Credit cards can become one of your greatest assets if you are looking forward to purchasing a new item or consolidating an old loan. However, these financial cards are well known for having some of the highest interest rates compared to other financial products. It is worth noting that some of the best credit cards charge no interest on balance transfers, new purchases, or both for very long periods, with some up to 24 months. Show
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Currently, there are no 0% APR credit cards for up to 24 months. The closest offer you will find is a 0% interest credit card for up to 23 months on both billing transfers and purchases. It is, however, noteworthy that some credit cards, such as the Amazon.com Store Card, charge no interest for 24 months or even longer. However, this is not true interest, but deferred interest. With deferred interest, if you fail to pay off your full balance by the end of your promotional period, you will be required to pay the accrued interest over the 24 months at the regular interest rate of the credit card. Read along to discover the best credit cards with the longest 0% introductory APR periods. How 0% APR Credit Cards WorkA 0% APR credit card charges no interest for a predetermined amount of time, usually 12-24 months. During this introductory period, you will carry out balance transfers and new purchases at no charge. You can use these cards to consolidate your credit card debt. Furthermore, to qualify for most 0% APR credit cards, you will need to have a good or excellent credit score. If you have fair or poor credit, you will have a very hard time qualifying for a credit card interest-free period. The following are some viable alternatives to 0% introductory APR credit cards for 24 months: Wells Fargo Reflect® CardWells Fargo Reflect® Card Learn MoreThe Wells Fargo Reflect Card is ideal for individuals interested in simplicity and a good zero-APR offer. If you are looking for a card with a long introductory APR offer, this is the right card for you. New cardholders will be entitled to more than a year and a half of 0% introductory APR on qualifying balance transfers and purchases. What’s more, if you use this card to pay your monthly cell phone bill, you will receive up to $600 phone protection upon paying a $25 deductible. Cardholders are allowed to make a maximum of two claims per year. As mentioned, the Wells Fargo Reflect card offers 0% introductory interest on purchases and qualifying balance transfers for up to 21 months. This card charges an introductory fee of 3% for the first 120 days after opening your account and then 5%. Wells Fargo Reflect Card further charges 15.24% to 27.24% variable APR on balance transfers and purchases. Pros
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U.S. Bank Visa® Platinum CardU.S. Bank Visa® Platinum Card Learn MoreThe U.S. Bank Visa Platinum Card offers a very long introductory APR period of up to 18 billing cycles. After the fact, you will be charged a variable APR, which now stands at 17.49%-27.49%. Cardholders are also entitled to up to $600 phone protection coverage against damage or phone theft when they use their U.S. Visa Platinum Credit Card to pay monthly phone bills (terms and conditions apply). Additionally, even though there is a $5 or 3% fee. The card also allows you to select a payment due date that is compatible with your schedule. Pros
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Citi® Diamond Preferred® CardCiti® Diamond Preferred® Card Learn MoreIf you are looking to consolidate your debt and make payments over time, you will enjoy Citi Diamond Preferred Card's long introductory period on bank transfers. This card has a 0% APR for 21 months on balance transfers from the first date of transfer and 0% introductory APR on all purchases for 12 months from the date the account was opened (then 16.74% - 27.49% variable APR). The cardholder will also charge you a $5 balance transfer fee or 5% of the total amount of every transfer, whichever is more. For a limited time: earn a $150 Statement Credit after you spend $500 on purchases in the first 3 months of account opening. You can also use the Citi Diamond Preferred card to shop with confidence because you will be entitled to dependable protection benefits, which will be inclusive of 0% liability on unauthorized purchases. What’s more, the Citi Flex Plan offers a standard variable APR of 16.74% - 27.49%, according to your creditworthiness. Pros
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Chase Freedom Unlimited®Chase Freedom Unlimited® Learn MoreChase Freedom Unlimited® is a great spending card. The card allows you to hold a balance on new purchases with a fairly low introductory APR. As part of the introductory offer, you will receive an additional 1.5% cash back on your purchases (this is applicable to up to $20,000 you spend in the first year after account opening). You will also be entitled to a 5% cash back on all travel bought through Chase Ultimate Rewards. This is Chase Bank's premier rewards program that allows you to redeem your rewards for cash or gift cards, and a whole lot more. Another 5% cash back on Lyft purchases (through March 2025), 3% cash back on dining and on drugstore purchases, and 1.5% all other purchases. The Chase card charges no interest for 15 months after account opening on balance transfers and purchases, then a variable APR of 18.74% - 27.49%. Pros
