In January 2011, Discover Card introduced Discover More Card with a groundbreaking promotional balance transfer offer, providing new members with a remarkable 0% introductory APR on balance transfers for an astounding 24 months. This offer, initially available for over three months, set a historical record for the longest 0% balance transfer offer period. However, by late April 2011, the offer was modified to an 18-month 0% APR promotion. Despite subsequent developments in the credit card industry, the Discover More Card’s initial promotion still stands as a record holder for its extended 24-month period. While no other credit card has surpassed this record to date, several cards continue to offer appealing deals for individuals seeking to transfer high-interest balances.

How a Balance Transfer Works

Executing a balance transfer is a relatively straightforward procedure. When applying for a new credit card, you’ll need to furnish the account number and the sum you wish to transfer from your existing balance. Upon approval of your application, the new credit card issuer will initiate a payment to the other credit card company for the specified transferred amount. This process allows flexibility as you can choose to transfer the entirety or a portion of your balance. Moreover, it’s possible to consolidate balances from multiple cards in a single transfer. Opting for a card with a 0% APR on transfers means you won’t incur any interest charges on the transferred amount until the promotional period concludes.

When a Balance Transfer Makes Sense

Balance transfers can be a smart strategy to cut down on interest expenses, especially when dealing with a substantial balance carrying a high interest rate or if you’re unable to pay off your credit card in full each month. When contemplating a balance transfer, it’s crucial to assess various factors, such as the prevailing interest rate on your current card, the interest rate offered by the new card, annual fees associated with both cards, and the balance transfer fee.

Typically ranging from three to five percent of the transferred balance, balance transfer fees may have a cap once a certain limit is reached. For instance, transferring a $1,000 balance with a 3% transfer fee would incur a $30 cost to move the balance to another card. It’s important to note that even if the new card provides a 0% interest rate, the savings in interest might be partially offset by the transfer fee. Therefore, a comprehensive evaluation of these factors is essential to determine the overall financial benefit of a balance transfer.

Best 0% Balance Transfer Offers

As of the latest available information, the longest 0% balance transfer period currently offered is 21 months. Balance transfer credit cards with 0% APR introductory periods generally range between 12 and 21 months. Several cards are currently featuring top 0% balance transfer promotions along with additional attractive benefits.

0% Interest on Transfers for 21 Months

Credit Card		Bonus, 0% Introductory Interest	Annual Fee
	Citi® Diamond Preferred® Card	0% on purchases for 12 months and on qualifying balance transfers for 21 months. After the intro period ends, the go-to rate of 17.49% - 28.24% (variable) applies. (rates & fees)	$0

0% Interest on Transfers for 18 Months

Credit Card		Bonus, 0% Introductory Interest	Annual Fee
	Citi Double Cash® Card	$200 cash back after you spend $1,500 on purchases in the first 6 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou Points, which can be redeemed for $200 cash back. 0% on balance transfers for 18 months. After the intro period ends, the go-to rate of 18.49% - 28.49% (variable) applies. (rates & fees)	$0

0% Interest on Transfers for 15 Months

Credit Card		Bonus, 0% Introductory Interest	Annual Fee
	Citi Custom Cash® Card	$200 cash back after you spend $1,500 on purchases in the first 6 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou Points, which can be redeemed for $200 cash back. 0% on purchases and balance transfers for 15 months. After the intro period ends, the go-to rate of 18.49% - 28.49% (variable) applies. (rates & fees)	$0
	Citi Rewards+® Card	20,000 bonus points after you spend $1,500 in purchases with your card within 3 months of account opening; redeemable for $200 in gift cards at thankyou.com 0% on purchases and balance transfers for 15 months. After the intro period ends, the go-to rate of 17.99% - 27.99% (variable) applies. (rates & fees)	$0
	Chase Freedom Unlimited®	Earn an additional 1.5% cash back on everything you buy (on up to $20,000 spent in the first year) - worth up to $300 cash back! 0% on purchases and balance transfers for 15 months. After the intro period ends, the go-to rate of 19.74% - 28.49% variable applies.	$0
	Blue Cash Everyday® Card from American Express	$200 statement credit after you spend $2,000 in purchases on your new Card within the first 6 months. 0% on purchases and balance transfers for 15 months. After the intro period ends, the go-to rate of 18.24% - 29.24% variable applies. (rates & fees)	$0
	USAA Rate Advantage Credit Card	0% on balance transfers for 15 months (rates & fees)	$0 (rates & fees)
	TD Double Up℠ Credit Card	$100 Cash Back in the form of a statement credit when you spend $1,000 within the first 90 days after account opening 0% on balance transfers for 15 months	$0

Conclusion

Discover set the bar for other credit card issuers with their 24-month 0% balance transfer promotion. While it remains to be seen if another card will do the same, you can still save on interest when you take advantage of the great 0% APR balance transfer deals that are are out there.

