0 PERCENT CREDIT CARD TRANSFERS

The Best 0 Percent Credit Card Deals of 2021

What are 0 Percent Credit Card Deals?

Hello Friends, are you looking for ways to reduce your credit card debt or finance a large purchase without paying high interest rates? Then 0 percent credit card deals may be just what you need. These deals allow you to transfer your existing balances to a new credit card with zero percent interest for a limited period of time, typically ranging from six to 24 months.

0 percent credit card deals are also known as balance transfer credit cards. They are a type of credit card that can help you pay off your high-interest debt faster by reducing the interest rate to zero. This means that every dollar you pay goes directly toward reducing your balance, rather than paying off interest charges.

Why Use a 0 Percent Credit Card Deal?

If you have credit card debt with a high-interest rate, transferring your balance to a 0 percent credit card deal can help you save money in interest charges and pay off your debt more quickly.

For example, if you have a credit card debt of $5,000 with an interest rate of 20 percent, you would pay $1,000 in interest charges in one year. But if you transferred that balance to a 0 percent credit card deal for 12 months, you could save $1,000 in interest charges and put that money toward paying off your principal balance.

Using a 0 percent credit card deal wisely can also help you make a large purchase that you would normally have to save up for over time. Rather than waiting months or even years to save enough money for a big-ticket item, such as a new appliance or a vacation, you can use a 0 percent credit card deal to finance the purchase and pay it off over time without accruing interest charges.

How to Choose the Best 0 Percent Credit Card Deal for You

There are a variety of 0 percent credit card deals available on the market, and choosing the right one can be overwhelming. Here are some factors to consider when selecting the best 0 percent credit card deal for your needs:

Introductory period: The length of time that the 0 percent interest rate applies. Consider your timeline for paying off the balance to ensure you have enough time to pay off the balance before the interest rate increases.

Balance transfer fee: Some credit cards charge a fee to transfer the balance from another credit card. This fee is usually a percentage of the balance transferred. Consider the fee amount to determine whether the savings in interest charges outweigh the cost of the balance transfer fee.

Interest rate after the introductory period: Once the 0 percent interest introductory period ends, the interest rate will increase. Consider the interest rate after the introductory period to ensure it is competitive and manageable.

Reward programs: Some 0 percent credit card deals offer rewards programs. Consider the rewards program to determine whether it aligns with your spending habits and preferences.

The Best 0 Percent Credit Card Deals of 2021

Here are some of the best 0 percent credit card deals available in 2021:

1. Citi Simplicity Card

The Citi Simplicity Card offers a 0 percent introductory APR on balance transfers for 21 months. After the introductory period ends, the variable APR will be 14.74 percent to 24.74 percent. There is no annual fee, no late fees, and no penalty APR.

2. American Express EveryDay Credit Card

The American Express EveryDay Credit Card offers a 0 percent introductory APR on balance transfers for 15 months. After the introductory period ends, the variable APR will be 12.99 percent to 23.99 percent. Cardholders can earn rewards points for eligible purchases, and there is no annual fee.

3. Chase Freedom Unlimited

The Chase Freedom Unlimited offers a 0 percent introductory APR on purchases and balance transfers for 15 months. After the introductory period ends, the variable APR will be 14.99 percent to 23.74 percent. Cardholders can earn cash back rewards for eligible purchases, and there is no annual fee.

4. Wells Fargo Platinum Card

The Wells Fargo Platinum Card offers a 0 percent introductory APR on purchases and balance transfers for 18 months. After the introductory period ends, the variable APR will be 16.49 percent to 24.49 percent. There is no annual fee, and cardholders can receive cell phone protection coverage.

5. Discover it Cash Back

The Discover it Cash Back offers a 0 percent introductory APR on purchases and balance transfers for 14 months. After the introductory period ends, the variable APR will be 11.99 percent to 22.99 percent. Cardholders can earn cash back rewards for eligible purchases, and there is no annual fee.

Conclusion

In conclusion, 0 percent credit card deals can be a smart way to reduce your high-interest debt or finance a large purchase without accruing interest charges. When choosing the best 0 percent credit card deal for you, consider the introductory period, balance transfer fee, interest rate after the introductory period, and reward programs. Review the available options in the market today, knowing that even the slightest savings in APR and fees can help you save a lot in the long run. Always remember, managing your finances is a long-term commitment, and using 0 percent credit card deals can be that extra help in keeping up with your finances. Thank you for reading, and see you in our next useful article.

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