zero credit credit card

Avoid interest on your credit card purchases by comparing the best 0% deals.

What Approach Should Be Taken On 0% Interest Introductory Rates on Credit Cards

Credit card companies are known for making solid deals to potential applicants. Everyone wants to save money or access a perk when using a credit card. High interest rates make saving money on charges difficult. 0% interest introductory rates, however, are as good as.

Is It Wise to Transfers Balances to 0% APR Cards When Interest Begins?

Debt is an American reality for many families. The average family lives with more than $16,000 in credit card debt alone. That’s substantial when you take into account how many other debts the average family carries. A mortgage payment, car payments, and more are.

The Truth About Deferred Interest Credit Cards

If you have debt, you might be intrigued by the idea of paying no interest on your debts by transferring balances to other cards. It’s a great alternative means to debt consolidation for many Americans who do live with debt, and it’s how many families end up getting.

The Best 0% APR Introductory Period Credit Cards Available

Credit card perks aren’t exactly famous for being overwhelming. There are cards companies that offer exciting perks from time to time, and there are card companies that have more benefits than others, but most of them don’t offer anything so overwhelming you can’t.

Obtaining a Zero Interest Credit Card After Bankruptcy

Having a zero interest credit card can be appealing because it allows you to transfer large balances from high interest cards and make substantial purchases without an interest rate to deal with. For individuals who have declared bankruptcy within the past 10 years.

Be Careful of Introductory Zero Interest Credit Cards

Credit card companies often use introductory tactics to bring in new customers, offering a zero percent interest rate period as part of its initial perks. You might find a company offering sign-up bonuses like rewards points, cash gifts and airline mileage to attract.

Is There a Limit to the Number of Zero Interest Cards Someone Can Hold?

0% credit cards present a fantastic deal to those who need to borrow on a card’s account while avoiding interest charges. 0% credit cards are limited to an introductory period. After that introductory period, the interest rate kicks in. One way to keep a.

Citi Simplicity Card 21-Month 0% APR Introductory Period Overview

Debt is an American reality for many families. The average family lives with more than $16,000 in credit card debt alone. That’s substantial when you take into account how many other debts the average family carries. A mortgage payment, car payments, and more are.


zero credit credit card

I like the idea of leaving a dollar or two on there. I don’t know though. I have kind of anecdotal evidence of both. Now, if you’re worried about your credit score, then maybe leave the dollar on there. Because some of the older credit scoring models do penalize you for having no outstanding credit and no recent utilization.

The thing is, they can’t tell you have utilization. Because if you run it up and pay it off and they just always get $0, $0, $0, $0 every month reported to them it looks like you’re just not using it. When in reality, you’re running it up. Paying it off. Running it up. Paying it off. But they don’t see that if you’re making the payment the way you’re supposed to. The way I recommend before the statement drops.

But this is only when we’re worried about our credit score. So there’s two phases in life. I mean when you’re just plug-in along and you’re not going to be borrowing any money the next 30 days, it doesn’t really matter. You can pay down to $0 at the statement due date.

Should You Pay Your Credit Card Balance to Zero Each Month?

The only time it matters, the only time you should pay it before the statement drops and leave $1 or $2 on there, is when you know you’re going to be needing your credit.

If you know you’re going to be buying a car next month. And again, if we’re financial ninjas and we’re planning ahead, we’re not just on a whim rushing out there and buying a car. We’re following the three day rule. We’re planning ahead. We’re making good decisions. We’re budgeting. We’re not going to find ourselves in a situation where we unexpectedly need to apply for credit.

I would say for normal course of life, just pay the thing off. It’s easier to do. And that way there’s $0 and there’s no interest. And that’s going to save you the most money. But if you think you may end up applying for credit, maybe leave a buck on there or something. But make sure you do pay it down before the statement is printed. Because once they print and mail the statement or once they generate the PDF, that’s the amount that gets reported on your credit.

If you think about timing wise, a lot of people will charge about $1,000 on their card and they generate the PDF. We get it in the mail or via our phone and then we pay it off. The credit bureau doesn’t see that because they only get the dollar amount that was owed when the PDF was generated or the statement was printed.

So if you want to have that dollar balance or zero balance, you have to make the payment the day before the statement is printed. Which is not the due date. The due date it’s not for like another 20 days. This is before the payment statement is even generated. If you want to have that loan balance reported on your credit.

So we really don’t have a definitive answer. FICO does not give us the exact formula. From my own personal testing I can tell you that some of the scores reward you for having $1 or two small balance. Because, then they know you use it and it’s not just always zero and like you’ve cut them up.

What to do with a Zero Balance Credit Card

I heard this somewhere on the way. I don’t know who originally came up with this idea. It was not me, but I’m a fan of it. So instead of cutting your credit cards up, you freeze them in a block of ice. So if you don’t want to use your credit cards, take them and put them in a glass of water. And then put them in the freezer and freeze them in that water.

