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.
If you want a cash back card that features a 15-month 0% intro APR , a $100 bonus and was created for those with "good" credit, Chase Freedom is a great choice. You'll earn 5% cash back in quarterly rotating categories and an unlimited 1% on all other purchases. And right now through December 2014 you'll receive 5% cash back at Amazon.com, Zappos.com and select department stores (on up to $1,500 in combined purchases). Plus you'll get $200 bonus after spending $500 in the first 3 months. There is a balance transfer fee of 3% of the amount you're transferring, but that could possibly be offset by any cash back rewards you earn. When you include of the $0 annual fee and rewards that never expire, this is a great combination card that will get you no interest payments until 2016.
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