Best Credit Cards with 0% APR for 24 Months
Are you looking to consolidate debt, make a large purchase, or simply need some breathing room on your monthly payments? A credit card with a 0% APR for 24 months can be a great option. However, it's important to choose the right card and be aware of the terms and conditions. Here are some of the best credit cards with 0% APR for 24 months:
1. Discover it® Balance Transfer
- 0% APR for 18 months on balance transfers. This card offers one of the longest introductory periods for balance transfers. After the introductory period, the APR is variable and based on your creditworthiness.
- No annual fee. This makes the card even more attractive.
- Cashback rewards. Discover it® Balance Transfer also offers 2% cashback on purchases at restaurants and gas stations, and 1% cashback on all other purchases.
2. Citi® Diamond Preferred® Card
- 0% APR for 18 months on balance transfers and purchases. This card is a great option if you need to transfer a balance and make purchases at the same time.
- No annual fee. Another great perk of this card.
- Transfer bonus. Citi offers a transfer bonus of $50 after you transfer $1,000 within the first four months.
3. Chase Freedom Unlimited
- 0% APR for 15 months on purchases and balance transfers. This card is a good choice if you want a card with a 0% introductory period that you can use for purchases and balance transfers.
- No annual fee. Another perk for this card.
- Unlimited cashback rewards. Chase Freedom Unlimited offers 1.5% cash back on all purchases.
4. Capital One QuicksilverOne Cash Rewards Credit Card
- 0% APR for 15 months on purchases and balance transfers. Another option for a card with a 0% introductory period that you can use for purchases and balance transfers.
- No annual fee.
- Unlimited cashback rewards. Capital One QuicksilverOne Cash Rewards Credit Card offers 1.5% cash back on all purchases.
Things to Consider:
- The interest rate after the introductory period: This can be significantly higher than the introductory rate, so make sure you can afford the payments once the introductory period ends.
- Balance transfer fees: Some credit cards charge a fee to transfer a balance. Make sure you understand these fees before transferring a balance.
- Minimum payments: Even though you have a 0% APR, it's important to make at least the minimum payment each month. This will help you avoid late fees and keep your credit score high.
- Using the card for purchases: Avoid using the card for purchases after transferring a balance. This can extend your debt and negate the benefits of a 0% APR.
Conclusion:
Credit cards with 0% APR for 24 months can be a valuable tool for managing debt and making large purchases. However, it's important to choose the right card, understand the terms and conditions, and use the card responsibly. By following these tips, you can take advantage of the benefits of a 0% APR and make progress towards your financial goals.
