Best Credit Cards with No Interest for 12 Months
Looking for a credit card with a long 0% intro APR period to help you manage your finances? You've come to the right place! A 0% intro APR credit card can be a great tool to consolidate debt, make large purchases, or simply give you some breathing room with your finances. Here's a breakdown of some of the best options available:
What to Consider When Choosing a 0% Intro APR Card
Before you dive into the options, keep these factors in mind:
- Intro APR: This is the introductory interest rate offered for a specified period. Look for cards with the longest 0% intro APR period possible.
- Regular APR: This is the standard interest rate that applies after the introductory period expires. Choose a card with a competitive regular APR to minimize costs if you don't pay off the balance before the introductory period ends.
- Annual Fee: Some cards charge an annual fee, while others don't. Factor this cost into your decision.
- Balance Transfer Fee: If you plan to transfer a balance from another card, be aware of the transfer fee. Some cards offer 0% balance transfer fees, while others charge a percentage of the transferred balance.
- Other Perks: Some cards offer additional benefits like rewards points, travel insurance, or purchase protection. Consider these perks if they align with your needs.
Top Credit Cards with No Interest for 12 Months
Here are a few top-rated credit cards offering 12 months of 0% intro APR:
1. Citi Simplicity® Card:
- Intro APR: 0% for 21 months on purchases and balance transfers
- Regular APR: 19.24% to 26.24% Variable APR
- Annual Fee: None
- Balance Transfer Fee: None for the first 4 months
2. Discover it® Cash Back:
- Intro APR: 0% for 18 months on purchases and balance transfers
- Regular APR: 13.99% to 25.99% Variable APR
- Annual Fee: None
- Balance Transfer Fee: None
3. Blue Cash Everyday® Card from American Express:
- Intro APR: 0% for 15 months on purchases and balance transfers
- Regular APR: 15.99% Variable APR
- Annual Fee: $0 for the first year, then $95
- Balance Transfer Fee: 3% of the amount transferred (minimum $5)
4. Chase Freedom Unlimited®:
- Intro APR: 0% for 15 months on purchases and balance transfers
- Regular APR: 16.99% Variable APR
- Annual Fee: None
- Balance Transfer Fee: 5% of the amount transferred (minimum $5)
5. Capital One QuicksilverOne Cash Rewards Credit Card:
- Intro APR: 0% for 15 months on purchases
- Regular APR: 19.99% Variable APR
- Annual Fee: None
- Balance Transfer Fee: 5% of the amount transferred (minimum $5)
Important Note: This is not an exhaustive list. Many other credit cards offer 0% intro APR periods, so research to find the best fit for your needs.
Tips for Using a 0% Intro APR Credit Card
- Create a Budget: Plan how you'll use the card and make sure you can pay off the balance before the introductory period ends.
- Set Up Automatic Payments: Ensure on-time payments to avoid late fees and interest charges.
- Don't Overspend: Stick to your budget and avoid unnecessary purchases.
Using a 0% intro APR credit card effectively can be a valuable tool for managing your finances. Remember to read the terms and conditions carefully and use it responsibly.
