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Best Credit Cards - No-Interest (0% APR credit card offers)

If you're looking for the best 0% interest credit cards, you've come to the right place.  MoneyRates.com has assembled some of the top interest-free credit card offers available.  These cards offer 0% on either purchases, balance transfers, or both for a specified period of time.

You might be amazed at how big a difference the right credit card offer makes. If you need to make big purchases -- or if you simply want some flexibility in your repayment schedule -- a no-interest credit card might be just the ticket. With a no-interest credit card offer, you get all the benefits of credit card purchasing minus the worry about mounting credit card interest payments during the promotional period. Select from the following no-interest card offers to apply today.

Card Rating ★ ★ ★ ★ ★
  • 0% intro APR on purchases & balance transfers for 14 months--then a variable purchase APR applies, currently 10.99% - 22.99%. A 3% fee applies to each transferred balance.
  • Rated 4.8 out of 5 stars by over 5,000 cardmembers.*
  • No annual fee, no late fee for your first late payment - APR won't go up for paying late, no overlimit fee and no foreign transaction fee.*
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Card Rating ★ ★ ★ ★ ★
  • 2% cash back on up to $1,000 in combined purchases at restaurants and gas stations every quarter--no sign-ups needed*. 1% cash back on all your other purchases.
  • 0% intro APR on purchases and balance transfers for 14 months--then a variable purchase APR applies, currently 10.99% - 22.99%. A 3% fee applies to each transferred balance.
  • No annual fee, no overlimit fee, no late fee on your first late payment and no foreign transaction fee*.
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Card Rating ★ ★ ★ ★ ★
  • 0% intro APR on balance transfers for 18 months--then a variable purchase APR applies, currently 10.99% - 22.99%. A 3% fee applies to each transferred balance.
  • 0% intro APR on purchases for 6 months. Then the variable purchase APR applies, currently 10.99% - 22.99%
  • Rated 4.8 out of 5 Stars by over 5,000 cardmembers.*
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Card Rating ★ ★ ★ ★
  • Earn 20,000 bonus miles when you spend $1,000 on purchases in the first 90 days - that's enough to redeem for a $200 travel statement credit
  • 0% intro APR on balance transfers and purchases for the first 12 months after account opening. After that, variable APR, currently 14.99% or 18.99%, based upon your creditworthiness.
  • Earn 2X miles on travel and dining and 1X miles on all other purchases
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Card Rating ★ ★ ★ ★ ★
  • 0% Intro APR* on balance transfers for 18 months. Then the variable purchase APR applies, currently 10.99% - 22.99%. A fee of 3% applies for each balance transferred.
  • 0% Intro APR* on purchases for 6 months. Then the variable purchase APR applies, currently 10.99% - 22.99%.
  • 2% cash back on up to $1,000 in combined purchases at restaurants and gas stations every quarter--no sign-ups needed*. 1% cash back on all your other purchases.
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Card Rating ★ ★ ★ ★
  • Introductory APR on Purchases of 0.00% or 7.50% for 12 months from date opened. (If there is an interest charge, the charge will be no less than $0.50). This rate will not change during the introductory period. After that, your APR will be the same as your assigned purchase rate, based on your creditworthiness. This APR will vary with the market based on the Prime Rate.
  • Low Introductory APR on Balance Transfers of 1.99% or 7.50% for the first 12 billing cycles, this rate will not change during the introductory period. Applies to balance transfers processed within three months of your account open date. After that, your APR will be the same as your assigned purchase rate, based on your creditworthiness. This APR will vary with the market based on the Prime Rate.
  • Low Ongoing Variable Rate APR, after introductory period, APR of 7.50%, 9.50%, or 11.50% (Prime + 4.25%, Prime + 6.25%, or Prime + 8.25%) based on your creditworthiness. This APR will vary with the market based on the Prime Rate. (If there is an interest charge, the charge will be no less than $0.50).
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These quotes are from credit card issuers which have paid for a link to their website. Offers are subject to change without notice and may not be the same for all consumers.

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0% APR credit cards

By Doresa Banning | Money Rates Columnist

How does the idea of borrowing money for free sound? Well, you can--at least for a while--with 0% APR credit cards.

As enticing as they sound, you should understand the nature of these cards before you apply for one. When used wisely, they can be great tools for making a big purchase or paying down your credit card debt. But you should always read the fine print closely, because the 0% part of the offer doesn't last forever.

A look at APR

APR, which stands for annual percentage rate, is the yearly percentage of interest you'll be charged on any revolving credit card balance. So with a 0% APR, you pay no interest on credit extended to you--until the introductory period ends and the standard APR kicks in.

Credit cards may have one APR or several APRs for different types of transaction: purchases, cash advances and balance transfers. The APR for balance transfers and cash advances is frequently higher than the APR for purchases.

As with all credit cards, there are key limitations to 0% APR cards. The most important limitation to note is that the 0% interest rate is only an introductory rate and therefore lasts only for a specific time, such as six, 12, 15 or 18 months (the minimum is six months.)

At the end of that period, the APR will increase to a level often determined by your creditworthiness--your credit score, debt, income and other factors will determine most of this. The lower your credit score, the higher your APR likely will be.

Another important limitation is that 0% rate may only apply to certain transactions such as purchases, balance transfers or possibly both. So you need to know which transactions the special rate applies to before you begin spending.

The APR after the introductory period may be a fixed rate or a variable rate. A fixed rate remains the same during the period of time outlined in your credit card agreement. A variable rate, however, can change without notice. An unexpected increase means you'll pay more interest on your balance. Sometimes a fixed-rate APR becomes a variable-rate after the introductory period ends.

Benefits of zero percent cards

You can capitalize on a 0% APR offer in three ways. You can:

  • Make a large purchase: If you know you'll be making a large purchase and need more than one month to pay it off, with a 0% APR, you'll save the interest you would've paid on a card with a higher interest rate (provided you pay it off before the introductory period ends).
  • Transfer a balance: If you have a credit card with a high interest rate and a balance, you could save money by transferring that balance to a 0% APR credit card. Many cards charge fees to transfer a balance, though--often 3 percent of the amount transferred. So include those fees in your calculations when determining whether this move is financially sound.
  • Consolidate your debt: If you have several credit cards with balances, you could consolidate those debts onto one card, provided the amounts don't exceed the credit limit on your new card. During the 0% APR offer period, you wouldn't have to pay interest on this consolidated debt. After that, you'd only pay interest on the one card rather than on multiple cards. Again, balance transfer fees could apply.

The key to success with all of these strategies is to pay the entire balance before the 0% APR offer ends. By doing this, you can save considerably in the interest charges you'd pay on a card with a conventional interest rate.

 

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