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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.

The Best Credit Cards With Best Promotional Financing And Rewards



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promotional financing and rewardsAs a general rule, those with credit card debt should not have reward cards, they should be using the cards with the lowest interest rates. But there are some cards on the market that offer both rewards and 0% APR promotional financing rates.

Who should use these cards

A cardholder who has some debt may wish to take advantage of a promotional financing offer. That cardholder could then retire their debt during the promotional financing period, and then enjoy credit card rewards while paying his or her balance in full. And during this entire time, the cardholder is earning rewards on new purchases.

The top cards with rewards and promotional financing

Discover it™

Discover’s new it card offers 1% cash back on all purchases, and 5% cash back on purchases from categories of merchants that change every quarter. This card is offered with either 14 months of interest free financing on both new purchases and balance transfers, or 18 months of 0% APR on balance transfers and six months for new purchases. There is no annual fee for this card, but there is a 3% balance transfer fee.

  • 0% intro APR on balance transfers for 18 months—then a variable purchase APR applies, currently 10.99% - 22.99%. A 3% fee applies to each transferred balance.
  • 0% intro APR on purchases for 6 months. Then the variable purchase APR applies, currently 10.99% - 22.99%.
  • 5% cash back in categories that change each quarter. Now - June 30 earn 5% at Restaurants & Movies on up to $1,500 in purchases after you sign up.* 1% cash back on all other purchases.
  • J.D. Power awarded Discover "Highest in Customer Satisfaction with Credit Card Companies. Tied in 2014."+
  • Free FICO® Credit Score on monthly statements, online and in our mobile app.*
  • 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 purchases on your Discover card.
  • *See rates, rewards, free FICO® Credit Score terms, balance transfer terms and other info by clicking "Apply."
Purchases Intro
Balance Transfers Intro
Regular APR
Annual Fee
Credit Needed

0% for 6 months*

0% for 18 months*

10.99% - 22.99% Variable*

$0

Excellent Credit


Chase Freedom® Visa

Like Discover it™, Chase Freedom® Visa offers 1% cash back on all transactions, and 5% back on merchant categories that change each month. Freedom offers 0% APR introductory financing for 15 months on both new purchases and balance transfers. There is no annual fee for this card.

  • Named a Best Card for Cash Back by MONEY® Magazine
  • Earn a $100 Bonus after you spend $500 on purchases in your first 3 months from account opening
  • Earn a $25 Bonus after you add your first authorized user and make a purchase within this same 3-month period
  • 0% Intro APR for 15 months on purchases and balance transfers. After the intro period, a variable APR of 13.99-22.99%
  • 5% Cash Back on up to $1,500 in combined purchases between 4/1/15-6/30/15 at Restaurants, Bed Bath & Beyond®, H&M®, and Overstock.com®.
  • You'll enjoy new 5% categories every 3 months like Gas stations, Restaurants and Amazon.com. It's free and easy to activate your bonus each quarter!
  • Unlimited 1% Cash Back on all other purchases
  • No annual fee and rewards never expire as long as your account is open
Purchases Intro
Balance Transfers Intro
Regular APR
Annual Fee
Credit Needed

0% for 15 months*

0% for 15 months*

13.99% - 22.99% Variable*

$0

Excellent/Good


Capital One® VentureOne(SM) Rewards Credit Card

This card offers one year of interest free financing on new purchases, but does not have a promotional  balance transfer offer. Cardholders earn 1.25 miles per dollar spent, and each mile is worth one cent each as statement credits towards any travel expense. In addition, new cardholders receive a sign up bonus of 10,000 points, worth $100 in travel, after spending $1,000 within three months of opening their account. There is no annual fee for this card.

Learn more about the Capital One® VentureOne(SM) Rewards Credit Card

Capital One® Cash Rewards

This card offers 1% cash back on all purchases, plus an additional .5% at the end of the year. Additionally, this card offers one year of interest free financing on both new purchases and balance transfers. Also, new cardholders earn a $100 cash back bonus after spending $500 on purchases within the first three months. There is no annual fee for this card, but there is a 3% balance transfer fee.

Learn more about the Capital One® Cash Rewards

Reward cards may not offer the longest or best promotional financing terms, but they still make sense for cardholders who have short term debt, and a long term desire to earn rewards.

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 387 posts.

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