Enjoy the benefits of 0% APR credit cards!

There are several credit cards that offer several months with 0% interest. This can help you pay off your debts and accomplish other financial goals. Take a look at these options!

The term APR stands for “Annual Percentage Rate” of charge and is a finance charge expressed as an annual rate, even though it’s usually paid as a monthly rate. The APR is applied to loans, mortgages, credit cards, etc. Some credit cards offer a 0% APR for a time period in order to gain new customers, or as a reward in particular promotions. These savings can equal an interesting sum of money in a year. 

Once the 0% intro APR offer is over, the credit card’s variable APR rate will be activated. Take into consideration that you’ll never be charged any interest if you pay off your credit card’s debt from month to month. But if you do carry a balance in your credit card account, the APR will determine how much interest you’ll pay. The higher the balance and the longer it’s not paid in full, the more interest you’ll be charged by the card issuer.

To make the most of your 0% APR credit card, you can use it to make large purchases, like electronics or furniture. You can also use it to consolidate debt and balance transfer from a high-interest card. In case of an emergency, it's better to use this credit card to cover unexpected bills, as you won't pay any interest.

Try to seize the opportunities in order to win your credit card's rewards, as they offer a lot of cashback and promotions. Check on your usual stores if it's more convenient to pay with cash or to use your credit card in order to win some rewards. Here are some examples of 0% APR credit cards and their benefits.

Discover it Cash Back

This credit card offers 0% Intro APR for 14 months on purchases and balance transfers. You'll pay no annual fee and you can earn 5% cashback on purchases at different places like grocery stores, restaurants, gas stations, and online shopping, up to the quarterly maximum when you activate. Plus, you may automatically earn an unlimited 1% cashback on all other purchases.

Blue Cash Preferred® Card from American Express

It offers 0% intro APR on purchases for 12 months from the date of account opening. Afterward, there’s a variable APR between 13.99% to 23.99%. You earn 6% cash back at supermarkets and on some streaming subscriptions, 3% cashback at gas stations, and 1% cashback on all other purchases. This card has lots of benefits, but take into consideration that they charge $95 as an annual fee.

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