score for free, and getting travel insurance.
Overall, the Citi-Double Cash Card is a great option if you’re looking for a simple and easy-to-use credit card. If you’re looking for a card that offers great cash back rewards, the Citi-Double Cash Card is a great option.
You’ll earn 0.50 percent on your purchases and then another 0.50 percent when you pay off those purchases, making it one of the best cash back options around.
Citi-Diamond Credit Card
Apply for this card only if you have excellent credit. It’s a great choice for balance transfers. If you transfer your balance from another credit card, you will pay no interest on that transfer for 21 months. This should give you plenty of time to pay off that debt without interest accruing.
No annual fee is charged for this card. Depending on how good your credit is, you could receive an interest rate as low as 13.74% on new purchases.
Bank of # America
Bank of America is another big name in credit cards. They are currently offering a 15 month 0% introductory rate. In addition, upon receiving your card, you will be eligible for a $200 bonus after spending $1000. Again, if you are planning on making a big purchase soon, that $200 can be helpful.
The Credit Cards Zero Percent Introduction
Introduction offers at 0% can be very beneficial as you try to balance your credit card debt, even lowering it. The banks have so much competition now so they have to create ways to keep their customers happy.
I suggest that you look at their offers, examine the variety of credit card offers available. The interest free plans from a 15-18 months’ period can be a boost to your account.
Ask to Waiver the Fees
The credit card companies do have fees for the transfer of money over to your new account. What you want to do is ask if they will waiver the fees.When you go to the bank manager, they can offer deals as well.
Some of the fees charged are for a limited time only and then they dissipate. The person who does his or her due diligence beforehand can get the sweet deal that they are looking for.
