Credit card interest can be very costly. As unsecured debt that is never tax deductible, paying your credit card's interest charges will be more expensive than a home mortgage, car loan, or student loan.
Thankfully, the credit card industry is so competitive that card issuers are willing to offer new applicants interest-free financing on new purchases and balance transfers for a limited time. The best offers will feature one year or more of introductory financing, along with competitive rewards and no annual fee.
Here are the seven best credit cards with 0% intro APR financing:
If you're looking for a lengthy 0% APR on purchases, Citi Simplicity® offers just that. Enjoy 0% APR on both new purchases and balance transfers for an industry leading 21 months. Tend to pay late? With the Citi Simplicity® card, you are not charged late fees and your interest rate is not affected when paying late. After the introductory rate expires, a standard rate of 13.24% to 23.24% APR will apply, which is a variable rate based on the Prime Rate.
Cardholders can access a number of services with this card, including Citi Price Rewind, where Citi will refund the price difference of an item purchased within 60 days if a lower price is available, up to $300 per item and $1,200 each year. You will also benefit from an extended warranty on purchases made with your card for up to $10,000 each year. Have questions about your account? You will have access to a customer service representative 24/7, along with travel and emergency assistance when needed. Set up automatic alerts to hear about balance levels, payment due dates, or when you are nearing your credit limit. You have the option to change your payment due date to a time more convenient to you, as well. In addition, Citi Simplicity® is compatible with Apple Pay. This card had no annual fee.
Citi Diamond Preferred® Card
Like Citi Simplicity®, Citi's Diamond Preferred® Card offers 0% APR introductory financing on both new purchases and balance transfers for 21 months. An interest rate of 12.24% to 22.24% will apply after that. A late payment will add a penalty APR of up to 29.99%. While Citi Diamond Preferred® does not have a specific rewards program where cardholders can earn points or cash back, it offers many benefits for consumers who love shopping online and spending on entertainment. With Citi Easy Deals, you will receive special offers at name brand stores like Footlocker, CVS, and Gap. You will also be able to find local deals on dining, shopping, and entertainment, as well as special discounts on hotel stays. Cardholders can access a personal concierge service that will help with travel arrangements. Additionally, you will be enrolled in Citi Private Pass, which provides assistance in making reservations for exclusive entertainment events and restaurants and gives access to presale tickets and special offers for sports events, dining experiences, and concerts. Enjoy extended warranty on items you purchased up to $10,000 per year, as well. This card will allow you to choose your own payment date, set up account alerts, and more to help you stay on top of your balance. While traveling, you can access emergency assistance when needed for legal or medical referrals or travel arrangements. You will also be eligible for damage and theft protection and worldwide car rental insurance. This card is compatible with Apple Pay and does not have an annual fee.
Chase Slate® is a great card for people who want to reduce their debt by performing an interest free balance transfer. The card offers 0% Introductory APR for 15 months on both new purchases and balance transfers. After that, a standard APR of 13.24% to 23.24% (variable) will apply. If you transfer a balance within 60 days of opening the account, you will enjoy no balance transfer fee, which is normally 3% of the balance transferred.
While this card does not have a direct rewards program, it offers a number of services to help you reduce debt and get back on track. Cardholders have free unlimited access to their FICO credit score online. You will be able to view reports that provide details on the reasoning behind your score and information on how to manage your credit health. Enrollment in Chase's Blueprint programs will help you monitor your debt and pay it off quicker through Split, which allows you to set a time frame and monthly payment plan for large purchases, such as new furniture or an air conditioner. You may also select specific categories to pay off each month in full, which will prevent you from paying interest on everyday purchases of groceries and transportation costs. Feel secure with Real-Time Fraud Protection, which monitors your account around the clock and will notify you immediately of fraudulent activity. Chase Slate® has no annual fee and no penalty interest rate.
Chase Freedom® offers a 0% Introductory APR on both new purchases and balance transfers, with a variable APR of 14.24% to 23.24% after that. Unlike Chase Slate®, Chase Freedom® allows cardholders to earn cash back rewards. You will earn 5% cash back on the first $1,500 spent in revolving categories each quarter. Categories vary, with one quarter providing 5% returns on grocery stores, movie theaters, and Starbucks. In another quarter, you may be able to earn the rewards on purchases at Amazon, Zappos, Audible, and Diapers.com. Cash back rewards are tracked as points, with one dollar equal to 100 points. Once you have accumulated 2,000 points, you can redeem the rewards for statement credits or gift cards. You can also pay with points directly on Amazon. Access other redemption options through Chase Ultimate Rewards. All other purchases will earn 1% cash back. As long as you keep your account open, active, and in good standing, you will not lose your points, and there is no limit on the amount of rewards you can earn. New applicants may be able to take advantage of the promotional offer to receive a $150 bonus after spending $500 in the first three months after opening the account. Earn $25 after making a first purchase and adding a first authorized user in the same three month period after opening your account. There is no annual fee for this card.
Discover it- Cashback Match™
The Discover it®- Cashback Match™card offers a 0% APR introductory rate for 12 months on both new purchases and balance transfers with a standard rate of 11.24% to 23.24% APR after that. Like Chase Freedom®, Only from Discover - Cashback Match™ with No Annual Fee provides cash back rewards on revolving categories throughout the year. Earn 5% cash back on the first $1,500 that you spend in specific categories each quarter, including restaurants and movies, gas and ground transportation, and department stores. You will need to active the rewards in each quarter to receive 5% cash back. Earn 1% cash back on all other purchases. If you are a new cardholder, you may be eligible to earn double cash back for all rewards earn in the first year of opening the account.
The Discover it ®- Cashback Match™ card gives you many options for redeeming your rewards. You can request to receive cash back as a statement credit or electronic deposit into a bank account. You can also use your rewards to pay directly with select stores online, including Amazon, Facebook, and Overstock. Give back by donating your cash back rewards directly to a charity of your choice, including Make-A-Wish, ASPCA, Children's Miracle Network, or the American Red Cross. Finally, you can redeem cash back for instant eCertificates and gift cards from Discover partners. Use the Freeze it function on the mobile app to freeze and unfreeze your card if you are concerned it has been stolen or lost. Discover will waive the fee the first time you pay late. This card has no foreign transaction fees and no annual fee.
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