The large interest rates on regular credit cards can make it extremely difficult to pay off a large balance. This is where 0% credit cards come into play, that allow you to pay 0% interest on purchases, balance transfers or even both. You can take advantage of these 0% interest credit cards to pay off a large purchase at no interest or to transfer a high interest rate balance.
The very best 0% credit cards have longer payoff periods, no fee on balance transfers or offer a promotional rate to both balance transfers and purchases. Without further ado, these are the 5 best 0% credit cards in 2019.
Citi Simplicity 0% credit card is an amazing no interest credit card that offers a whopping 21 months of 0% interest on balance transfers and a whole year of no interest on all purchases. After the 0% credit card interest period comes to an end, the regular APR is from 16.24% to 26.24%, which depends on your credit.
The only fee you need to worry about during the 0% interest period is a $5 or 5% (whichever is greater) of your balance as a transfer fee. Also, there are no latency, penalty rate or annual fees involved. You are also able to choose your own payment due date, which is why your payments will be due at the time that is most convenient to you.
If you are about to transfer a large balance and would like to avoid huge balance transfer fees, the Chase Slate 0% credit card is a great choice. Chase slate doesn’t charge any balance transfer fees on balances transferred within 60 days of opening your Chase account. After the 2 month period is up, a fee of 5% or $5 is charged for balance transfer.
With this 0% credit card purchases and balance transfers don’t require paying any fees for the first 15 months from the day you opened your account. After that, the regular interest rates of 17.24% to 25.99% are applied. There is also no penalty or annual fee.
BlueCash Everyday Card from American Express
This 0% credit card from American Express offers cash rewards on purchases and a 0% fee for the first 15 months, without any annual fee. After the promotional period expires, the APR ranges from 15.24% to 26.24%. Using this 0% credit card for balance transfers will trigger a fee of $5 or 3% of the transaction.
All purchases with this 0% credit card yields certain rewards. After spending $1,000 with the BlueCash card within the first 3 months of activating it, $200 are brought back to the balance. Also, you will be able to earn 3% cash back at US supermarkets on up to $6,000 per year, 2% cash back at US gas stations and 1% cash back on everything else.
Discover it is another 0% credit card that is often recognized as the card with the best customer service, earning it multiple rewards. The 0% APR is applied to both balance transfers and purchases for 14 months. After this period is over, the regular APR is from 13.99% to 24,99%, which is lower than all the previously mentioned cards offer.
Using this 0% credit card you can also earn rewards on purchases. Purchases of up to $1,500 in certain categories earn 5% rewards. These categories rotate during each quarter and are based on seasonal purchases. All other purchases earn 1% cash cack.