Credit cards with no interest over a specific period of time can help consumers to make big purchases or get out of debt faster. For those who have existing credit card balances, there are credit cards that offer balance transfers at zero percent interest for a designated amount of time. Many credit card companies offer this introductory rate for as long as one year, charging minimal or no fees for the transfer of an existing balance. Some companies will even waive fees and offer special discounts or rewards in order to get your business. Here are three of the best credit cards with no interest.
The Top Three Credit Cards with No Interest
- Discover it® Cashback Match™
- Chase Freedom®
- Citi ThankYou® Preferred Rewards Card
Discover it® Cashback Match™
The Discover it® Cashback Match™ card is one of the best credit cards with no interest currently available. This company offers an introductory 0% APR on balance transfers and purchases for up to 14 months. After this designated time period is over, consumers can expect a variable interest rate that ranges from 11% to 24%. There are no fees for foreign transaction, pay-by-phone, annual, or over-limit services. While there isn’t a sign up bonus, the Discover it® Cashback Match™ card offers specific advantages. Customers can set up their own payment due dates and can pay up until midnight by phone or online with no penalties. Customers also receive 5% cash back on up to $1,500 of purchases each quarter.
- Competitive 0% introductory APR on balance tranfers.
- Introductory rate of 0% is for 14 months.
- Flexible payment due dates.
Chase Freedom® Visa
The Chase Freedom® Visa card offers an introductory rate of 0% on purchases and balance transfers for up to 15 months, which is the longest introductory time period offered among no interest credit cards. This card also does not require the payment of an annual fee. Customers can enjoy up to 5% cash back on all purchases on stuff they buy every day, including gas, meals in restaurants, and Amazon purchases. The cash back limit applies for purchases of up to $1,500 each quarter, and customers have to manually activate their rewards for each time period. For those who do business in foreign countries, there is a 3% foreign currency transaction fee that applies to purchases.
- Introductory 0% APR for up to 15 months
- There is a 3% foreign currency transaction fee.
- the longest introductory time period offered.
Citi ThankYou® Preferred Rewards Card
The Citi ThankYou® Preferred Rewards Card provides customers with a 0% introductory APR on purchases and balance transfers for up to 12 months. After this time period is up, customers can expect to pay a variable interest rate of between 13% and 24%, which is based on each person’s credit score. This points-based rewards card provides a sign-up bonus after customers spend $1,000 in purchases within three months of opening the account. Card users can continue to collect points, gaining one point for every dollar spent on purchases. These points can be used for gift cards, cash, travel rewards, merchandise, and more.
- Introductory 0% APR for up to 12 months.
- Points-based rewards card with sign-up bonus.
- Customers redeem points for gift cards, cash, and travel rewards.