Get 0% APR Credit Cards for Big Purchases in 2021
Introduction
Hello Friends, in this article, we will discuss the best choice for those who want to get the best 0% APR credit cards to support their big purchases in 2021. A credit card can help us manage our financial obligations better, but it also means that you need to pay interest on the amount you owe. For that reason, many people were hesitant to get a credit card. Fortunately, there are credit cards that offer 0% APR on purchases for a certain period of time.
What is 0% APR Credit Card?
A 0% APR credit card is a card that allows you to make purchases without any interest for a specific period of time. Usually, this promotional period lasts between 6 to 18 months. During this time, you can make purchases and pay them back without incurring any interest charges. It’s important to note that the 0% APR only applies to purchases, not cash advances or balance transfers.
Why Get a 0% APR Credit Card?
There are many reasons why a 0% APR credit card is a great choice for big purchases. First and foremost, it can save you a lot of money on interest charges. For example, if you purchase a $5,000 item and you have a credit card with an 18% APR, you’ll end up paying an additional $900 in interest charges over the course of a year. But with a 0% APR credit card, you can avoid these charges altogether.
Additionally, a 0% APR credit card can help you budget your expenses. Since you won’t have to pay interest charges, you can spread out your payments over several months. This can be particularly helpful if you have a big expense coming up but don’t want to drain your savings account.
Best 0% APR Credit Cards for Big Purchases
Now that we’ve covered the basics of 0% APR credit cards, let’s take a look at some of the best options available in the market right now.
1. Chase Freedom Unlimited
The Chase Freedom Unlimited is a great choice for those who want a card with a long promotional period. It offers 0% APR on purchases for the first 15 months, giving you plenty of time to pay off your big purchase. Plus, it also offers a cashback reward of 1.5% on all purchases.
Benefits:
- 0% APR on purchases for 15 months
- 1.5% cashback reward on all purchases
- No annual fee
- No minimum redemption
Requirements:
- Good to excellent credit score
2. Citi Diamond Preferred
The Citi Diamond Preferred is another great choice for those who want a long promotional period. It offers 0% APR on purchases for the first 18 months. Additionally, it also offers a variety of other benefits, such as travel insurance and access to exclusive events.
Benefits:
- 0% APR on purchases for 18 months
- Travel insurance
- Access to exclusive events
Requirements:
- Good to excellent credit score
3. Discover it Cash Back
The Discover it Cash Back card is ideal for those who want a credit card that offers both 0% APR and cashback rewards. It offers 0% APR on purchases for the first 14 months, as well as 5% cashback on rotating categories. Plus, it has no annual fee and no foreign transaction fees.
Benefits:
- 0% APR on purchases for 14 months
- 5% cashback on rotating categories
- No annual fee
- No foreign transaction fees
Requirements:
- Good to excellent credit score
Conclusion
Getting a 0% APR credit card can be a smart move if you’re planning a big purchase in the near future. By taking advantage of the promotional period, you can save a lot of money on interest charges and spread out your payments over several months. Just be sure to choose the card that’s right for you based on your credit score, spending habits, and financial goals. Thank you for reading this article and we hope it’s been helpful. See you in our next interesting article!
Ready to enhance your link profile for achievement? Tap here to leverage the best link optimization services on Fiverr and elevate your website to greater heights of credibility and exposure!
