Looking for 0 interest credit cards that let you purchase and transfer your existing balance without being charged. This sounds interesting and amazing; however, it is important to understand how these credit cards work before applying. If you are excited to know everything, stay with us.
In the coming article, we will talk about the best 0 interest credit cards working process and what things we should consider before applying. So, do not jump anywhere else; stay with us to learn more.
How Do Zero-Interest Credit Cards Work
0 interest credit cards, also known as zero percent APR credit cards, are popular in the U.S and India because they allow users to borrow money without paying interest for a limited time period. Whether you are planning to pay off your debt or make a big purchase, these cards can become powerful tools when you use them correctly.
Moreover, this card offers no interest charge for a specific period. This promotional period applies to: –
- Your Purchases.
- Balance transfer
- Or both. Depending on your credit card.
Remember, this promotional period typically lasts anywhere from 6 to 21 months. During this period, any qualifying purchase of a balance transfer won’t accrue interest. One has to make the minimum payment every month to keep an offer active. Apart from this, once the period completes, APR automatically returns to the card’s regular variable rates.
Best 0 Interest Credit Cards For U.S. Users
Below we have mentioned some of the best 0 interest credit cards that offer zero percent APR on purchases, balance transfer, or both. To know more, check the list mentioned below.
- Wells Fargo Reflect Card – Offers zero percent APR for 21 months on purchases and qualifying balance transfers. This card is ideal for a long-term financial plan without interest. However, it comes with some drawbacks, like you will not receive any rewards.
- Chase Freedom Flex – Comes with 0 APR for 15 months on purchases and balance transfers. Offer attractive rewards and cashback, which makes it more valuable for users. However, it takes balance transfer fees of around 3 to 5%, one of the drawbacks of this card.
- Chase Freedom Unlimited – Offer 0% APR for 15 months and provide 1.5% cash back on every purchase. Ideal for those who are looking for flexible cashback and interest-free periods.
- Citi Custom Cash Card – 0% APR for 15 months on every purchase and balance transfer. Provide attractive cashback up to 5% spending on your eligible category.
These are some of the best 0 interest credit cards for U.S users. Furthermore, once the APR period ends, the regular APR might be high.
0% Interest credit cards for Indian Users
Below, we have mentioned some of the best credit cards for Indian users with their quality and offers. Have a look at it.
- ICICI Bank Credit Cards – ICICI Bank credit cards offer no extra cost EMI on selected spend or tenures on eligible purchases. However, it is important to understand that “No cost EMI” often means the interest is factored as a discount from the merchant. So this is why it is important to check the fine print and processing fees.
2. HDFC Bank Easy EMI Card – HDFC allows users to convert their purchases into 3 to 24 months with zero extra cost, which makes it ideal for big-ticket purchases. However, there are minimal processing fees for some tenures.
- Axis Bank My Zone Credit Card – The card supports 0% interest rate on several EMI partner transactions like electronics, fashion, and travel. Lifestyle shoppers who frequently buy new dresses to follow trends.
These were some of the best 0 interest credit cards for Indian users that can help to save a handsome amount on every purchase.
Benefits of 0% APR Credit Cards
Using a 0 interest credit cards offers several benefits and allows you to save a handsome amount on every purchase or balance transfer. Below, we have listed some of the benefits of using 0% APR credit cards.
- Allow users to save money on interest.
- Pay credit card debt faster.
- Get time to repay high-ticket purchases.
- Help to improve credit score.
- Build a positive credit history with on-time payment records.
These are some of the benefits of using the best 0 interest credit cards around the world.
Things To Consider Before Applying 0 Interest Credit Card
There are some important points that everyone should consider before applying for a credit card. Below we have listed those points for you. Have a look at it.
- Length of the introductory 0% APR period. Remember, the longer the period, the more time you get to pay your debt.
- Check what the 0% APR applies to, and is it covers your preference or not.
- It is important to check balance transfer fees. In the U.S, most of them charge a 3 to 5% transfer fee.
- Remember, the minimum monthly payment requires even 0% APR. You will have to pay a monthly payment without delay.
- Check your credit score before applying for a 0% APR credit card. Because often issuers demand good or excellent credit scores.
- Check about fees, besides the balance transfer fee, check the annual fee, late fee, and foreign transaction fee for clarity.
These were some of the points that everyone should consider before applying for 0 interest credit cards.
Conclusion
The best 0 interest credit cards not only help individuals to manage their expenses smartly, but also allow them to save a handsome amount. This helps to pay your debt on time and build a good or excellent credit score. Apart from this, 0% interest APR gives you time to pay your high-ticket purchases easily without payment delay.
Therefore, it is not only good for personal expenses, but also suitable to build a better credit history so that you can get a loan easily in the future. However, before applying for any card, always read all the terms and conditions and its fee structure. It helps individuals to make a confirmed decision.
Discalimer
The information provided on this website is for general guidance on credit cards, loans, and insurance products. We do not provide financial, legal, or professional advice. Product features, eligibility, and terms may change anytime, so users should verify details directly with the provider before applying. We may earn commissions through affiliate links, but this does not influence our reviews or recommendations. Users are responsible for their own financial decisions based on their personal situation.
Hi, my name is Sachin. I am currently studying Economics in college and have a strong interest in personal finance topics like credit cards and loans. Along with my studies, I work as a content writer, where I create educational and easy-to-understand content to help readers better understand financial topics and make informed choices.
