Are you looking for credit cards that have low or 0 interest on them? If you want to reduce your debt or wish to make some big purchases, then cards with low interests are your best bet. Just have a look at these top credit cards of 2016 with 0 interest.
Top 0 interest credit cards of 2016
- Citi Diamond Preferred Card
The Citi Diamond Preferred Card is the best 0 interest credit card, as it offers 0% interest rates till 21 months.
- Other benefits: Free access to your FICO scores and 24/7 concierge services, so that you can book you flights, hotel rooms, etc. anytime
- It requires excellent credit to apply
- Balance transfer fees: 3% of the total balance transfer amount or $5, whichever is greater
- $0 liability on Citi Identity Theft Solutions and unauthorized purchases
- APR: You receive 0% introductory APR on purchases and balances transfers for 21 months. Thereafter, you must pay a variable APR between 12.24% and 22.24%, depending on your creditworthiness
- Annual fees: $0
- Chase Freedom
The Chase Freedom credit card is one of the best credit cards of 2016 with low interests. It is most used for its ongoing rewards and a nice sign-up bonus.
- Sign up bonus: When you sign up for Chase Freedom card, you get a sign up bonus of $150 after spending $500 on purchases in the initial 3 months of opening your credit card account. You can also earn an additional bonus of $25, when you make a purchase and add an authorized user within the first 3 months
- Annual fees: $0
- APR: You receive 0% APR for the first 15 months of your account opening on purchases as well as balance transfers. This allows you to pay your debt much faster. After this period finishes, you need to pay a variable APR between 14.24 and 23.24%, depending on your creditworthiness
- Cash back: You get 5% cash back on purchases for different bonus categories that change in every quarter of a year after you spend up to $1,500 per quarter, in addition to automatic 1% cash back on every other purchase. After every 3 months, the cash back categories change, such as gas stations, select grocery stores, restaurants, etc. These rewards never expire till your account remains open
- Balance transfer fees: You need to pay $5 or 3% of the total balance transfer amount, whichever is greater in order to transfer your balance from your non-Chase credit card. And, if you usually carry a balance on your credit card, then you must find a nice balance-transfer offer from a different card issuer
- Foreign transaction fees: 3%
- It requires excellent to good credit score to apply
- Citi Double Cash Card
The Citi Double Cash Card is one of the other credit cards in the 0 interest category. This is a nice credit card for purchases with its double cash back offer.
- The Citi Double Cash Card provides twice cash back on your every single purchase. You receive unlimited 1% back on purchasing anything and an extra 1% when you pay for your purchased item
- APR: The card charges 0% introductory APR on purchases as well as balance transfers for 15 months. After this period gets over, you need to pay a variable APR between 13.24% and 23.24%, as per your creditworthiness
- Annual fees: $0
- There are no caps, no category restrictions, and no enrollments into rotating categories on this credit card
- Balance transfer fees: 3% of the total balance transfer amount or $5, which one is greater
- It requires good to excellent credit score in order to apply
Among these three best 0 interest credit cards, you can choose the one that suits you the best. However, remember that most of these cards require an excellent credit score for you to register. Therefore, when you decide to opt for a low interest credit card, keep this in mind and then take your decision.