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0 Interest Credit Card
Are 0 Interest Credit Cards Always a Good Deal?
You want a 0 interest credit card. Perhaps you are paying lots of interest on a large credit card balance. Transferring your balance to a 0 interest credit card could save you a bundle of money.
Seems like a good deal. With 0 interest, it's like the credit card company is loaning you money for free.
But, you probably know that credit card companies cannot simply loan money for free, even if they offer a 0 interest credit card. There are usually strings attached.
To really know what the credit card company is offering, you have to read the fine print. The details of the 0 interest credit card offer are always hidden in the fine print.
Examine the 0 interest credit card offer for any of the following:
- There may be a transfer fee of a certain percentage of the amount transferred. This is a way of collecting "interest" up front.
- The actual interest rate may depend on your credit rating. 0 interest may apply only if you have a very good credit history. Many people with large credit card balances do not have a great credit history.
- The 0 interest introductory rate may apply only to balance transfers, not to new purchases.
- The 0 interest rate applies only for a limited time, often 6 to 12 months. Then the rate increases.
- Your credit card payments may be applied first to your 0 interest balance transfer. This lets new purchases accumulate interest at a high rate until the 0 interest balance transfer if paid off.
The 0 interest credit card is an excellent option, especially if you can transfer your old balances to the new card and not make any purchases using the new card until your balance is paid off.
Consider the following excellent balance transfer cards:
CitiBank - Citi® Platinum Select® Card
With the Citi® Platinum Select® card comes the added protection of Citi® Identity Theft Solutions, $0 liability on unauthorized purchases, and secure, free online account management.
- 0% Intro APR* for 12 months
- Balance transfer fee applies with this offer
- No annual fee
Discover® Platinum Card
No other card rewards you like the Discover® Platinum Card. Enjoy a 0% Introductory APR* and pay no annual fee. Plus, with America’s #1 Credit Card Rewards program you’ll earn 5% Cashback Bonus® on Get More Program purchases throughout the year and Up to 1% Cashback Bonus® on all your other purchases. APPLY NOW! It's fast, easy and secure.
- 0% Intro APR*
- No Annual Fee
- 5% Cashback Bonus® on Get More Program purchases throughout the year
- Up to 1% Cashback Bonus® on all your other purchases
- Unlimited cash rewards that never expire as long as you use your Card
- 100% Fraud Protection
- Online Account Access and Bill Payment
- Good Credit Required
Chase Platinum Card
Just like a passport, your new Chase Platinum is a must-have for travel. That's because it carries these worldly features such as Chase Travel RewardsSM, Hertz® Car Rental Discounts and Travel Accident Insurance. To top it off, your card comes with money-saving platinum features like no annual fee and a 0% Introductory APR.* Apply now to get your Chase Platinum - perfect for travel and accepted at millions of locations worldwide.
- 0% Intro APR*
- No Annual Fee
- $500,000 Worldwide Travel Accident Insurance
- Hertz® Car Rental Discounts
- Up to $100,000 Credit Limit
- Online Account Access and Bill Payment
Citi - AT&T Universal Platinum Card
Now there's a card that offers more of the privileges you deserve—the new AT&T Universal Platinum Card. It gives you a 0% APR on balance transfers for 12 months*, so you have more ways to manage your finances and save. Plus, it comes with special benefits that make life a little easier.
- 0% APR on balance transfers for 12 months*
- No annual fee
- 2 free directory assistance inquiries per month
- Up to 30 free phone minutes per month, anytime, anywhere
- Wireless phone loss and theft insurance reimbursement for replacement coverage
- Citi® Identity Theft Solutions
- Fraud Early Warning
- $0 Liability Protection on unauthorized purchases
AMEX - Blue from American Express®
- Fee-Free Rewards Program
- 0% APR for up to 15 months
- No Annual Fee
- Low Balance Transfer APR - 4.99% Fixed APR for the life of the balance.
- Blue is your launch pad to standout shopping and entertainment rewards and one-of-a-kind experiences.
AMEX - Blue Sky
Blue Sky from American Express is a credit card designed to unlock the world of travel rewards. This one of a kind credit card offers members the opportunity to realize savings on any flight, hotel or rental car at any time, without backout dates or seat restrictions! Of course, Blue Sky gives cardmembers flexibility and independence, too. Purchases can be paid in full or over time. There is no annual fee, a 0% APR for the first six months, and all charges are covered by the American Express' Fraud Protection Guarantee. With Blue Sky, cardmembers can say good-bye to travel reward restrictions. The sky's the limit.
- Redeem points to save on any airline, hotel, rental car or cruise - no blackout dates or travel restrictions
- Earn 1 point for every dollar you spend
- No annual fee and 0% intro APR
- World class cardmember benefits including Travel Accident Insurance, Buyers Assurance Plan, and Return Protection
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