How to Use a 0% APR Credit Card to Pay Off Debt
Here are some of the best 0% APR credit card offers in the US for August 2023:
The 0-interest credit card offers
- Wells Fargo Reflect® Card: This card offers a 0% intro APR for 21 months on purchases and balance transfers. There is no annual fee, and balance transfers made within 120 days of account opening qualify for the intro APR. However, there is a 5% balance transfer fee, with a minimum of $5.
- Citi Simplicity® Card: This card offers a 0% intro APR for 21 months on purchases and balance transfers. There is no annual fee, and balance transfers made within 180 days of account opening qualify for the intro APR. There is also no late payment fee, which can be helpful if you have trouble making your payments on time.
- Citi® Diamond Preferred® Card: This card offers a 0% intro APR for 20 months on purchases and balance transfers. There is an annual fee of $95, but it is waived for the first year. Balance transfers made within 180 days of account opening qualify for the intro APR. There is also a 3% balance transfer fee, with a minimum of $5.
- U.S. Bank Visa® Platinum Card: This card offers a 0% intro APR for 18 months on purchases and balance transfers. There is no annual fee, and balance transfers made within 60 days of account opening qualify for the intro APR. However, there is a 3% balance transfer fee, with a minimum of $5.
- Capital One SavorOne Cash Rewards Credit Card: This card offers a 0% intro APR for 15 months on purchases and balance transfers. There is no annual fee, and balance transfers made within 15 months of account opening qualify for the intro APR. However, there is a 3% balance transfer fee, with a minimum of $5.
When choosing a 0% APR credit card, it is important to consider the following factors:
- The length of the intro APR period.
- The annual fee.
- The balance transfer fee.
- Any other fees, such as late payment fees or foreign transaction fees.
- The rewards program, if any.
It is also important to make sure that you can qualify for the card. Most 0% APR cards require good to excellent credit.
If you are looking for a way to save money on interest or pay off debt, a 0% APR credit card can be a great option. However, it is important to use the card responsibly and pay off your balance in full before the intro APR period ends. Otherwise, you could end up paying a lot of interest.
Here are some tips for using a 0% APR credit card responsibly:
- Set a budget and stick to it.
- Only use the card for purchases that you can afford to pay off in full before the intro APR period ends.
- Make sure you understand the terms and conditions of the card, including the balance transfer fee and any other fees.
- Pay your bill on time and in full every month.
If you follow these tips, you can use a 0% APR credit card to your advantage and save money on interest.
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