Zero Percent Interest on Purchases, Which Cards Offer the Longest Intro Period
Zero interest credit cards offer a zero interest intro period where your balances won’t be charged with any interest fee. The lengthy zero interest period in the zero interest card makes it suitable for making a large purchases. You won’t have to pay back any interest if you manage to pay down the balance in full before the intro period ends. The following are the top 5 credit cards with the longest zero percent intro period.
1. Citi Simplicity Card
Citi Simplicity Card has the longest zero interest period that lasts up to 21 months. The advantage of the card is that it does not penalize cardholders who are late in making repayment with any penalty APR or late payment fees. Citi Simplicity Card does not have any rewards program. The normal variable APR that you will be charged when the zero percent intro period expires is 13.99% – 23.99%.
2. Chase Freedom
Chase Freedom is a cash back credit card that provides up to 15 months of zero percent intro period on purchases. Chase Freedom allows you to get a cash back of 5% for up to a maximum spending of $1,500 per quarter on condition that your expenses falls in the rotating bonus categories. You will still be able to earn a 1% cash back even if you didn’t spend money on items in the rotating bonus categories. The variable APR that you will be charged following the expiry of the intro period is 15.49% – 24.24%. Chase Freedom does not have annual fee.
3. Chase Slate
Chase Slate provides a zero interest period for purchases that lasts up to 15 months. It does not charge any annual fee and penalty APR. The APR interest that you will be charged when the zero interest period comes to and end is in between 15.49% – 24,24%. It provides free monthly FICO score for the card holders.
4. Discover It
Discover it Cashback Match is offering 14 months zero percent intro period on purchases. The card is rewarding cardholders with a cash back of 5% on rotating categories. The 5% cash back applies for expenses up to $1,500 in each quarter. Other purchases that you made with the card will also earn you a 1% cash back. The cash back you earn in the first year will be matched at the end of the year. The APR rate at the end of the zero percent intro period is 11.49% – 23.49%. Discover it Cashback Match has not annual fee and it is suitable for use in everyday spending.
5. Blu Cash Preferred Cad from American Express
Blu Cash Preferred Card from American Express offers a 12 months zero interest period. The card provides a 6% cash back for a maximum spending of up to $6,000 per year if you are spending money at selected supermarkets. You can also earn 3% cash back when you spend money at gas an department store. Other credit card purchases are qualified to earn a 1% cash back. The APR rate that applies when the zero interest period ends ranges from 13.49%-23.49%.