Credit card with long-term 0% APR


Credit cards with 0% APR can be a valuable tool for consolidating debt and financing large purchases. Such cards typically offer an introductory interest-free period of one year or more (on purchases, balance transfers, or both). There are several options that can give you a term of 15 months, and there are also options that can provide you with a term of 18 months or even longer.

With a long 0% APR introductory period, you have a longer period of time to pay off your major purchase interest-free. By transferring a high-interest credit card balance to a zero-interest card, you can reduce the amount you owe faster because your entire payment will go towards eliminating the debt instead of interest.

These card options offer longer interest-free periods.

Wells Fargo Reflect® Card

Wells Fargo Reflect® Card

Wells Fargo Reflect® Card

NerdWallet Ratings

Annual interest rate: 0% initial APR for 21 months from opening on purchases and qualifying balance transfers, then 18.24%, 24.74%, or 29.99% Variable APR thereafter.

this $0-annual fee Wells Fargo Reflect® Card With one of the longest interest-free periods on purchases and balance transfers on the market. With good repayment habits, cardholders can enjoy interest-free discounts for nearly two years. Additionally, the card charges an introductory balance transfer fee of 5% or $5, whichever is higher.

Bank of America Visa® Platinum Card

Bank of America Visa Platinum Credit Card

Bank of America Visa® Platinum Card

NerdWallet Ratings

Annual interest rate: 0% initial APR for 18 billing cycles on purchases and balance transfers, then 18.74%-29.74% ongoing APR Variable APR

this Bank of America Visa® Platinum Card Earn it with longer 0% initial APR period on purchases and balance transfers NerdWallet Wins 2021 Best 0% APR Introductory Card Award. The card doesn't offer rewards, which means it won't offer much long-term value after the interest-free period. But if your focus is paying off debt, the lack of rewards may not be a serious drawback.Plus, there are no fees to hold the card: the annual fee is $0.

Citi Simplicity® Card

Citibank Easy Credit Card
NerdWallet Ratings

Annual interest rate: 21 months on balance transfers, 12 months on purchases, 0% initial APR, then 19.24%-29.99% ongoing APR Variable APR.

Although you should always pay on time, this $0– Annual fee cards won’t punish you for occasional mistakes. It charges no late fees and no penalties. It does charge transfer fees, though. There is a 3% introductory balance transfer fee for every transfer made within the first four months of account opening (minimum $5). Thereafter, the fee is 5% of each transfer (minimum $5).

Citi® Diamond Preferred® Card

Citibank Diamond Preferred Credit Card

Citi® Diamond Preferred® Card

NerdWallet Ratings

Annual interest rate: 21 months on balance transfers, 12 months on purchases, 0% initial APR, then 18.24%-28.99% ongoing APR Variable APR.

The card's 0% APR offer is similar to what's offered on its sister Citi card (above). And it also charges a higher than typical balance transfer fee, which is $5 or 5% of the amount of each transfer, whichever is higher.The difference is Citi® Diamond Preferred® Card More intolerance, assessment fees and Penalty annual interest rates for late payments. For more information on how these cards differ, Check out our comparison story.

Citi Double Cash® Card

Citi® Dual Cash Card
NerdWallet Ratings

Annual interest rate: 0% initial APR on balance transfers for 18 months, then 19.24%-29.24% ongoing APR, variable APR.

this Citi Double Cash® Card Notable for its amazing rewards rates – get 1% cash back on all purchases, plus other Earn 1% back when you pay them off – it's easy to overlook its 0% APR introductory period on balance transfers.It's one of NerdWallet's top flat-rate cash back cards that you can't beat $0 annual fee.

BankAmericard® Credit Card

BankAmericard® Credit Card

BankAmericard® Credit Card

NerdWallet Ratings

Annual interest rate: 0% introductory APR on purchases made within 18 billing cycles and any balance transfers made within the first 60 days.After the introductory APR offer ends, the current variable APR of 16.24% – 26.24% will apply.

The defining characteristics of BankAmericard® Credit Card Its biggest feature is that both purchases and balance transfers enjoy a lengthy 0% annual interest rate. While the card doesn't earn rewards or benefits outside of the interest-free window, it doesn't charge a penalty APR. This means that any late payments you make will not result in you paying a higher interest rate. However, the card charges a balance transfer fee of 3% of each transaction amount for the first 60 days and 4% thereafter.

Wells Fargo Active Cash® Card

Wells Fargo Active Cash Card

Wells Fargo Active Cash® Card

NerdWallet Ratings

Annual interest rate: 0% introductory APR on purchases within 15 months, 0% introductory APR on balance transfers, 20.24%, 25.24% or 29.99% variable APR on qualifying balance transfers within 15 months of account opening, then 20.24%, 25.24% or 29.99% variable APR .

this Wells Fargo Active Cash® Card Combines the best of both worlds – a high bonus rate (2%) on all purchases and a long introductory APR period. Add to that the card’s bonus offers for new cardholders, and it becomes a compelling reason to use your card every day.

Chasing Freedom Flex℠

Chasing freedom and flexibility
NerdWallet Ratings

Annual interest rate: Purchases and balance transfers enjoy 0% initial APR for 15 months, then 20.49%-29.24% ongoing APR, variable APR.

this Chasing Freedom Flex℠ 5% cash back on purchases over $1,500 Categories that change every quarter, earn 5% cash back on travel purchases through Chase, 3% cash back on purchases at restaurants and pharmacies, and 1% cash back on all other non-reward category purchases. There's also an easy-to-claim sign-up bonus: Earn a $200 bonus when you spend $500 in purchases within the first 3 months of account opening. All this for just an annual fee $0.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *