Best High Limit 0% Interest Credit Cards
A 0% interest credit card can be a valuable tool for managing your finances, especially if you have a large purchase to make or need to consolidate debt. However, with so many options available, it can be difficult to find the best high limit 0% interest credit card for your needs.
Here's a breakdown of some key factors to consider when choosing a high limit 0% interest credit card:
1. Intro APR Period
The introductory 0% APR period is the most important factor to consider. This is the amount of time you have to pay off your balance before interest starts accruing. Some cards offer 0% APR for as long as 18 months, while others only offer it for 6 months.
2. Credit Limit
A higher credit limit means you can borrow more money. This is especially important if you need to make a large purchase or have a lot of debt to consolidate.
3. Annual Fee
Some credit cards charge an annual fee, while others do not. If you're looking for a free card, be sure to compare annual fees.
4. Other Benefits
Some 0% interest credit cards also offer other benefits, such as rewards points, travel insurance, or purchase protection. These benefits can be valuable, but make sure they align with your spending habits and needs.
5. Eligibility Requirements
It's important to consider your credit score and income before applying for a high limit 0% interest credit card. Some cards have stricter eligibility requirements than others.
Popular Options for High Limit 0% Interest Credit Cards
- Chase Freedom Unlimited: Offers a 0% intro APR for 15 months on purchases and balance transfers. This card comes with a $0 annual fee and earns unlimited 1.5% cash back on all purchases.
- Discover it Cash Back: Offers 0% intro APR for 18 months on purchases and balance transfers, and 5% cash back on rotating categories each quarter, plus an automatic match of your cash back at the end of your first year.
- Citi Double Cash: Offers 0% intro APR for 18 months on balance transfers and comes with a generous 2% cash back on all purchases (1% back when you buy, 1% back when you pay).
- Blue Cash Everyday: Offers 0% intro APR for 15 months on balance transfers and boasts a 2% cash back on purchases at supermarkets, gas stations, and dining, and 1% on all other purchases.
Remember to carefully compare different cards and their specific terms to find the best fit for your individual needs.
Important Note: While 0% interest credit cards can be a valuable tool, they should be used responsibly. Be sure to create a plan for paying off your balance before the promotional period ends to avoid accruing high interest charges.
