zero interest rate credit card Meaning, Benefits
Zero financing cost Visa offers, frequently alluded to as 0% APR (Yearly Rate) offers, are special arrangements given with charge card guarantors. These offers regularly permit cardholders to make buys or move existing equilibriums without causing any interest charges for a predefined starting period. Here is a breakdown of what this implies:
Starting Period: The zero loan fee applies just temporarily, frequently going from 12 to 21 months. During this period, any buys made or balances moved to the card won’t build interest.
Buys: In the event that you utilize the card to purchase things, you won’t be charged interest on these buys during the basic time frame. This can be useful for making enormous buys that you mean to take care of over the long haul without extra expenses.
These offers can likewise incorporate a 0% loan cost on balances moved from other Visas. This is advantageous for uniting obligation from higher-interest cards, permitting you to take care of the equilibrium quicker without interest stacking up.
After the initial period closes, the loan cost returns to the standard APR, which can fluctuate generally founded on the card and the cardholder’s reliability. This continuous APR can be very high, so it’s essential to take care of the equilibrium before the basic period terminates to stay away from interest charges.
Charges: While the APR may be zero, there can in any case be different expenses included, for example, balance move charges, which are ordinarily a level of the sum moved (e.g., 3-5%).
Top zero-interest rate credit card offers available as of May 2024
Here is a list of top zero-interest credit card offers
Wells Fargo Reflect® Card
New Offer: 0% APR on purchases and qualifying balance transfers for 21 months.
APR: 18.24% to 29.99% variable after the intro period.
Annual Fee: $0.
more Benefits: Up to $600 of cell phone protection against damage or theft, personalized deals through My Wells Fargo Deals (zero interest rate credit card offers)
2. Citi Simplicity® Card
Offer: 0% APR on purchases for 12 months and 0% APR on balance transfers for 21 months (balance transfers must be made within 4 months of account opening).
APR: 19.24% to 29.99% variable after the intro period.
Annual Fee: $0.
Additional Features: No late fees, no penalty rates, and customizable payment due dates (zero interest rate credit card offers)
Citi® Double Cash Card
Offer: 0% APR on balance transfers for 18 months (balance transfers must be made within 120 days of account opening).
APR: 19.24% to 29.99% variable.
Annual Fee: $0.
Rewards: 1% cash back on purchases and an additional 1% when you pay for those purchases (zero interest rate credit card offers)
capital One Quicksilver Cash Rewards Credit Card
Offer: 0% APR on purchases and balance transfers for 15 months.
APR: 20.24% to 29.99% variable.
Annual Fee: $0.
Rewards: Unlimited 1.5% cash back on every purchase (zero interest rate credit card offers)
Blue Cash Everyday® Card from American Express
Offer: 0% APR on purchases and balance transfers for 15 months.
APR: 19.24% to 29.99% variable.
Annual Fee: $0.
Rewards: 3% cash back at U.S. supermarkets, U.S. gas stations, and online retail purchases (up to $6,000)
