Longest 0% APR Credit Cards – Summer 2011
Credit cards offering low interest rates are popular among credit card users. Finding credit cards with no APR is an even better deal but in order to qualify for 0% APR credit cards, you need to have an excellent credit history and a steady income. Additionally, in order to manage a no-interest credit card effectively, you have to understand how the no-APR cards work.
Many credit card providers offer a 0% APR for a limited time only. The 0% APR is a promotional tool used to bring new customers on board. Many consumers have benefited greatly from using cards within the right timeline and have successfully paid no interest on their purchases or their consolidation of existing credit card balances. No-interest credit card offers are a useful tool when planning to eliminate existing credit card balances from other providers.
The promotional periods of 0% APR credit cards differ from one provider to the next so it is important to understand the terms and conditions of the individual card first. Traditionally, credit card providers offer the 0% APR for a period of 6-12 months but there are some cards on the market today that offer even longer period of no-interest financing. Once the introductory period ends, the regular APR will be established based on the card holder’s credit history and consumer credit score.
Here is an overview of the best credit cards offering extended zero-percent APR on purchases and balance transfers:
The Citi Platinum Select Mastercard offers a lengthy 21 months of interest-free purchases and balance transfers.
The Citi Dividend Platinum Select Mastercard offers an extended time period of 15 months for 0% APR on both balance transfers and purchases. The card also features incentives like $100 cash back after making $500 in purchases during the first three months of opening of the account.
The Chase Slate credit card offers a 0% introductory APR on purchases and balance transfers for up to 15 months and offers access to Chase Blueprint with no annual fee.
Lastly, the Discover® More® Card offers a 0% APR for 15 months on purchases and balance transfers to new applicants who are not current Discover card holders.
Because rates and fees change frequently, please refer to the 0% APR balance transfer credit card section and closely examine credit card applications before applying online.
