Credit cards with 0 interest for 18 months are a popular financial tool used by many consumers looking to save money on interest payments. These credit cards are designed to offer a promotional period during which the cardholder can use the card without paying any interest on their balance. Depending on the card issuer, this promotional period can be as long as 18 months. Let’s see some of the best credit cards with 0 interest for 18 months.
Best Credit Cards with 0 Interest for 18 Months
There are many credit cards on the market that offer 0 interest for 18 months or longer. Here are some of the best options:
Wells Fargo Reflect® Card
The Wells Fargo Reflect® Card offers a 0% introductory APR term that may last close to two years. It includes a 0% intro APR on Purchases up to 21 months and a 0% intro APR on Balance Transfers up to 21 months from the account activation. For 18 months, starting at account opening, there is a 0% intro APR and a 3-month extension of the introductory APR. Balance transfers made within 120 days are eligible for the intro rate and fee of 3%, then a BT cost of up to 5%. This credit card offers 0% interest for 14 months on purchases and balance transfers. There is no annual fee, and cardholders can earn up to 5% cashback on rotating categories each quarter.
Chase Freedom Unlimited
This is one of the credit cards that offer 0 interest for 18 months on purchases and balance transfers. There is no annual fee, and cardholders can earn unlimited 1.5% cashback on all purchases.
The Freedom Unlimited® card offers 1.5% cash back on up to $20,000 spent in the first year, 6.5% cash back on travel purchased through Chase Ultimate Rewards®, 4.5% cash back on drugstore purchases and dining at restaurants, and 3% on all other purchases. After the first year or $20,000 spent, 5% cash back on Chase travel purchased through Ultimate Rewards®, 3% cash back on drugstore purchases and dining at restaurants, and unlimited 1.5% cash back on all other purchases.
Citi Simplicity
Citi Simplicity credit cards also offer 0 interest for 18 months on balance transfers and 0% interest for 12 months on purchases. There are no late fees or penalty rates and no annual fee.
BankAmericard® credit card
The BankAmericard® credit card offers a 0% intro APR on purchases and balance transfers for the first 21 billing cycles, followed by a variable APR between 15.74% and 25.74%. All balance transfers are subject to a 3% charge, no yearly charge, and no APR penalty. There are other account prices and conditions, such as free access to your FICO® Score and contactless cards. Apply right away to benefit from this deal.
Capital One Quicksilver
This credit card offers 0% interest for 15 months on purchases and balance transfers. There is no annual fee, and cardholders can earn unlimited 1.5% cashback on all purchases.
The Capital One Quicksilver Cash Rewards Credit Card offers a 0% intro APR period for 15 months, a variable APR of 19.74%-29.74%, and a 3% charge on transfers made within the first 15 months. There is no cap on the amount of cash back you can earn and it won’t expire for the duration of the account. Every purchase earns 1.5% cash back, and there is no yearly fee or charge for international transactions. There is no sign-ups or rotating categories required to receive cash prizes.
Discover it Cash Back.
Discover it® Cash Back offers a 0% introductory APR on purchases and balance transfers, 5% cash back on up to $1,500 in quarterly spending and 1% cash back on all other purchases. At the end of the first year, Discover will automatically double all the cash back you’ve earned. Activate for free with the smartphone app and redeem $1 for every $1 in cash back. No yearly charge.
Chase Slate Edge℠
The Chase Slate EdgeSM card offers 0 Intro APR on purchases and balance transfers for 18 months. After that, it ranges from 19.74% to 28.49% variable. When cardholders use their cards responsibly and spend at least $1,000 by their account anniversary, they are automatically eligible for an annual 2% APR decrease. When cardholders make timely payments and spend $500 in the first six months, they will receive an automatic review for a higher credit limit. All features are included without any yearly fees. Chase Credit Journey provides free access to your most recent score, real-time alerts, and more.
U.S. Bank Visa® Platinum Card
The U.S. Bank Visa® Platinum Card offers a 0% introductory APR on purchases and balance transfers for 18 billing cycles, followed by a variable APR ranging from 19.24% to 29.24%. It also provides protection for your cell phone, subject to a $25 deductible. No yearly fee.
When choosing credit cards with 0 interest for 18 months, it’s important to consider the terms and conditions of the card. Look for any balance transfer fees, annual fees, and the interest rate that will apply after the promotional period ends. It’s also important to use the promotional period wisely and avoid overspending to ensure that the credit card is a helpful financial tool rather than a source of further debt.
What does 0 interest for 18 months mean?
“0 interest for 18 months” means that a credit card issuer is offering a promotional period during which the cardholder will not be charged any interest on their balance for a period of 18 months. During this promotional period, the cardholder can make purchases and pay off their balance without incurring any interest charges.
This promotional period can be very helpful for people who want to pay off high-interest credit card debt or make large purchases without incurring significant interest charges. However, it’s important to note that once the promotional period ends, any remaining balance on the credit card will be subject to the regular interest rate. Additionally, any new purchases made after the promotional period ends will also be subject to the regular interest rate.
It’s important to carefully read the terms and conditions of any credit card offer before applying to fully understand the promotional period, interest rates, and any potential fees associated with the card.
What does 0% for 24 months mean on credit card?
“0% for 24 months” on a credit card means that the card issuer is offering a promotional period during which the cardholder will not be charged any interest on their balance for a period of 24 months. During this promotional period, the cardholder can make purchases and pay off their balance without incurring any interest charges.
