0% Credit Cards: No Interest on Purchases for up to 12 Months (Updated!)
Stumble It!
Digg It!
Tip It!
del.ico.us
FacebookWith the holidays just around the corner, I thought I’d put together a list of credit cards that are offering 0% APR on purchases. Like 0% balance transfer offers, these sorts of promos can be a great deal for savvy consumers.
Assuming that you buy only what you can afford, you can pay off your purchases with a 0% credit card, stash the money in a high yield savings account, and then collect interest for the better part of a year. Just keep making your minimum payments, and be sure to pay off your balance before the 0% promo period ends.
With that said, here’s a list of six great options… Note that all of these cards offer 0% APR on purchases and some also offer 0% balance transfers.
- Discover More Card – 6 months
- Citi Platinum Select – 6 months
- Discover Monogram Card – 6 months
- Discover Student Card – 6 months
- Discover Escape Card – 6 months
- Citi Forward – 6 months
Published on November 10th, 2008 - 6 Comments
Filed under: Credit Cards
email this article
- bookmark it
About the author: Nickel is the founder and editor-in-chief of this site. He's a thirty-something family man who has been writing about personal finance since 2005, and guess what? He's on Twitter!
Related articles...
» The Convenience of Using a Debit Card» Discover More Card $50 Signup Bonus
» The Danger of No-Interest, Same-as-Cash Purchases
» 0% Balance Transfer Offers With No Fee (Updated!)
» Reduce Debt With a DIY Balance Transfer
» Citi Forward Credit Card: Signup Bonus, Rewards, and More
» Discover Escape Travel Rewards Credit Card
» Save 5% on Gas Purchases With the Discover More Card
Was this article useful? Please sign up to receive our content via e-mail:
Great deals...
Readers’ choice...
Recent articles...
- Effect of Foreclosure, Short Sale, and Bankruptcy on Your Credit Score
- DIY Garage Kayak Racks: Fast, Frugal, and Effective
- Lending Club $25 Bonus Reminder
- Coupons are a Waste?
- How to Save Money on Pet Care
- Best HSA Custodian?
- Considering a High Deductible Health Plan
- Pay Back the Homebuyer Tax Credit?
- How to Find a Good Deal
- How Much Does Your Debt Cost?
Recent comments...
- nickel: Ron: Good question, and I have no idea as to the answer. It could...
- Christina: While foreclosures wreck less havoc on the score than a bankruptcy (according to your...
- Ron: Why do you think those large mortgage lenders are switching over to Vantage? Does...
- XY: I wish they would have special checkouts for people who plan to use 5...
- Live for Improvement: Going vertical with storage is definately the way to go! You should see my garage...
- Jessica: Just do a google search and it should be pretty easy to find. ...
- Just J: I use many of these ideas weekly, we shop for a family of 6,...
- Molly: The new, expanded income limits apply only to those who purchased their home after...
Most talked about...
- Dave Ramsey is Bad at Math
- $8,000 Homebuyer Tax Credit
- Dish Network Customer Service SUCKS
- How to Claim the First-Time Homebuyer Tax Credit
- $15,000 Homebuyer Tax Credit
- Reduced Credit Limits? Share Your Experience
- Would the "Fair Tax" Gut the Economy?
- Tax Stimulus Rebate Payments to Start Early
- Pay Off Mortgage Early? Or Invest?
- The Best Online Savings Accounts (Updated!)
- Life's Too Short to Drink Cheap Beer
- $7500 First Time Homebuyer Tax Credit
I have bought many items like SONY COMPONENTS, ACER LAPTOP, and a SONY CAR STEREO using the 0% interest option of my credit cards. Just be sure to pay the minimum amount due every month so that there will be no interest charges.
Comment by Yvon Thea — Nov 10th 2008 @ 8:05 amI have a Chase card at 0% promotion till Aug 2009 right now. I used it to transfer a balance that was getting charged an interest rate as I furiously try to pay it off.
Any truth to the rumors that these kind of 0% offers might dry up in 2Q or 3Q 2009 (aside from requiring a higher credit score to offer them)?
Comment by Danielle — Nov 13th 2008 @ 5:23 pmAlso the Cap1 card I have reduced its minimum payment amount in the last few months, if that is true of these Cap1 cards then it might make a more lucrative deal to make interest off a high yield savings account using money from the 0% offer.
Comment by Danielle — Nov 13th 2008 @ 5:39 pmBut all 0% credit cards are not created equal….
Is the 0% APR offer on balance transfers only, or on both new purchases and balance transfers?
Comment by 0% Credit Cards — Nov 14th 2008 @ 6:14 pmAre there balance transfer fees?
Are minimum purchases required to maintain the 0% APR?
What else may trigger a higher interest rate during the intro 0% APR period?
For years my husband and I have had 0% APR cards. When the term ended we transferred over to another card. Our latest card has been with Advanta and we still had about 9 mos remaining at 0% APR. Was notified by mail today that our current balance of $2K was now going to be having a 27% APR. So much for our very high FICO score (in the high 700’s) giving us much of an advantage. The banks are taking away these cards now — not 2nd or 3rd Quarter ‘09. Just signed up for a 0%/0 bal. transfer fee with US Bank and wonder how long it will take for them to run this one up.
Comment by Jean — Nov 18th 2008 @ 6:08 pmAvoid these cards!
Comment by Dan — Oct 11th 2009 @ 10:06 pm