The Best 0% APR Purchase Credit Card Offers (With Balance Transfers)
Updated List Of The Best 0% APR Interest Credit Card Offers Below
Zero percent purchase credit cards are specially suited for credit savvy consumers looking to make free purchases for 12 months or more without having to pay the amount back until the end of the promotional offer period. If you’ve low on spending cash or find yourself in a temporary financial emergency, 0% purchase credit cards can help you deal with your personal finance expenses until you get back on your feet. In the last few years there have been at least two occasions when I personally needed to depend on 0% card offers to help get me out of a temporary financial jam that lasted a few months. Although I was in good financial shape at the time my liquid spending money was just momentarily tied up in stock investments. So to successfully weather the cash strapped period, I paid off daily living expenses using my newly applied no interest credit card. Hey, it beats relying on pay day loans any day (which I’ve never had to use, thankfully).
Both 0% Balance Transfer and 0% Purchase Credit Cards Have Pros and Cons
While 0% balance transfer credit cards have gotten more publicity among those seeking debt reduction and among those looking to profit from high yield savings account interest, they usually require more careful management effort to maintain. One top differentiating benefit of using 0% purchase credit cards is to avoid the initial transfer fees associated with many balance transfer cards. For those who want to avoid the hassle and effort of shifting balances around, 0% purchase cards offer an attractive option.
With no interest purchase credit cards, cardholders accrue no monthly interest charges for purchases they make for the duration of the card’s introductory and promotional period, which usually lasts about 12 months (but can vary anywhere from 6 to over 15 months). Each month’s minimum statement balance (usually small) still needs to be timely and regularly paid off to avoid any unintended late payment fees or penalties. During the promotional period, cardholders can continue to make free 0% purchases up to the maximum credit limit available. However, as always, I always encourage users to be responsible with their credit usage and always work towards paying off the total statement balance off before the end of the promotional period. After scouring all available credit card offers, here are the best offers I’ve come up with. Please note that balance transfer fees may apply depending on offer details (although they are very frequently capped at a certain amounts). Please read the terms carefully.
Consumer Credit Cards That Offer Both 0% Purchases And 0% Balance Transfers:
- Chase Slate Card With Blueprint – 0% APR for purchases and balance transfers (12 months)
- Discover More Card – 0% APR for purchases (6 months) and balance transfers (6 months)
- Discover More Card – Clear – 0% APR for purchases (6 months) and balance transfers (6 months)
- Citi Platinum Select Card – 0% APR for purchases and balance transfers (both for 6 months)
- Citi Forward(SM) Card – 0% APR for 6 months on balance transfers and purchases (special offer: $100 sign up bonus)
- Citi mtvU Card For Students - 0% interest free rate on both balance transfers and purchases if you qualify
- Discover Open Road Card – 0% APR for purchases (6 months) and balance transfers (6 months)
- Capital One Platinum Card
- Capital One Prestige MasterCard
Great Consumer 0% Purchase Credit Card Offers:
- Chase Freedom(SM) Card – 0% APR for purchases (up to 12 months) – (Bonus $50 for new accounts)
- American Express Clear Card – 0% APR for purchases (up to 12 months)
- American Express Blue – 0% APR for purchases (up to 12 months)
- American Express Blue Cash® – 0% APR for purchases (up to 12 months)
- American Express Blue Sky® – 0% APR for purchases (up to 12 months)
- Capital One No Hassle Cash Rewards Card
- FNBO World of Warcraft Platinum Visa
February 22nd, 2008 at 5:09 pm
Don’t forget the 3% fee on Balance Transfers. Chase has a limit of $75 but Citibank has no limit.
August 5th, 2008 at 8:00 pm
I thought this info would be helpful
NO BALANCE TRANSFER FEE’s BUT BALANCE TRANSFERS MUST BE DONE WITHIN 90 DAYS PLUS THE GREAT BENEFITS BELOW
Good Neighbor Visa® Credit Card
Apply Now
Access My Account
View my Year-End Summary on http://www.mysfcard.com
0% Intro APR on Balance Transfers
Contact us at 1-877-SF4-VISA (1-877-734-8472)
Features
Low Purchase APR*
No Annual Fee
Zero Fraud Liability Protection
Online Discounts
Lost/Stolen card protection
Worldwide Visa credit card acceptance
24 Hour Good Neighbor Service®
Online Access Anytime
Free built-in protection features
Free Identity Theft Protection
Free Account Fraud Monitoring
Free $250,000 Travel Accident Insurance
Free Auto Rental Insurance
Cash advance privileges via ATMs and convenience checks
Refer to the Important Account Disclosures that contains rates, fee, cost, and account information.
February 9th, 2009 at 5:51 pm
I need some help, I have two credit cards that have a very high interest rate, they are both maxed out. And with this “wonderful” economy that we are living in I have recently been laid off from my job and have been left with no choice but to accept a job with significantly lower pay. Now, I am looking into something that will lower my monthly payments on my credit cards. So balance transfers, credit consolidation companies….I’m willing to look into anything! Thank you!
April 23rd, 2009 at 7:24 pm
I have 2 credit cards. One is very very high bal. One is low. Both have had their interest rates jacked up. I too am a victim of the economy but have NEVER been late on my cards and even according to the credit card company have “stellar credit”
Rate on high bal went from 7.9 to 25.99
Rate on low bal went from 11.99 to 16.99
Big problem…I worked for a non profit and my position is no longer funded there for I am “unemployed” yet still paying my bills.
I am a home owner…but only purchased 2 years ago so do not have a whole lot of equity…
I am self employed…have been for 3 years thank GOD but still JUST making my bills. I need help! Any out there???
April 28th, 2009 at 5:26 am
One additional thing you might consider is getting a second job, no matter how modest, devoted solely to paying down your credit debt.
May 1st, 2009 at 5:37 am
Heather,
Regarding getting a second job to pay off your existing credit card bills and revolving debt, that’s easier said than done. Even getting that first job isn’t all that easy these days. The economy’s still in pretty bad shape and both good and bad jobs are still hard to come by.
May 6th, 2009 at 1:21 pm
I am looking for something that low interest, 4% or so, that is for the life of the balance. I just can’t seem to find anything like that anymore.
August 7th, 2009 at 1:53 pm
Just a side note to look out for. Some credit cards that offer 0% on balance transfers for “X” amount of months will charge you their interest rate on any new purchases. The catch is that their annual fee on the card (if there is one) or any other fee they put on your card other than what you transferred over, is considred to them as a “new purchase”, so you will begin paying finance charges on those “new charges”. The ONLY way out of paying the new finance charges with them is to pay off the credit card in full, which includes their new charges as well as your balance transferred. I just had this experience with Air Canada’s Aeroplan Bank of America card.