What are the Best Options for Zero Percent Credit Cards Strictly to Use for Big Purchase in 2017
Zero percent credit cards are credit cards that come with an introductory offer where you don’t have to pay interest fee on the balance that is accrue for a certain period of time. Because of the zero percent promotion offer, many people have used their cards to fund big purchases while paying it off by installment without the interest fee charges. The following are the top 4 zero percent credit cards that can be used to fund big purchases this year.
1. Chase Slate
Chase Slate is offering a zero percent intro period for purchases and balance transfer for 1 year and 3 months. You will get charged with the regular APR rate of 15.49% – 24.24% if you fail to finish paying back the total amount you spend on the big purchases at the end of the introductory period. Only an average credit score is required to apply for the card. The card waives the annual fee and penalty fee. The Chase Blueprint program provides assistance on creating a debt pay off plan.
2. Chase Freedom
Chase Freedom also provides a zero percent intro promotion that extend up to 1 year and 3 months starting from the first day of the account opening for both purchases and balance transfer. The variable APR you are charged after the promotional period is 15.49% – 24.24%. You just have to spend a minimum of $500 in 3 months to take advantage of the $150 signup bonus. Besides the signup bonus, the card can also be used to get 5% cash back from your purchases in the rotating bonus categories. The cash back program only applies to the spending limit of up to $1,500 in purchases every quarter.
3. Citi Simplicity Card
Citi Simplicity Card offers the longest intro period promotion which lasts for 1 year and 9 months for both purchases and balance transfer. The ongoing APR rate that is in the range of 13.49% – 23.49% applies if you still have some debt in your credit card balance after the promotional period ends. The advantage of Citi Simplicity Card is that it does not charge any late fee, penalty APR, and annual fee.
4. Discover it Cashback Match
Discover it Cashback Match provides zero percent intro period for 1 year and 2 months for both purchases and balance transfer. The variable APR that you are charged at the end of the promotional period is 11.49% – 23.49%. it gives you 5% cash back on every purchases you make as long as it is in the quarterly bonus categories for up to $1,500 per quarter. The cashback match program will match the cash back at the year end. Several types of fees have been waived in the Discover it Cashback Match including annual fee, and penalty APR.