Credit cards are a great way to make purchases and earn rewards, but they can also come with high interest rates that quickly add up.
Credit cards with 0% introductory offers can be a great tool for managing debt and making big purchases without paying any interest. These cards typically offer a 0% interest rate on purchases and balance transfers for a certain period of time, which can be anywhere from six months to 21 months depending on the card. In this article, we will explore the best credit cards with 0% introductory offers and what to consider before applying.
Chase Freedom Unlimited®
This card offers a 0% introductory APR for the first 15 months on both purchases and balance transfers, making it an excellent option for those looking to save money on interest charges. Additionally, the card offers cashback rewards, including a bonus of $200 after spending $500 within the first three months of opening the account. Another great benefit of Chase Freedom Unlimited is that it comes with no annual fee, which means you can enjoy the rewards without worrying about additional costs.
Citi Simplicity Card®
Get 0% Intro APR for 12 months on purchases from the date of account opening and 0% Intro APR for 21 months on balance transfers from the date of first transfer. After that, the variable APR will be 18.99% - 29.74%, based on your creditworthiness. Plus enjoy no annual fee.
Wells Fargo Reflect® Card
This card offers a 0% intro APR for 21 months from account opening on purchases and qualifying balance transfers. 17.99% to 29.99% variable APR thereafter. Balance transfers made within 120 days from account opening qualify for the introductory rate. Get up to $600 of cell phone protection when you pay your monthly cell phone bill with your eligible Wells Fargo card (subject to a $25 deductible).
What to Consider Before Applying for a Credit Card with a 0% Introductory Offer
While credit cards with 0% introductory offers can be a great way to save money on interest charges, it's important to consider a few factors before applying. Here are some things to keep in mind:
Introductory Period: Make sure you understand the length of the introductory period, and how long you have to pay off any balances before the interest rate increases.
Balance Transfer Fees: Some credit cards charge a balance transfer fee when you transfer a balance from another credit card. Make sure you understand the fees associated with the card before applying.
Credit Score: Generally, credit cards with 0% introductory offers require good to excellent credit. Make sure you have a good credit score before applying.
Annual Fees: Some credit cards may charge an annual fee, even if they have a 0% introductory offer. Make sure you understand any fees associated with the card before applying.
Credit cards with 0% introductory offers can be a great way to save money on interest charges and manage debt. When considering a credit card with a 0% introductory offer, make sure you understand the length of the introductory period, any balance transfer fees, your
In conclusion, credit cards with low interest rates are an excellent option for those who want to avoid high interest charges on their purchases and balance transfers. The Chase Freedom Unlimited, Citi Simplicity, and Wells Fargo Reflect are three great options that offer 0% introductory APRs for a limited time, making them attractive choices for those looking to save money on interest. Remember, when selecting a credit card, carefully review the terms and conditions to ensure it aligns with your financial goals and spending habits.
Disclaimer: The credit cards mentioned in this article are for informational purposes only. The author and the website do not endorse any particular credit card or issuer. The decision to apply for and use a credit card is solely the responsibility of the reader. Before applying for any credit card, please read the terms and conditions carefully and consult with a financial advisor to ensure it is the right choice for your financial situation.