Best 0% APR Travel Credit Cards
Are you planning a big trip and looking to save on interest charges? A 0% APR travel credit card can be a great option for financing your travel expenses. These cards offer an introductory period with no interest charges, allowing you to pay off your balance without accumulating debt.
Here are some of the best 0% APR travel credit cards available in 2023:
1. Chase Freedom Unlimited:
- Introductory APR: 0% for 15 months on purchases and balance transfers (then variable APR, currently 17.99%-24.99%)
- Annual Fee: $0
- Rewards: 1.5% cash back on all purchases
- Bonus: Earn an additional 1.5% back on travel purchases through Chase Ultimate Rewards
2. Discover it Miles:
- Introductory APR: 0% for 14 months on purchases and balance transfers (then variable APR, currently 14.99%-24.99%)
- Annual Fee: $0
- Rewards: 1 mile per $1 spent on all purchases
- Bonus: Miles do not expire and can be redeemed for a variety of travel rewards, including flights, hotels, and car rentals.
3. Citi Simplicity:
- Introductory APR: 0% for 21 months on purchases and balance transfers (then variable APR, currently 16.99%-26.99%)
- Annual Fee: $0
- Rewards: None
- Bonus: Offers a straightforward way to finance travel expenses with a long introductory period.
4. Blue Cash Everyday Card from American Express:
- Introductory APR: 0% for 12 months on purchases (then variable APR, currently 15.99%-26.99%)
- Annual Fee: $0
- Rewards: 2% cash back at US supermarkets (on up to $6,000 per year), 1% cash back on other purchases
- Bonus: This card is not solely focused on travel, but it can be a good option for those who need to finance travel expenses and also want a card that offers good rewards on everyday purchases.
Factors to Consider When Choosing a 0% APR Travel Credit Card:
- Introductory APR period: How long is the 0% APR period? Longer periods give you more time to pay off your balance.
- Annual fee: Some cards have annual fees, so it's important to factor that into your decision.
- Rewards: Do you want a card that offers travel rewards or cashback?
- Balance transfer fee: If you're transferring a balance from another card, check the balance transfer fee.
Important Considerations:
- Make sure you can pay off your balance within the introductory period: If you don't pay off your balance by the end of the promotional period, you'll start accruing interest at the standard APR, which can be high.
- Avoid using the card for unnecessary purchases: Only use the card for travel expenses to avoid racking up unnecessary debt.
- Read the terms and conditions carefully: Make sure you understand the terms of the card before you apply.
By choosing a 0% APR travel credit card that meets your needs, you can save money on interest and enjoy your trip without worrying about debt. Remember, responsible credit card use is key to maximizing the benefits of these cards.
