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A Whole Lot of Nothing: Cards With Long 0% Intro APR Periods

Oct. 11, 2018
Credit Cards, Low Interest and No Fee Credit Cards
Cards With Long APR Periods
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Of all the perks you can get on a credit card, among the most valuable is, well, nothing: a 0% interest rate on purchases, balance transfers or both. To attract consumers and turn them into loyal longtime customers, many card issuers offer introductory 0% APR periods of six to 12 months. But some go all out and give you even more time before interest starts accruing.

With a long introductory 0% APR period, you have plenty of time to pay off a major purchase interest-free. And by transferring high-interest credit card balances to a 0% card, you can whittle down what you owe quicker because your entire payment will go toward erasing debt rather than toward interest. Be aware, though, that most cards, but not all, charge a balance transfer fee of 3% to 5% of the amount transferred.

Ready to go long? Check out the 0% periods on these cards.

Citi Simplicity® Card - No Late Fees Ever

Introductory APR of 0% on Purchases for 12 months and 0% on Balance Transfers for 21 months, and then the ongoing APR of 15.99% - 25.99% Variable APR

The long 0% APR period for transfers might be enough to recommend the Citi Simplicity® Card - No Late Fees Ever, but this card offers even more. Although you should always make your payments on time, this card won’t penalize you for the occasional slip-up. It charges no late fees and has no penalty APR. The annual fee is $0.

Discover it® Balance Transfer

Introductory APR of 0% on Purchases for 6 months and 0% on Balance Transfers for 18 months, and then the ongoing APR of 13.99% - 24.99% Variable APR

Discover has two versions of its flagship card, including this one with an extra-long 0% period for balance transfers and a more abbreviated period for purchases. Unlike most balance-transfer cards, however, the Discover it® Balance Transfer offers a great rewards program. You get 5% cash back in everyday spending categories that change quarterly (see them in our full review). Plus, Discover will match ALL the cash back you've earned at the end of your first year, automatically. There's no signing up. And no limit to how much is matched. The annual fee is $0.

Citi® Double Cash Card – 18 month BT offer

Introductory APR of 0% on Balance Transfers for 18 months, and then the ongoing APR of 15.49% - 25.49% Variable APR

The Citi® Double Cash Card – 18 month BT offer gets so much attention for its phenomenal rewards rate — 1% cash back on all purchases, plus another 1% back when you pay them off — that it’s easy to overlook its great introductory 0% APR period for balance transfers. It’s the Nerds’ favorite cash back card, and you can’t beat the $0 annual fee.

BankAmericard® credit card

0% on Purchases for 18 billing cycles and 0% on Balance Transfers for 18 billing cycles for balance transfers made in the first 60 days, and then the ongoing APR of 14.99% - 24.99% Variable APR

The BankAmericard® credit card isn’t sexy, nor is it trying to be. The appeal of this card is simplicity. You get a nice long 0% APR period for balance transfers and purchases for an annual fee of $0. The  fee for balance transfers is 3% (minimum $10).

Chase Freedom®

Introductory APR of 0% on Purchases and Balance Transfers for 15 months, and then the ongoing APR of 16.74% - 25.49% Variable APR

A perennial pick as one of the Nerds’ favorite rewards cards, the Chase Freedom® gives you 5% cash back in categories that change every quarter (see them in our full review), and 1% on everything else. There’s an easy-to-claim sign-up bonus, too: Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening. All that for an annual fee of $0.

» ALTERNATIVE: The Chase Freedom Unlimited® offers the same 0% APR period, sign-up bonus and $0 annual fee, but with a flat 1.5% cash back on everything.

Having a long 0% APR period doesn’t mean you can just forget about your credit card balance. If you fail to make your minimum payment, or if you pay late, your card issuer could cancel your 0% rate. And if you carry a balance past the end of the introductory period, interest could start stacking up fast. Used responsibly, however, a card with a long 0% introductory rate is a powerful ally in the fight against debt.

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