Credit card perks aren’t exactly famous for being overwhelming. There are cards companies that offer exciting perks from time to time, and there are card companies that have more benefits than others, but most of them don’t offer anything so overwhelming you can’t help but want a card more than anything. One of the most interesting perks for most cardholders is certainly the idea of a long 0% APR introductory rate. Many consumers turn to this type of credit card as a way of refinancing their own debts. When you get to transfer balances without paying a fee or interest on them while you’re paying them off for a lengthy time, you help yourself get out of debt faster and for less.
Another one of the perks of a 0% APR introductory period that lasts a long time is being able to make major purchases you might not have the cash to pay for. You get a long time to pay the purchase off without paying interest, which is an intriguing concept for many. Consumers use it to redo the floors in their home, to update a kitchen or bathroom, remodel another room, buy expensive furniture, or even book a great vacation. There are numerous reasons consumers love a card with no interest for several months, which is why these cards are always among the most popular. If you’re in the market for a 0% APR card with a long introductory period, you might consider one of these cards.
With 15-months of no interest on any purchases and balance transfers, you can spend more than a year paying off a major purchase or debt. It’s a long time, but only if you have the willpower and discipline to actually pay off the debt before the interest begins to accrue. There are a few other perks associated with this card, including the fact you pay no annual fee at all. You also get a $150 cash bonus when you spend $500 on purchases in the first three months of opening the card. That’s a lot of money for buying what you need regardless.
BankAmericard Credit Card
This card is great because it offers no interest on any balance transfers for 18-months. It’s three more months than many of the other best cards on this list have to offer. This isn’t a very spectacular card in any other manner, but that’s not what people sign up for when they want this one. It’s the long introductory rate of nothing that gets people interested in this simple card.
Citi Double Cash Card
This is another card with a long introductory rate of 0%. You’ll pay no interest for 18 months on any balance transfers, which is an impressive length of time. You also get the perk of earning a solid 1% cash back on all the purchases you make with this card. When you pay those purchases off each month, you get another 1% cash back on every dollar you pay off. This is a card that pays you to stay out of debt. It’s spectacular for those who need a bit more incentive to stay out of debt for good.
Citi Simplicity Card
What we love about this card is that you have 21-months to pay no interest on balances you transfer. There is only one other card with the same introductory rate and period, and it’s another Citi card. You have no annual fee to pay, and you never pay late fees if you accidentally forget to make a payment here and there. It’s a simple card, but it’s one many consumers appreciate more than others.
Citi Diamond Preferred Card
It’s the sister to the Citi Simplicity card, and it’s got the same great 21-month 0% APR introductory period. There are no late fees, but there are plenty of benefits. It’s almost just like the Simplicity card, but it has a bit more to offer in terms of offering cardholders a lower APR when it’s time for that to kick in.
There are many reasons to apply for a new card when you have the credit to do so. These cards all want cardholders with good to excellent credit, a low debt-to-income ratio, and low credit utilization ratio. They want you to transfer your balances and pay them off before the introductory period ends, and they want your business. If you want a card with low interest, this is the list to choose from.
There are several other cards on the market offering low to no interest for the same period of time or a little shorter, but these cards have no annual fee and other perks that keep them just a step ahead of other low interest credit cards available to consumers with the appropriate credit score.