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About Editor's Picks: Our editor selects credit cards based on the features the credit card offers consumers, including introductory rates, fees, long term interest rates, and its relative value compared to competing offers. While this site receives remuneration from credit card companies, our rankings strive to objectively provide consumers with relevant, unique options.

Smart Uses for February’s Top 0% APR Credit Cards

0-apr-december2012

During the coldest part of winter, many Americans are still trying to get a grip on credit card debt accumulated during the holidays. At the same time, others are looking towards spring vacations and seeking ways to limit the long term cost of making a large purchase on a high interest credit card. The financial burden of these and an infinite number of unforeseen circumstances can often be significantly lessened with the savvy use of 0% APR Credit Cards.

These credit card promotions allow consumers to pay a 0% interest rate on new purchases for up to 18 months as well as transfer credit card balances from high rate cards to ones that do not charge interest for 18 months. These transactions, called balance transfers, can significantly reduce the time it takes to get out of credit card debt and save consumers significant amounts of money that would otherwise be spend on interest.

The credit cards listed below offer exceptional value relative to industry average 0% APR credit card offers which on average only offer 0% rates for 12 months.

Citi Diamond Preferred The Citi Simplicity Card

Both Citi Simplicity and Citi Diamond offer the credit card market’s longest 0% interest rate on both purchases and balance transfers. Lasting 18 months, it is a full 3 months longer than any competing offer and approximately 6 months longer than typical offers.

These two cards are pure “value credit cards”. While they offer some distinct benefits, neither offer rewards. However, they are geared towards consumers seeking long 0% introductory rates as well as low long term rates once the 18 month promotional rate expires.

You can learn more, compare, and apply for these offers below.

  • Get 0% Intro APR on Balance Transfers and Purchases for 18 months. After that, the APR will be 11.99%-21.99% based upon your creditworthiness.*
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer.
  • Citi® Easy DealsSM Get what you want for less. Earn Citi Easy Deals Points for the purchases you make with your card.
  • Redeem your points for great online deals on name-brand merchandise, gift cards and even local deals.
  • Let our 24/7 concierge service help book your hotel rooms, flights and more.
  • $0 liability on unauthorized purchases and Citi® Identity Theft Solutions.
  • No annual fee*
Purchases Intro
Balance Transfers Intro
Regular APR
Annual Fee
Credit Needed

0%* for 18 months*

0%* for 18 months*

11.99%-21.99% (Variable)*

$0*

Excellent Credit


  • 0% Intro APR on Balance Transfers and Purchases for 18 months. After that, the variable APR will be 12.99% - 21.99% based on your creditworthiness.
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater.
  • No late fees - Ever
  • No penalty rate - Ever
  • No annual fee - Ever
  • Save time when you call with fast, personal help, 24 hours a day.
Purchases Intro
Balance Transfers Intro
Regular APR
Annual Fee
Credit Needed

0%* for 18 months*

0%* for 18 months*

12.99% - 21.99% (Variable)*

$0*

Excellent Credit


Chase Slate

Chase Slate is the only 0% APR credit card currently offered by a major bank that charges no fees on balance transfers. The 0% interest rate extends for 15 months on purchases as well and the savings from the lack of a balance transfer fee reduce costs by $3 for every $100 transferred compared to other major bank offers.

  • Best 0% Offer in 'Crowning 2013's Best Credit Card Offers' (January 14, 2013) -Forbes Online
  • Pay less interest. Save on balances and new purchases
  • $0 introductory balance transfer fee for transfers made during the first 60 days. After that, the fee for future balance transfers is 3% of the amount transferred with a minimum of $5.
  • 0% Introductory APR for 15 months on purchases and balance transfers. After the introductory period ends, a variable APR of 12.99%, 17.99%, or 22.99%.
  • $0 Annual Fee
Purchases Intro
Balance Transfers Intro
Regular APR
Annual Fee
Credit Needed

0% for 15 months*

0% for 15 months*

12.99%, 17.99%, or 22.99% (V)*

$0

Excellent/Good


Discover it

The new Discover it card features 14 months of interest free financing on both new purchases and balance transfers. And while this is slightly less than its rivals, this card also offers a competitive rewards program. Discover it cardholders receive up to 1% cash back on all purchases, and 5% on categories of merchants that change each quarter, on the first $1,500 spent per quarter. This card is good fit for consumers who need to pay down a little debt but can do so in less than 15 months who then want to earn rewards instead of switching credit cards again.

  • 0% intro APR on purchases & balance transfers for 14 months—then a variable purchase APR applies, currently 10.99% - 22.99%. A 3% fee applies to each transferred balance.
  • Over 5,000 cardmembers rated 4.8 out of 5 stars* and now Discover 'Ranked Highest in Customer Satisfaction with Credit Card Companies in a Tie' by J.D. Power*.
  • 5% cash back for online shopping and department store purchases on up to $1,500 - Oct. through Dec. 2014 when you sign up*. 1% cash back on all other purchases.
  • Free FICO® Credit Score online and on monthly statements*.
  • No annual fee, no late fee for your first late payment - APR won't go up for paying late, no overlimit fee and no foreign transaction fee.*
  • Each Discover purchase is monitored. If it's unusual, you're alerted by e-mail, phone or text-and never responsible for unauthorized Discover card purchases.
  • 100% U.S.- based customer service—anytime, day and night.
  • *See rates, rewards, free FICO® Credit Score terms and other info by clicking 'Apply.'
Purchases Intro
Balance Transfers Intro
Regular APR
Annual Fee
Credit Needed

0% for 14 months*

0% for 14 months*

10.99% - 22.99% Variable*

$0

Excellent Credit


Citi Dividend Platinum Select

Like the Discover it card, this Citi card has both a promotional financing offer and a similar rewards program. The 0% APR financing on new purchases and balance transfers is valid for 12 months. Cardholders can also receive a $100 sign up bonus after spending $500 on their card within the first three months.

Like the Discover it card, the rewards program features 1% cash back on all purchases and 5% cash back on categories that change each quarter. The cardholder’s first $6,000 spent each year is eligible for the 5% bonus rather than $1,500 per quarter.

This is another offer that offers a blend of value and rewards that consumers who don’t need over a year of 0% APR coverage can benefit handsomely from.

You can view and compare additional 0% APR Credit Cards Here

 

Editor's Note: This content is not provided by Citi. Any opinions, analyses, reviews or recommendations expressed here are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by the Citi or any of the other companies whose products are featured in this content.

About the author

Jason Steele

Jason Steele is a freelance journalist specializing in personal finance and travel and is recognized as an expert in credit cards. He is a regular contributor to many of the top personal finance sites such as Wise Bread and Money Talks News. His work has been frequently carried on mainstream news outlets such as MSN Money, Yahoo, Finance, and Business insider.

Jason lives in Denver Colorado with his wife and two daughters.

– has written 316 posts.

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