Best Credit Cards with 0% Interest for 18 Months
Looking for a credit card that offers a generous 0% interest period to help you manage your finances? A 0% interest credit card can be a valuable tool for paying down debt, making large purchases, or consolidating existing balances. But with so many options available, it can be difficult to know where to start.
Here's a rundown of some of the best credit cards with 0% interest for 18 months:
Top Contenders:
- **** Chase Freedom Unlimited: Offers 0% intro APR for 15 months on purchases and balance transfers, followed by a variable APR of 18.99% - 26.99%. No annual fee.
- **** Discover it® Cash Back: Boasts a 0% introductory APR for 18 months on purchases and balance transfers, after which it becomes a variable APR of 14.49% - 24.49%. Offers 5% cash back in rotating categories each quarter, up to $1,500 in purchases, plus 1% cash back on all other purchases. No annual fee.
- **** Citi Simplicity® Card: Provides a 0% intro APR for 21 months on purchases and balance transfers, transitioning to a variable APR of 19.99% - 29.99%. No annual fee.
- **** Blue Cash Preferred® Card from American Express: Offers a 0% intro APR for 12 months on purchases and balance transfers, followed by a variable APR of 18.99% - 29.99%. Rewards cardholders with 6% cash back at U.S. supermarkets on up to $6,000 per year in purchases, 3% cash back at U.S. gas stations and select U.S. department stores, and 1% cash back on other purchases. Annual fee of $95.
Things to Consider:
When choosing a 0% interest credit card, it's essential to consider the following factors:
- Intro APR and Duration: Pay close attention to the introductory APR and the duration of the 0% period. Make sure you can pay off your balance before the introductory period ends.
- Balance Transfer Fees: Some cards charge a balance transfer fee for transferring debt from other cards. Make sure to factor this cost into your decision.
- Annual Fees: Be aware of any annual fees associated with the card. These can add up over time.
- Other Perks: Consider the other benefits offered by the card, such as cash back rewards, travel points, or purchase protection.
Responsible Use:
Remember, a 0% interest period is a great opportunity to pay down debt or make large purchases, but only if you use it responsibly. Here are some tips for using a 0% interest credit card wisely:
- Set a Budget: Create a budget that outlines how much you'll pay each month to ensure you pay off your balance before the introductory period ends.
- Avoid Overspending: Resist the temptation to spend more than you can afford just because you have a 0% interest period.
- Stay Organized: Track your spending and payments to avoid missing any deadlines or incurring interest charges.
By carefully choosing a 0% interest credit card and using it responsibly, you can take advantage of this financial tool to improve your financial situation.
