What Are the Best 0% Interest Credit Cards?

Credit cards can be a great tool for managing your finances and earning rewards, but they can also come with high interest rates that can quickly add up. That's where 0% interest credit cards come in. These cards offer a period of time, typically 12 to 18 months, during which you won't be charged any interest on your purchases or balance transfers. But with so many options available, it can be hard to know which ones are the best. In this article, we'll take a closer look at some of the top 0% interest credit cards on the market.

Chase Freedom Unlimited

The Chase Freedom Unlimited card offers 0% APR on purchases for the first 15 months, as well as a $200 bonus after you spend $500 in the first three months. It also has no annual fee and earns 1.5% cashback on all purchases, making it a great all-around card for everyday use.

Citi Simplicity

The Citi Simplicity card offers 0% APR on purchases and balance transfers for the first 18 months, with no annual fee or late fees. It also offers a unique feature called "the no late fee promise," which means you won't be charged a late fee if you miss a payment.

Discover it Cash Back

The Discover it Cash Back card offers 0% APR on purchases and balance transfers for the first 14 months, as well as 5% cashback on rotating categories and 1% cashback on all other purchases. It also has no annual fee and offers a free FICO credit score check.

American Express Blue Cash Everyday

The American Express Blue Cash Everyday card offers 0% APR on purchases and balance transfers for the first 15 months, as well as 3% cashback on groceries, 2% cashback on gas and department stores, and 1% cashback on all other purchases. It also has no annual fee and offers a $150 bonus after you spend $1,000 in the first three months.

Tips for Applying for 0% Interest Credit Cards

When applying for a 0% interest credit card, it's important to keep a few things in mind. First, make sure you have a good credit score, as these cards are typically only offered to those with excellent credit. Second, be aware of any balance transfer fees, which can range from 3% to 5% of the transferred amount. Finally, make sure you have a plan for paying off your balance before the 0% interest period ends, as the interest rate will typically jump up significantly after that time.

Credit Card Savings Strategies

Using a 0% interest credit card can be a great way to save money on interest charges, but there are other strategies you can use to save even more. One strategy is to take advantage ofcredit card rewards programs, which can offer cashback, points, or miles for your purchases. Another strategy is to use credit cards for specific expenses, such as groceries or gas, and then pay off the balance in full each month to avoid interest charges.

Annual Fees and Risk Management

When considering a credit card, it's important to factor in anyannual feesthat may be charged. While some cards offer great rewards and benefits, those benefits may not be worth the annual fee if you don't use them frequently. Additionally, it's important to practice good risk management when using credit cards, such as monitoring your account regularly for fraudulent activity and setting up alerts for large purchases or changes to your account.

Recommended Credit Card Companies

While there are many credit card companies on the market, some of the most popular and well-respected include Chase, Citi, Discover, and American Express. These companies offer a range of credit card options with competitive rewards and benefits, as well as strong customer support and fraud protection. Ultimately, the best credit card for you will depend on your individual needs and spending habits, so be sure to do your research and compare your options before making a decision.