So now if you need them you have to thaw them out. And so it gives you time to think about it. You can’t put them in the microwave because they’re plastic.

So you’ve got like run some water over them or like in there with the ice pick trying to chisel the cars out of the block of ice. But it gives you enough time to really think of like, do I really want this purchase bad enough? Like you’re at home watching the infomercial on the Ginsu knives and you ask yourself, “do I really want them bad enough to go in there and thaw out the stupid block of ice Robert Palmer made me do.” And then refreeze them afterwards. You’re thinking, “no it’s not worth it.”


Top 6 Best 0 Interest Credit Cards | 2017 Ranking | Top No-Interest, 0% Purchase, 0 Percent Credit Cards (Reviews)

TOP RANKING BEST 0 INTEREST CREDIT CARDS

Finding the Best No-Interest Credit Cards Saves Real Money

Everybody wants credit, but nobody wants high interest rates. The largest downfall to using credit cards is the high interest that makes it difficult to pay off your balance. This is why finding the best 0 interest credit cards is so important.

Zero credit credit card

Award Emblem: Top 6 Best Zero Interest Credit Cards

To help with this process, we have created this 2017 guide to the top credit cards with no interest on purchases. And we are here to help you find not only the best 0 purchase credit cards, but also those credit cards with 0 interest that offer other special features, including:

  • 0 interest credit cards with cash back or rewards
  • No-interest credit cards with low APR rates after the introductory period
  • Best no-interest credit cards for balance transfers
  • And more

If you are in the market for one of the best 0 interest credit cards, look no further than our guide. You will be on your way toward saving real money and paying off your credit card balance quickly.

Who Are the Best 0 Interest Credit Cards for?

These 0 purchase credit cards are a must for people who know they will carry a balance from month to month on their credit cards.

When you carry a balance, you will be charged an annual percentage rate (APR) on whatever amount you have not paid off. These rates can be extremely high and make it hard to pay off your balance.

Zero credit credit card

This is why finding one of the best 0 interest credit cards is so important for those who keep a balance on their credit card. You only pay toward the balance each month instead of toward interest.

While there may be better cards than the no-interest credit card offers that offer incredible cash back deals or travel rewards, these cards often come with higher APR ranges to compensate for the perks. They are best for people who know with certainty that they will pay off their balance each month.

AdvisoryHQ’s List of the Top 6 Best 0 Purchase Credit Cards

List is sorted alphabetically (click any of the credit card names below to go directly to the detailed review section for that credit card):

Top 6 Best No-Interest Credit Cards | Brief Comparison & Ranking

0% APR Introductory Offer Length

APR After Introductory Rate

Chase Freedom® Credit Card

Chase Slate® Credit Card

Citi Simplicity® Card

HSBC Platinum MasterCard® Credit Card

Wells Fargo Rewards® Card

Table: Top 6 Best 0 Interest Credit Cards | Above list is sorted alphabetically

Don't Miss: High Yield Bank Accounts

Is There Really Such a Thing as No-Interest Credit Card Offers?

It may seem like finding credit cards with no interest is too good to be true. But while you won’t be finding any 0 interest credit cards that stay that way for years and years, you can use the best 0 purchase credit cards for quite a few months, maybe even a year.

This is how it works: credit card companies make their money off your fees and interest payments. They want as many people to open cards as they can, so they will give you an incentive to open a card.

With that 0 percent credit card offer for a certain number of months, you will be more likely to purchase that large item (or number of items) in hopes of paying it off by the end of the introductory APR. The credit card companies hope, of course, that you do not pay off your 0 purchase credit cards.

But if you use the 0 interest credit cards wisely, you can take real advantage of the zero percent without losing with high APR payments later. So no, you may not be able to find no-interest credit cards for 24 months or longer, but you can still use the best 0 interest credit cards for quite some time.

AdvisoryHQ’s Selection Methodology

What methodology does AdvisoryHQ use in selecting and finalizing the credit cards, financial products, firms, services, and products that are ranked on its various top rated lists?

Please click here “AdvisoryHQ9rsquo;s Ranking Methodologies” for a detailed review of AdvisoryHQ’s selection methodologies for ranking top rated credit cards, financial accounts, firms, products, and services.

Detailed Review – Top Ranking Best No-Interest Credit Cards

Below, please find the detailed review of each credit card on our list of 0 percent credit cards. We have highlighted some of the factors that allowed these no-interest credit card offers to score so highly in our selection ranking.

First card on our list for the best 0 interest credit cards is the BB&T Bright® Card. What makes this one of the top no-interest credit card offers is that you get 0% interest for 15 months, then a very low APR range after the introductory period.

With this BB&T card, it is possible to get an APR as low as the single digits (8.40%). Of course, the rate on this 0 percent credit card depends upon your creditworthiness. But for those who may not finish paying off their balance by the end of the no-interest credit card offers, you cannot beat this APR range.

