American Express Business Credit Card
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Zero Percent Interest Credit Cards
Written by: Bill Matthews
APR Is the Most Important Aspects of Picking a Credit Card
0 interest credit cards are the general term to refer to those cards that carry a zero percent annual percentage rate, or a 0% APR. The APR of credit cards is perhaps one of the most important aspects of the entire account, and basically determines how much extra money you'll be spending for the privilege of having a credit card.
Zero Interest Credit Cards Are Gaining Popularity
0 interest credit cards are gaining in popularity as lenders compete for consumer's business. Some of these cards offer that unbeatable rate for a period of six months, while others may last for an entire year. After that period, the APR will either be a fixed or variable rate. To attract even more cardholders, lenders are also offering various reward and incentive programs.
Some of the most important questions to consider when shopping for 0 interest credit cards are:
- What is the length of time of the free interest period?
- What will the APR be following the introductory period?
- Does the card's zero interest rate apply to balance transfers?
- Are there any other benefits or rewards associated with the card?
- When will your card's credit limit be eligible for an increase?
Transferring Balances From High Interest Cards
If you have more than one card that carries a high interest rate, 0 interest credit cards are a smart solution, particularly if you're able to transfer balances to the card with no interest. Of course the absolute ideal situation is to pay off balances at the end of each month, but when that's not possible, as is the case for most of us, 0 interest credit cards are clearly the better choice.
Consider The Other Fees
Before applying for one or more 0 interest credit cards, be sure that other fees associated with the card won't negate the benefits of no interest charges. Some of the most common fees that can add up rather quickly include annual fees, over-the-limit fees, late fees, and balance transfer fees.
Blue from American Express Introductory Rate Offer: 0% APR for up to 15 Months
Blue from American Express® is an ideal credit card for those with good credit who already have an established credit history and are looking for a card with access to a reward program. Various American Express® services and benefits are provided with this card, such as purchase protection, auto rental insurance, a year-end financial statement, and various travel and emergency assistance services. Cardholders also have access to Blue's Membership Rewards Express(SM) program, which offers members the chance to earn points that can be redeemed for various services and products. The rewards program is by far one of the best reward programs offered in the credit card industry.... Show More
Discover Open Road Card
Introductory Rate Offer: 0% Intro APR* and is applied to purchases, balance transfers.
The Discover® Open Road(SM) Card, issued by Discover, is designed for those with very good credit who would like to earn cash rewards for their gas and auto maintenance spending. Through the reward program, cardholders earn a full 5% in cash rebates for gas and auto maintenance purchases, up to 1% for general purchases, and .25% for purchases made at select warehouse clubs and discount stores. Those who spend up to $1,500 on general purchases will receive a .25% rebate, between $1,500 and $3,000 will receive a .5% rebate, and over $3,000 will receive a full 1% rebate.* This card also offers a variable rebate on gas and auto maintenance purchases. Those who spend up to $1,200 wi.... Show More
Chase PerfectCard™ MasterCard
Introductory Rate Offer: 0% APR for 6 Months and is applied to purchases, balance transfers.
The Chase PerfectCard™ MasterCard® is designed for those with very good credit who make frequent gas purchases. Unlike other gas credit cards that require a cardholder to use their card at specific gas stations, this card allows cardholders to earn a 3% rebate on gasoline purchased at any gas station. In addition, a 6% rebate is applied to all gasoline purchases made with the card during the first 90 days. The maximum rebate that cardholders can earn for gas purchases is $15 per month. Cardholders also earn a 1% rebate on all other purchases, which is unlimited. Aside from the rewards program, the card provides several benefits that include a purchase protection plan, travel.... Show More
IN:NYC® Card from American Express
Introductory Rate Offer: 0% APR for 6 Months and is applied to purchases, balance transfers.
The IN:NYC® Card from American Express is designed for those with good credit who live in or frequently visit New York City and plan to take advantage of the various benefits and services that are in New York City. Through the reward program, cardholders earn two points for every dollar spent on dining establishments, movie theaters, cell phone service, cable and satellite television service, dial-up Internet service, gym memberships, and magazine and newspaper subscriptions, and they earn one point for every dollar spent on all other purchases. Points can be redeemed for benefits and experiences based in New York City, such as free hotel stays, dining, and airline travel. Points nev.... Show More
