What Are the Best 0% Interest Credit Cards?
Credit cards can be a great way to manage your finances and earn rewards, but they can also come with high interest rates that can quickly add up. That's why many people opt for 0% interest credit cards, which allow you to make purchases or transfer balances without incurring any interest charges for a certain period of time. In this article, we'll take a closer look at some of the best 0% interest credit cards currently available.
1. Chase Freedom Unlimited
The Chase Freedom Unlimited is a popular choice among credit card users, and for good reason. This card offers 0% interest on purchases for the first 15 months, as well as a generous cash back program that allows you to earn 1.5% cash back on all purchases. Plus, there's no annual fee, making it a great option for those who want to save money.
2. Citi Simplicity
If you're looking for a 0% interest credit card that also offers no late fees or penalty APRs, the Citi Simplicity card might be the right choice for you. This card offers 0% interest on purchases and balance transfers for the first 18 months, and it's designed to make managing your finances as simple as possible. There's no annual fee, and you won't be charged a penalty APR if you miss a payment.
3. Discover it Cash Back
The Discover it Cash Back card is another popular 0% interest option. This card offers 0% interest on purchases and balance transfers for the first 14 months, and it also allows you to earn cash back on all purchases. Plus, Discover will match all the cash back you earn at the end of your first year as a cardholder. There's no annual fee, and you can even get a free FICO credit score with your monthly statement.
Tips for Applying for a Credit Card
When applying for a credit card, there are a few things you should keep in mind to increase your chances of being approved. First, make sure you have a good credit score. Most credit card companies require a score of at least 670, although some may accept lower scores. You should also be prepared to provide proof of income and employment, as well as your social security number and other personal information.
Saving Money with Credit Cards
While credit cards can be a great way to earn rewards and manage your finances, they can also be expensive if you're not careful. To save money on credit card fees and interest charges, make sure you pay your balance in full each month and avoid carrying a balance. You should also look for cards that offer no annual fee and low interest rates, and be sure to read the fine print to understand any fees or penalties that may apply.
Avoiding Credit Card Risks
Finally, it's important to be aware of the risks that come with using credit cards. Make sure you only use your card for purchases you can afford to pay off, and never give out your card information to anyone who isn't a trusted source. You should also monitor your account regularly to check for any unauthorized charges or suspicious activity, and report any issues to your card issuer right away. By following these tips, you can enjoy the benefits of a credit card while minimizing your risks.