Stop wasting money on interest fees! If you're carrying balances on high-interest credit cards or you need to make a purchase that you won't be able to pay off right away, there's no need to waste money paying interest. In fact, you can avoid any interest payments at all until 2016.
Credit card issuers are pursuing potential customers by offering extremely generous 0% APR intro deals for truly lengthy periods of time. Take advantage of the available offers to save yourself a ton of cash, or to give yourself some breathing room and time to pay down your balances.
We've done the research and put together a list of the top cards with 0% intro APR periods so long you won't pay any interest until 2016.
Can you say 18-month 0% APR? It's true, you'll enjoy no interest on balance transfers and purchases until 2016, providing plenty of time to pay down your balance. Plus there are no late fees, no penalty fees and no annual fee. Overall this is a stellar pick for anyone looking to save money on interest fees as they work to decrease their balance, or someone who'd like to make a large dollar purchase now and not worry about paying interest until next year.
Citi Diamond Preferred Card
Offering an 18-month 0% APR period on balance transfers and purchases, this card is a winner. And after the 1.5 year zero interest period is up, you'll enjoy a low ongoing APR. Plus there's no annual fee to worry about. Even if you don't have any balances to transfer, this card is still a great way to make purchases now (winter vacation anyone?) and pay no interest until 2016.
Discover it Card – Balance Transfer
When you combine a terrific 18-month 0% intro APR with cash back rewards, it's hard to go wrong. Although the 18-month 0% intro APR is just for balance transfers, you can also take advantage of a 6-month 0% intro APR on purchases and the low post-intro APR rate. Plus you'll earn 5% cash back on categories that rotate quarterly and 1% cash back on everything else. From now through December 2014 you'll get 5% back on online purchases and department store purchases, just in time for the holiday season. Did I mention there's no annual fee and no foreign transaction fees? This means you can make purchases outside the U.S. without worrying about extra fees, which is a nice touch if you're traveling internationally in the future.
These cards don't quite have the incredible 18-month 0% APR the other cards do, but they're still strong contenders:
With a 15-month 0% intro APR on balance transfers and purchases AND the honor of being the only 0% intro card that doesn't charge balance transfer fees, this is our top-ranked balance transfer card. All this and it's targeted at those with "good" credit rather than "excellent" credit. Good credit is generally considered to be a credit score between 649 and 720, although other factors may come into play. Slate's zero balance transfer fees can add up to serious savings, as many cards charge up to 3% of the amount you're transferring. Chase Slate allows you to transfer your balances from other credit cards without paying a cent, and gives you the time you need to start paying down the balance. The 15-month 0% APR period will take you into 2016 with zero interest payments, and it's a great card to help you manage any credit card debt you may currently have or to make large purchases now that you don't want to pay off until next year.
Citi Double Cash Card
If you want a cash back card that features a 15-month 0% intro APR and generous rewards, Citi Double Cash is a smart choice. You'll earn an effective 2% cash back on ALL your purchases, not just purchases in certain categories or in categories that you need to sign up for quarterly. The 2% is earned in two steps – you'll get 1% back when you make a purchase, and you'll get the other 1% back when you pay for the purchase. This is a terrific card if you tend to pay your balance in full each month, but even if you carry a balance you'll eventually earn the full 2% once you pay off your purchase balance. Balance transfers do have a fee of 3% of the amount you're transferring, but that could possibly be offset by the cash back rewards you earn. Altogether, this card's combination of great rewards (2%!) and no interest payments until 2016 is a winner.
Blue Cash Preferred from American Express
Coupling great cash back benefits with a 0% intro APR for 15 months, this card is the best of both worlds. You'll earn 6% cash back at supermarkets (on up to $6K in purchases annually), 3% at gas stations and select department stores like JCP, Nordstrom, Sears and Macy's, and 1% cash back on everything else. You'll also get a $100 intro bonus after spending $1,000 in the first 3 months. And you won't pay interest on your purchases and balance transfers for 15 months, saving you on interest fees well into 2016. It's a great time of year to take advantage of this card because you can make all your holiday purchases now (gifts, meals, groceries, vacations), and you'll have 15 months of $0 in interest to help pay down you balance. There is a $75 annual fee, which most users will more than earn back by making their usual everyday purchases. However, if you're interested in a similar no-annual-fee card that also features strong cash back rewards and a 0% intro APR period, take a look at the Blue Cash Everyday from American Express.
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