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0% Credit Cards: No Interest on Purchases for up to 12 Months (Updated!)

Written by Nickel - 7 Comments

Bank Deal: Earn 1.00% APY on an FDIC-insured savings account at Barclays Bank.

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 three great options… Note that all of these cards offer 0% introductory APR on purchases and some also offer 0% introductory APR on balance transfers. And a couple of these cards, for a limited time, may offer a longer introductory APR period then 12 months.

  • Blue Cash Everyday® Card from American Express – 15 months – no annual fee
  • Blue Cash Preferred® Card from American Express – 15 months – $75 annual fee
  • Citi® Dividend Platinum Select® Visa® Card – 12 months – no annual fee
  • Please keep in mind that credit card and charge card offers change frequently. Therefore, we can not guarantee the accuracy of the information in this article. Please verify all terms and conditions of any card prior to applying. See the card issuers online application for further information. Terms and Restrictions Apply.

Published on November 10th, 2008 - 7 Comments
Filed under: Credit Cards

About the author: 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!

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Comments (scroll down to add your own):

  1. 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 Anonymous — Nov 10th 2008 @ 8:05 am
  2. I 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 Anonymous — Nov 13th 2008 @ 5:23 pm
  3. Also 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 Anonymous — Nov 13th 2008 @ 5:39 pm
  4. But 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?
    Are 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?

    Comment by Anonymous — Nov 14th 2008 @ 6:14 pm
  5. 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 Anonymous — Nov 18th 2008 @ 6:08 pm
  6. Avoid these cards!

    Comment by Anonymous — Oct 11th 2009 @ 10:06 pm
  7. What are the 0% interest promotion credit cards that are presently available?

    I already have most of them and exhausted the 12 month+ promotions of all so far so I think I might not be able to find anymore.

    I have Citi, Citibank, Chase, BofA, HSBC, Capital 1, and Discover. Did I miss any?

    Comment by Anonymous — Mar 26th 2010 @ 10:11 pm

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