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Citi Simplicity® CardCiti Simplicity® Card Learn MoreCiti Simplicity Credit Card offers a 21-month 0% introductory APR period on balance transfers and a 12-month 0% introductory period on purchases from the first day of account opening. After this period, a variable APR will be charged at 17.74% - 28.49%, according to your creditworthiness. You should complete your balance transfers within four months of account opening. Will also charge you a $5 balance transfer fee or 3% (whichever is greater) of the total amount of every transfer completed within the first 4 months of account opening. You can also protect yourself with Citi Quick Lock and enjoy $0 on unauthorized charges. Pros
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Citi® Double Cash CardCiti Double Cash Card offers a 0% introductory APR rate for the first 18 months on balance transfers. This intro APR offer is not applicable for purchases. After this, you will be charged a regular APR of 17.74%-27.74% variable on balance transfers and purchases. Pros
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How to Extend Your No Interest Offer on Your Credit CardPaying the full amount of your credit card debt before the end of your 0% introductory APR offer is the ideal case scenario. Yet, we all know that this does not often happen. If you still have a balance at the end of your promotional period, you can use these strategies to extend the no interest offer on your credit card: 1. Contact your issuerIt will be very unlikely for your issuer to extend the 0% introductory APR if you have not paid your debt in full because card issuers use variable interest to make money. However, if you have had no trouble paying off your debt and have no balances, your card issuer may consider extending your introductory period. 2. Apply for a new credit card with a different issuerWhen your credit card interest-free APR period expires and you still haven't finished paying off your debt, you can apply for a new 0% introductory APR with a different card issuer. However, before you proceed with your application process, make sure that your card comes with the same 0% introductory APR. Also, make sure that you can transfer your existing balance to your new card. Final Thoughts on No Interest Credit Cards for 24 MonthsNo interest introductory APR credit cards for 24 months or close to it are a good way to build your credit score. When selecting the 0% APR credit card for yourself, look for the card with the longest APR offer, remember to check for fees, evaluate the perks you want, take into account your spending style, and get to understand the ongoing variable APR. It is also worth noting that while 0% interest credit cards for up to 24 months on purchases can be an efficient way to finance, you need to be very cautious when using one to avoid building up debt that you cannot pay. Post ID: 1AKKgq1mp Category ID: OM3w2rA To find all the details about the terms and conditions of an offer, check the online credit card application. We put a lot of effort to present you accurate and up-to-date information; however, we do not guarantee the accuracy of all credit card information presented. Editorial Disclosure: All reviews/opinions expressed here are author's alone, and have not been reviewed, approved, or otherwise endorsed by any advertiser included within our content. The information presented on this page is accurate as of the posting date; however, some of the offers mentioned below may have expired. Check the issuer's website for the most recent information. The responses below are not provided, commissioned, reviewed, approved, or otherwise endorsed by any financial entity or advertiser. It is not the advertiser’s responsibility to ensure all posts and/or questions are answered. Can you get a 0% APR credit card?A 0% APR credit card can be useful for consolidating existing credit card debt or making a large purchase. Such cards offer interest-free periods, which typically range from six months to nearly two years, during which you're not being charged interest on your purchases, balance transfers or both.
Which bank gives easiest credit card?best instant approval credit cards in India. HDFC Bank instant approval credit card. ... . Bajaj Finserv RBL Bank super card. ... . Kotak 811 #Dream Different credit card. ... . Standard Chartered virtual credit card. ... . SimplySAVE SBI credit card. ... . Axis Bank Insta Easy credit card.. Does applying for a credit card hurt your credit?Applying for a new credit card can indeed hurt your credit score. According to FICO, a hard inquiry — when a card issuer pulls your credit after you apply — can lower your score by five points or fewer. However, the impact is temporary.
What does 0 for 20 months mean on a credit card?A 0% purchases card is a credit card that doesn't charge any interest on your new spending during a promotional period that can last from 1 month up to 20 months or more.
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