0% Interest Cards With the Best Intro Periods in 2013


VISA credit card0% interest credit cards are a bit of a misnomer, since no credit card offers 0% interest forever. That would be cool, huh?

Credit cards billed as 0% interest cards actually refer to the intro periods these cards use as sign-up incentives. The best intro periods are the ones that charge no interest on purchases and balance transfers for a specific period of time.

Obviously, you want to to pay no interest for as long as you can, making the best 0% interest cards the ones with the longest intro periods. These cards are especially useful for consumers hoping to transfer their credit debt from one card with high interest to a new, zero interest credit card.

This is the most popular way to eliminate interest fees without paying back all of your credit at once. However, because some consumers have more credit debt than others (a recent report from the credit bureau TransUnion said that the average borrower owed close to $5,000 in credit debt alone), the best 0 interest credit cards are the ones with the longest introductory periods.

So if you’re hoping to save money on interest fees in the coming year, consider transferring your credit debt to one of the 0% interest credit cards below with the longest intro periods.

  • Discover itâ„¢ Card â“ 18 Month Balance Transfer

No 0% interest balance transfer card on the market today has a longer intro period than 18 months. That said, a full year-and-a-half is a generous amount of time to pay back your credit debt interest-free.

There are only a handful of 18-month intro period credit cards, and the new Discover itâ„¢ – 18 Month Balance Transfer Card is simply one of the best. An upgrade to their popular More ® Card series, Discover itâ„¢ offers cardholders a lucrative rewards program, with 5% cash back opportunities on rotating categories, and 1% cash back on all other purchases.

It’s also especially useful for jet-setters since it charges no foreign transaction fees (as opposed to the usual 3%), and there’s no annual fee and they’ll even waive the fee on the first late payment you make (it’s $35 thereafter).

But this credit card from Discover is most useful thanks to its 0% intro period. If you’re hoping to back credit debt over time, you literally won’t find a better offer than the one afforded by the Discover itâ„¢ â“ 18 Month Balance Transfer Card.

  • Citi Simplicity Card

No credit card with 0% interest for 18 months is better suited for the consumer looking to simplify and consolidate their debt than the Citi Simplicity Card.

Like it’s name, this Citi card makes transferring debt simple; no interest on purchases and balance transfers for 18 months, no annual fees and â“ best of all â“ no late payment fees! OK, you should really avoid late payments since they’ll hurt your credit score, but it’s nice to know your wallet won’t get docked, too.

The only knock on this credit card with no interest is that it doesn’t offer a rewards program. That said, this an easy credit card to monitor in terms of payments and fees, and is one of the very best if your main goal is to alleviate credit debt in 2013.

  • Slate from Chase â“ No Balance Transfer Fee

Finally, the Slate from Chase â“ No Balance Transfer Fee Card is popular because, like its name makes mention of, it’s the only card on the market today that doesn’t charge a fee when you transfer a balance.

The average balance transfer fee is 3% of the total balance you plan on transferring. (That’s also the rate used by the aforementioned 0 interest cards above.) Slate from Chase â“ No Balance Transfer Fee is the only card that offers a balance transfer to its card free of charge. Note that no fee balance transfers are only eligible when made within 60 days of the credit card account opening.

The intro period attached to this card is slightly shorter â“ 15 months â“ but the fact that it waives the standard balance transfer fee make it one of the three best 0% interest credit cards of 2013.

This guest post was written by  Jason Bushey. Jason is a personal finance blogger and the editor of Creditnet.com.

photo by dahlstroms

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