Similar to a credit card with 0% interest for 18 months, a credit card with 0% interest for 24 months can be very beneficial for people who want to pay off high-interest credit card debt or make large purchases without incurring significant interest charges. However, it’s important to note that once the promotional period ends, any remaining balance on the credit card will be subject to the regular interest rate, which could be significantly higher than the promotional rate.
How long is zero interest period on credit card?
The length of the zero-interest period on a credit card can vary depending on the card issuer and the specific credit card offer. Some credit cards offer zero interest for a period of 6 months, while others may offer zero interest for 12, 18, or even 24 months.
During the zero-interest period, cardholders can make purchases and/or balance transfers without incurring any interest charges on the balance. This can be helpful for those who want to pay off high-interest credit card debt or make large purchases without incurring interest charges. However, it’s important to note that once the zero-interest period ends, any remaining balance on the credit card will be subject to the regular interest rate, which can be significantly higher than the promotional rate.
It’s important to carefully read the terms and conditions of any credit card offer before applying to fully understand the zero interest period, interest rates, and any potential fees associated with the card. Additionally, it’s important to use the zero interest period wisely and avoid overspending to avoid getting into further debt.
Which credit card gives 3 months free?
There are credit cards that offer promotions where the annual fee is waived for the first year, which could be considered as “giving 3 months free.” Here are a few examples of credit cards that may offer a three-month free period as a promotional offer:
Chase Freedom Unlimited
This credit card offers a promotional 0% APR for the first 15 months on purchases and balance transfers. You can earn a $200 cash bonus after spending $500 on purchases in the first three months from account opening.
Blue Cash Everyday Card from American Express
This credit card offers a 0% intro APR on purchases for the first 15 months. You can earn a $200 statement credit after spending $1,000 in purchases on your new card within the first three months.
Capital One Venture Rewards Credit Card
This credit card offers a one-time bonus of 60,000 miles after spending $3,000 on purchases within the first 3 months of account opening, which can be redeemed for travel rewards. Depending on how you redeem the rewards, this could equate to a few months of free travel. You can redeem your miles for travel, gift cards, and more.
Discover it Cash Back
This credit card offers new cardholders a promotional period of 3 months with no annual fees and a 0% introductory APR on purchases and balance transfers. You can earn 5% cash back on rotating categories each quarter, up to the quarterly maximum, and 1% cash back on all other purchases. Plus, Discover will match all the cash back earned at the end of your first year.
Chase Freedom Flex
This credit card offers new cardholders a promotional period of 3 months with no annual fees and a 0% introductory APR on purchases and balance transfers.
Citi Double Cash
This credit card offers new cardholders a promotional period of 3 months with no annual fees and a 0% introductory APR on balance transfers.
Capital One Quicksilver Cash Rewards
This credit card offers new cardholders a promotional period of 3 months with no annual fees and a 0% introductory APR on purchases and balance transfers.
While these credit cards may waive the annual fee for the first year, they may still have other fees associated with them, such as foreign transaction fees or balance transfer fees. It’s important to carefully read the terms and conditions of any credit card offer before applying to fully understand any potential fees associated with the card.
How many times can I get a 0% credit card?
The number of times you can get a 0% credit card depends on several factors, including the specific credit card issuer and their policies, your creditworthiness, and the length of time since you last applied for a credit card.
Generally, there is no set limit to the number of times you can apply for a 0% credit card. However, applying for too many credit cards in a short period of time can have a negative impact on your credit score, as it may be viewed as a sign of financial instability or desperation for credit. Additionally, if you have a high amount of credit card debt or a low credit score, you may have difficulty getting approved for a new credit card, especially one with a 0% interest promotion.
It’s important to carefully consider whether a 0% credit card offer is right for you before applying and to use the promotional period wisely to pay off any high-interest debt or make large purchases without incurring significant interest charges. It’s also important to pay attention to the terms and conditions of the credit card offer, including any potential fees, and to make sure you can afford to make the minimum monthly payments on time to avoid penalties or interest charges.
How can I use my credit card without paying interest?
You can use your credit card without paying interest by paying your balance in full before the due date each month. If you pay your balance in full, you will not carry a balance from month to month, and you will not be charged interest on your purchases.
Another option is to take advantage of a promotional 0% interest period that some credit cards offer. During this promotional period, you can make purchases or balance transfers without incurring any interest charges as long as you pay at least the minimum payment due each month.
Here are some tips for using your credit card without paying interest:
- Pay your balance in full each month: This is the most effective way to avoid paying interest on your credit card.
- Set up automatic payments: Set up automatic payments to ensure that you pay at least the minimum payment due each month. This will help you avoid late fees and penalties.
- Use a credit card with a 0% interest promotional period: Look for a credit card that offers a 0% interest promotional period, and make sure to pay off the balance before the promotional period ends.
- Use your credit card for purchases you can afford to pay off: Only use your credit card for purchases you can afford to pay off in full each month.
- Avoid cash advances: Cash advances typically come with higher interest rates and fees, so it’s best to avoid them if possible.
- Monitor your credit card statements: Check your credit card statements regularly to make sure there are no unauthorized charges and to ensure that you are not being charged interest or fees that you were not expecting.
Conclusion
Overall, 0% interest credit cards can be useful for those looking to save money on interest payments or pay down high-interest credit card debt. However, it’s important to carefully consider the terms and conditions of any credit card offer, including any balance transfer fees, to ensure that the card is a good fit for your financial situation. Additionally, it’s important to use the promotional period wisely and avoid overspending to avoid getting into further debt.
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