Monday, February 26, 2024
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Best credit cards with zero interest

Credit cards are the best option when you are looking to finance new products and to unite old debts. At present time, be it young or adults, each one is looking to carry a credit card as per their choices or requirements.

But what makes the necessary to carry a credit card? Well, we all know the fact that credit card has the best facility that enables people to make small to large purchase easier and within few clicks. But along with these facilities, with some credit cards, there are way more interest rates than expected. We are sure this is one of the problems with many as it goes beyond the original purchase amount.

Now what to do? Shall we stop using credit cards? Because not everyone can afford such interest rates and fall into debt. Well, if you have got such a thought in your mind then you need to give yourself a break.

This is mainly because there are many best credit cards with zero interest. Yes, you read it right, many banks/financial institutions and credit unions have the facility where they can offer such credit cards that come with no interest.

This has made individuals to step ahead and explore all of them and their features. In turn, if you are one of those then look we have desired information available for you.

Credit cards with no interest are the prime choice

A credit card with zero interest can be one of the prime choices for businesses to those individuals who do not have sufficient flow of cash. In that case, credit cards with no interest work like a companion for individuals.

But what highlights them most?

  • They come with no interest 

If you are paying your balance in full month then you will not be charged for anything else. This will help you to save your amount of money, especially on large purchases.

  • Flexible payment terms

Many credit cards that come with zero interest offer extended payment terms. This means here you tend to get more time towards your purchase. This is particularly helpful if you have a large purchase to finance or if you have an irregular cash flow.

  • Reward programs

Some of the credit cards with no interest do offer rewards program facilities. This means either you get cashback facilities or you can redeem them towards travel, merchandise etc. Several benefits come along with the best credit cards with zero interest.

Now, that you have determined all of these benefits, it’s time for you to look at what all those credit cards are.

Best credit cards with zero interest to maximize your savings

We have found the top credit cards that come with no interest and this lets individuals undertake several features.

1. Citi Simplicity® Card

This is one of the best credit cards with zero interest and is one of the best options for those who are looking to minimize their debts. Several features or benefits are parked with the Citi Simplicity® Card and hence it can be considered as per the requirements.

Features

Intro APR

0% APR for 21 months on balance transfer (from date of first transfer).

Annual charges 

$0

Foreign transaction fee

3% of the fee applicable on any transaction made

Credit needed

Excellent to good to obtain the benefits of this credit card

Balance transfer fees

There is an introductory fee of around 3% for transfers completed within 4 months of account opening.

2. Wells Fargo Reflect® Card

Wells Fargo Reflect® Card is best suited for those who are willing to either pay off large purchases over time or consolidate debt. Along with this this is the best credit card with zero interest and has become the prime choice among individuals.

Features

Intro APR

For 21 months there is a 0% APR (from account opening) on purchases and also on qualifying balance transfers (this is counted as 18.24%, 24.74% and more).

Rewards points

No rewards point facility available

Foreign transaction fees

3%

Balance transfer fee

There is a balance transfer fee applicable which is around $5.

3. Citi® Diamond Preferred® Card

If you are looking to finance a large purchase and are scared of falling into debt then no need to be worried here. If your current credit card has no such facility and making you fall then look for Citi® Diamond Preferred® Card.

It is used by thousands of people across and just because it comes with the flexibility of zero interest. After all this is what individuals look for.

Features

Rewards

No reward points available on any purchase.

Welcome bonus

None

Intro APR

0% for 21 months on balance transfer facility and 0% for purchase.

Balance transfer fees

$5 for each balance transfer however, the balance must be completed within 4 months of the account opening.

Foreign transaction fees

3%

Annual charges

$0

4. U.S. Bank Visa® Platinum Card

Most of the people have already undertaken the benefit of the U.S. Bank Visa® Platinum Card and they are satisfied. This type of credit card is highly useful for those who do not want to fall into unwanted debt. In turn, they look for the one that comes with zero interest.

If you are searching for such type of credit card then U.S. Bank Visa® Platinum Card is also one of those.

Features

Rewards

No reward points available on any purchase.

Welcome bonus

None

Intro APR

0% for 18 billing cycle on balance transfer and other purchases.

Balance transfer fees

It charges 3% of the amount of each transfer.

