Even as summer gives way to fall, card issuers are giving back little ground in their quest to offer the best 0% APR credit cards. In fact, the major players such as Chase and Citi are continuing to present their best offers to cardholders who want to consolidate their debt while foregoing interest payments or make new purchases without running up substantial interest expenses in the short term.
Chase 0% APR Credit Card Offers
The 0% APR market, particularly the 0% balance transfer market, continues to be led by the Slate card from Chase. It offers 0% APR introductory financing on both new purchases and balance transfers for 15 months. In addition, the card distinguishes itself by being the only product on the market offering 0% balance transfers with no balance transfer fee. There is no annual fee for this card, but there is a 3% foreign transaction fee on all charges processed outside of the United States.
Chase’s Freedom card is another top product that offers rewards in addition to introductory financing offers. Like the Slate card, it offers 0% introductory financing on both new purchases and balance transfers for 15 months. Unlike Chase Slate, but similar to all other major credit cards, there is a 3% balance transfer fee with this offer.
However, Chase offers consumers who spend $500 within three months a $100 cash back bonus that can cover the cost of up to a $3,333 balance transfer and provide a profit compared to the Chase Slate card for those who transfer less than $3,333 or simply use the card for purchases.
Additionally, the Chase Freedom card offers 1% cash back on all purchases and 5% cash back on purchases in certain categories of spending that change each quarter.
You can learn more about these Chase offers and apply below.
Citi’s Top 0% APR Credit Cards
Citi offers its Simplicity and Diamond Preferred MasterCard with a 0% APR introductory financing offer valid on both new purchases and balance transfers for 18 months. Citi’s 18 month 0% rates are the longest currently being offered by any major credit card company by three months.
Both cards come with no annual fee and the Simplicity card also waives a host of other fees as well.
Lastly, the Citi Dividend Platinum Select Visa card offers 0% APR introductory financing on both new purchases and balance transfers for 12 months. Like the Freedom card, it features 1% cash back on all purchases and 5% bonus cash back on purchases from certain categories of merchants that vary each quarter. There is no annual fee for this card, and there is a $100 sign up bonus when new cardholders make $500 worth of purchases within the first three months of opening an account.
You can learn more and apply below
Ultimately, just about any consumer with debt can benefit from the balance transfer promotions offered on these cards. The same is likewise true for those who know they will be spending money on credit that cannot be repaid immediately.
However, there are subtle differences in the cards worth considering. Those who only need a small balance transfer and want to earn rewards should look to the Citi Dividend or Chase Freedom cards, while those who have large balance transfers and need a long time to repay outstanding debt should focus on the long lasting Citi 18 month offers or Slate’s fee free balance transfer option.