Credit Cards 0 Apr First Year

The Best 0% APR Credit Cards for 2021

Hello Friends, welcome to our article about the best 0% APR credit cards of the year. Interest rates can be a major burden when it comes to credit card debt, which is why many people opt for a 0% APR credit card. These cards offer an introductory period where you won’t be charged interest on your purchases or balance transfers. In this article, we will discuss the top 0% APR credit cards available in 2021 and how they can benefit you.

Benefits of 0% APR Credit Cards

A 0% APR credit card can benefit you in many ways. Firstly, if you have a large purchase coming up, such as a home renovation or a vacation, a 0% APR card can help you finance it without accruing interest charges. Secondly, if you have existing credit card debt, a 0% APR card can help you transfer your balance and pay it off without interest charges. Thirdly, if you are trying to build your credit score, a 0% APR card can help you establish good credit habits if used responsibly.

Top 0% APR Credit Cards for 2021

Let’s take a look at some of the best 0% APR credit cards available in 2021.

1. Chase Freedom Unlimited

The Chase Freedom Unlimited card offers a 0% APR introductory period on both purchases and balance transfers for the first 15 months. After that, the standard variable APR of 14.99% – 23.74% applies. This card also offers 1.5% cash back on all purchases and a sign-up bonus of $200 after spending $500 within the first three months of account opening.

Pros:
  • Generous cashback program
  • No annual fee
  • Introductory APR on both purchases and balance transfers
Cons:
  • Fair credit required for approval
  • Balance transfer fee of 5% (or $5, whichever is greater)

2. Citi Diamond Preferred

The Citi Diamond Preferred card offers a 0% APR introductory period on purchases and balance transfers for the first 18 months. After that, the variable APR will be 13.74% – 23.74%. This card also offers special access to presale tickets and VIP packages for concerts, sports, dining experiences, and more.

Pros:
  • No annual fee
  • Long introductory APR period
  • Access to presale tickets and VIP experiences
Cons:
  • Balance transfer fee of 3% (or $5, whichever is greater)
  • No rewards program

3. American Express Cash Magnet Card

The American Express Cash Magnet Card offers a 0% APR introductory period on purchases for the first 15 months. After that, the variable APR will be 13.99% – 23.99%. This card also offers 1.5% cash back on all purchases and a sign-up bonus of $150 after spending $1,000 within the first three months of account opening.

Pros:
  • Generous cashback program
  • No annual fee
  • Introductory APR on purchases
Cons:
  • Balance transfer fee of 3% (or $5, whichever is greater)
  • American Express not accepted everywhere

How to Choose the Best 0% APR Credit Card for You

Choosing the best 0% APR credit card for your needs can be a daunting task. Here are some things to consider when making your decision:

1. Introductory Period

The length of the introductory period can vary from card to card, ranging from six months to 21 months. Choose a card with a period that gives you enough time to pay off your debt or make your large purchase.

2. Fees

Most 0% APR cards charge a balance transfer fee, which is typically around 3-5% of the balance transferred. Make sure to factor this in when considering the cost of your balance transfer.

3. Rewards Program

If you plan on using your card for everyday purchases, consider a card with a rewards program that suits your spending habits.

4. Credit Score Requirements

Some 0% APR cards require a higher credit score for approval. Make sure to check the requirements before applying to avoid a hard inquiry on your credit report.

The Bottom Line

A 0% APR credit card can be a great tool for financing large purchases or paying off debt without accruing interest charges. When choosing the best 0% APR credit card for your needs, consider the introductory period, fees, rewards program, and credit score requirements.

Thank you for reading our article about the best 0% APR credit cards for 2021. We hope you found it informative and useful. See you in our next article!

Credit Cards 0 Apr First Year

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