Foreign transaction fees

2-3%

Annual charges

$0

5. Amex EveryDay® Credit Card

Amex comes with several interesting facilities along with zero interest. This is why it is considered to be one of the best credit cards with zero interest. However, sometimes it becomes nearly impossible for some to get credit card as per their choice.

But currently different banks and financial institutions have upgraded their services as per the customers demand. This is because they want nobody should deprived of the benefits and hence similar is the case to get credit cards as well.

Features

Rewards facilities

Cardholders can get 2X rewards points at U.S supermarket and on up to $6000 purchase.

Annual charges

There is no annual fee and customer can take it free of cost

Welcome bonus

Cardholders can earn 10, 000 membership reward points once made a purchase of around $2,000 (this is within first 6 months of the card membership).

Balance transfer fees

N/A

Credit score needed

Excellent to good

6. Capital One SavorOne Cash Rewards Credit Card

For interest-free purchases, Capital One SavorOne Cash Rewards Credit Card is also one of the best choices. In the U.S thousands of people are using this credit card because as per review it falls under the category of best credit cards with zero interest.

So, we have picked the one that can be of great choice.

Features

Annual charges

$0

Rewards points

Cardholders can earn 0% cashback facility once they make purchase through Uber/Uber Eats along with the Uber one membership. In addition, 8% cashback facility on Capital One SavorOne Cash Rewards Credit Card.

5% rewards points on hotels + 3% on popular streaming services.

Welcome bonus

When you spend $500 then you can get one time bonus of around $200 (within first 3 months of account opening).

Intro APR

0% APR on purchase and also balance transfer for 15 months.

7. Chase Freedom Flex℠

There are different categories of Chase Freedom credit cards as they are introduced while keeping different requirement of customers in mind. Likely one of those is with no interest. Hence, if you are seeking chase cards then Chase Freedom Flex℠ is one of those for you in that case.

Features

Annual charges

$0

Rewards points

5% cashback on $1500 of combined purchase + 5% cashback on travel, 3% on drug store and 1% on other purchase.

Regular APR

20.49% – 29.24% variable

Foreign transaction fees

3%

Balance transfer fees

There is an intro fee which is around $5 or 3% (amount of each transfer) on transfer made within 60 days of account opening.

8. Chase Freedom Unlimited®

Another category of chase freedom credit cards is Chase Freedom Unlimited® which belongs to best credit cards with zero interest. It tends to offer a greater cashback facility as compared to other credit cards and has been the prominent choice because of huge savings.

Features

Rewards points

Cardholders can enjoy 5% cashback on travel purchases + 3% on drug store, dinning and 1.5 on every other purchases.

Annual fees

$0

Welcome bonus

Chase Freedom Unlimited® gives a flexibility for its customers to earn an additional cashback of 1.5% on everything.  This is up to $20,000 spent in the first year.

Intro APR

0% for the first 15 months right from account opening.

Also Read: Credit Cards for Fair Credit Instant Approval 

9. American Express Cash Magnet® Card

For individuals who are looking for simplicity yet with benefits then American Express Cash Magnet® Card can be the best choice. It gives flexibility to use different features that come along with the card while saving a decent amount at the end of the year.

This way it is also listed as one of the best credit cards with zero interest.

Features

Annual charges

No annual fees.

Rewards

Straight forwards earn 1.5 cashback facility on every purchase.

Welcome bonus

Earn $200 credit after spending $2,000 in purchase within 6 months of account opening.

Balance transfer fees

N/A

Foreign transaction fees

2.7%

10. Blue Cash Everyday® Card from American Express

Last into the category of best credit cards with zero interest is Blue Cash Everyday® Card from American Express. It is best suited if you have a medium to large transactions. Individuals can easily make a choice towards their purchase and with number of other benefits than zero interest.

Features

Annual charges

$0

Welcome bonus

After you spend $2000 then earn a $200 credit statement on your new credit card (within 6 months of account opening).

Regular APR

19.24% – 29.99% variable

Balance transfer fees

It is either 5 or 3% of the balance transfer.

Credit score needed

Good to excellent

Summary

These days individuals are looking to adopt more features or benefits packed into one service they take. However, at the same time, they do not want to spend much of their money. Now by keeping all of the concerns in mind especially for those who wish to seek credit cards but do not get them due to high interest.

Hence, there are several credit cards with zero interest available that come with a wide range of features. You can look at them all above with their concerned features and get the one as per your requirements.

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