0 Interest Credit Cards for 24 Months on Purchases: A Comprehensive Guide
Are you looking for a credit card that offers 0 interest for 24 months on purchases? If so, you're in luck! There are several credit cards on the market that offer this incredible benefit. In this article, we'll take a closer look at the top 0 interest credit cards for 24 months on purchases, their benefits, and what you need to know before applying.
What Are 0 Interest Credit Cards?
A 0 interest credit card is a type of credit card that allows you to make purchases without incurring interest charges for a certain period of time. This period can range from 6 months to 24 months or more, depending on the credit card issuer and your creditworthiness.
Top 0 Interest Credit Cards for 24 Months on Purchases
Here are some of the top 0 interest credit cards for 24 months on purchases:
Citi Simplicity Card
- 0% intro APR for 24 months on purchases
- No late fees or penalty APR
- No foreign transaction fees
- $0 annual fee
Citi Diamond Preferred Card
- 0% intro APR for 24 months on purchases
- No annual fee
- No foreign transaction fees
- 24/7 concierge service
Bank of America Cash Rewards credit card
- 0% intro APR for 24 months on purchases
- 3% cash back on gas and 2% cash back at grocery stores and wholesale clubs
- $200 online cash rewards bonus after spending $1,000 in the first 90 days
- $0 annual fee
Wells Fargo Platinum card
- 0% intro APR for 24 months on purchases
- No annual fee
- No foreign transaction fees
- Free access to your FICO credit score
How Do 0 Interest Credit Cards Work?
Here's how 0 interest credit cards work:
- You apply for a 0 interest credit card and are approved.
- You make purchases using your credit card during the 0 interest period.
- You won't be charged interest on your purchases during the promotional period.
- At the end of the promotional period, the regular APR will apply to any remaining balance.
Things to Consider
Before applying for a 0 interest credit card, consider the following:
- Regular APR: After the promotional period ends, the regular APR will apply to your balance. Make sure you understand the regular APR before applying.
- Balance transfer fees: If you plan to transfer a balance from another credit card, you may be charged a balance transfer fee.
- Credit score: You'll need a good credit score to qualify for a 0 interest credit card.
- Spending habits: Make sure you can pay off your balance within the promotional period to avoid interest charges.
Conclusion
0 interest credit cards for 24 months on purchases can be a great way to finance large purchases or consolidate debt. However, it's essential to understand the terms and conditions before applying. By choosing the right credit card and using it responsibly, you can save money on interest charges and achieve your financial goals.