Best 0 Purchase Credit Cards #1: The Other Highlights

  • Zero fraud liability
  • Travel assistance and accident insurance
  • Easy 24/7 access to online banking
  • Access to automatic bill payments ​

Chase Freedom® Credit Card Review

When it comes to the best no-interest credit cards, sometimes you are looking for more than just free interest. With the Chase Freedom® Credit Card, you get a 0 percent credit card for 15 months, but you also get a great cash back program.

All of your regular purchases through the Chase Freedom® card will earn you 1% cash back. But with this 0 percent credit card you can also earn 5% cash back on up to $1,500 within the special categories each quarter. This makes it one of the top credit cards with 0 interest for earning money.

Best 0 Purchase Credit Cards #2: The Other Highlights

  • Reward redemption flexibility
  • $150 cash back when you spend $500 within the first 3 months of opening your account
  • Zero liability protection
  • Extended warranty protection ​

Next up on our list of the best 0 interest credit cards is the Chase Slate® Credit Card. Not only will you get the advantage of choosing one of the credit cards with 0 interest for 15 months, you also get a great deal when it comes to balance transfers.

The APR of these no interest credit cards, 0% for 15 months, extends to balance transfers, too. Also, as long as you make the balance transfer within 60 days, you will not even have to pay any fees. If you want to make a balance transfer, Chase Slate® is the right 0 percent credit card for you.

Best 0 Purchase Credit Cards #3: The Other Highlights

  • Monthly free FICO score
  • No APR penalty (late payments will not raise your rates)
  • Zero liability protection
  • Embedded chip for security

Without a doubt, the card with the longest introductory offer on our list of the best no-interest credit cards is the Citi Simplicity® Card. This card offers 0% interest for 21 months, the closest to no-interest credit cards for 24 months that you can get.

Considering many credit cards do not even offer a 0% APR introductory offer, and those that do often offer that deal for 12 to 15 months, having nearly two years at 0% with this 0 percent credit card makes it one of the most incredible credit cards with no interest you could apply for.

Best 0 Purchase Credit Cards #4: The Other Highlights

  • No late fees
  • No APR penalty
  • No annual fee
  • Easy access to customer service ​

HSBC Platinum MasterCard® Credit Card Review

The next card on our list of the best 0 interest credit cards has the next best introductory offer, right after the above Citi card. When it comes to 0 interest credit cards, the HSBC Platinum MasterCard® Credit Card offers 0% APR for 18 months.

The long, 18-month introductory APR rate from these credit cards with 0 interest applies toward balance transfers, too, though you will still have to pay an initial 4% fee. Still, the length makes this one of the top 0 percent credit cards on the market.

Best 0 Purchase Credit Cards #5: The Other Highlights

  • Other family members can get free copies of the card
  • No foreign transaction fee
  • Roadside assistance
  • No liability on any unauthorized purchase

Wells Fargo Rewards® Card Review

Last up on our list of the best no-interest credit cards is one of the top options if you want 0 purchase credit cards with rewards. The Wells Fargo Rewards® Card will give you 15 months of no interest, plus you can earn rewards points at the same time.

Most purchases with these 0 percent credit cards can earn you 1 point. The purchases you make for the first six months with these credit cards with 0 interest on gas, grocery, and drugstore will make you 5 times the points. This is a great way to earn travel rewards or gift cards as you take advantage of the no-interest credit card offers.

Best 0 Purchase Credit Cards #6: The Other Highlights

  • Reward point flexibility
  • Auto rental damage waiver
  • Travel accident insurance
  • Roadside dispatch

Conclusion – Top 6 Best 0 Purchase Credit Cards

Now that we have gone over the top 6 best 0 interest credit cards for 2107, it is now time for you to decide which credit cards with no interest will work for you and your finances.

To choose the best no-interest credit cards, start by asking yourself questions such as:

  • Will I be able to pay off my balance at the end of the introductory article? If not, then you should choose one of the 0 interest credit cards with a lower APR range.
  • Do you want to earn travel perks or cash along with your 0 interest? Then you should choose one of the no-interest credit cards with rewards or cash back policies.
  • Do you need to do a balance transfer? Then you should choose one of the best no-interest credit cards that also give balance transfer perks.
  • Do you think it will take you a while to pay off your balance? Then you should choose one of the top 0 percent credit cards with a long 0% introductory rate.

While it may not be feasible to get many no interest credit cards for 24 months, you can still benefit from 0% for quite some time. Before you know it, you will have chosen the best no-interest credit cards for yourself and your money needs for 2017.

Reasonable efforts have been made to present accurate information, however all info is presented without warranty. Review AdvisoryHQ’s Terms for details. Also review each firm’s site for the most updated data, rates and info.

Note: Firms and products, including the one(s) reviewed above, may be our affiliates. Click to view our advertiser disclosures.