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0% interest credit cards offer a valuable financial tool, particularly when it comes to managing existing debt or making substantial purchases. The 0% introductory interest rate provides a window where you can borrow money without incurring additional interest or fees, given you meet the minimum monthly payment requirements. This strategic approach allows individuals to address their financial needs more effectively, offering a temporary period of relief from the typical costs associated with borrowing money.

Check out the following credit cards offering 0% APR, sorted by the length of introductory periods.

0% Interest for 21 Months

Credit Card		0% Introductory Interest	Annual Fee
	Citi® Diamond Preferred® Card	0% on purchases for 12 months and on qualifying balance transfers for 21 months. After the intro period ends, the go-to rate of 17.49% - 28.24% (variable) applies. (rates & fees)	$0

0% Interest for 18 Months

Credit Card		0% Introductory Interest	Annual Fee
	Citi Double Cash® Card	0% on balance transfers for 18 months. After the intro period ends, the go-to rate of 18.49% - 28.49% (variable) applies. (rates & fees)	$0

0% Interest for 15 Months

Credit Card		0% Introductory Interest	Annual Fee
	Citi Custom Cash® Card	0% on purchases and balance transfers for 15 months. After the intro period ends, the go-to rate of 18.49% - 28.49% (variable) applies. (rates & fees)	$0
	Citi Rewards+® Card	0% on purchases and balance transfers for 15 months. After the intro period ends, the go-to rate of 17.99% - 27.99% (variable) applies. (rates & fees)	$0
	Chase Freedom Unlimited®	0% on purchases and balance transfers for 15 months. After the intro period ends, the go-to rate of 19.74% - 28.49% variable applies.	$0
	Blue Cash Everyday® Card from American Express	0% on purchases and balance transfers for 15 months. After the intro period ends, the go-to rate of 18.24% - 29.24% variable applies. (rates & fees)	$0
	USAA Rate Advantage Credit Card	0% on balance transfers for 15 months (rates & fees)	$0 (rates & fees)

0% Interest for 12 Months

Credit Card		0% Introductory Interest	Annual Fee
	Blue Cash Preferred® Card from American Express	0% on purchases for 12 months. After the intro period ends, the go-to rate of 18.24% - 29.24% variable applies. (rates & fees)	$0 intro annual fee for the first year, then $95.

Small Business Cards with 0% Interest for 12 Months

Credit Card		0% Introductory Interest	Annual Fee
	Ink Business Cash® Credit Card	0% on purchases for 12 months. After the intro period ends, the go-to rate of 17.74% - 25.74% variable applies.	$0
	Ink Business Unlimited® Credit Card	0% on purchases for 12 months. After the intro period ends, the go-to rate of 17.74% - 23.74% variable applies.	$0
	The American Express Blue Business Cash™ Card	0% on purchases for 12 months from date of account opening. After the intro period ends, the go-to rate of 17.49% - 25.49% variable applies. (rates & fees)	$0
	The Blue Business® Plus Credit Card from American Express	0% on purchases for 12 months from date of account opening. After the intro period ends, the go-to rate of 17.49% - 25.49% variable applies. (rates & fees)	$0

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0% interest credit cards can help you save money. Whether you are trying to pay off your debt or you need to make expensive purchases, credit cards that offer 0% introductory interest let you borrow money now and pay off debt later without incurring interest or fees, as long as you make the minimum payments every month.

Citi Diamond Preferred Card: 0% APR on balance transfers for 21 months

Citi Diamond Preferred Card offers 0% intro APR on balance transfers for 21 months from the first transfer date. It also offers 0% APR on purchases for 12 months. Additionally, card members can gain special access to event tickets, including concerts, sporting events, dining experiences. This card has no annual fee.

Apply Now

Citi^® Diamond Preferred^® Card

• 0% Intro APR for 21 months on balance transfers from date of first transfer and 0% Intro APR for 12 months on purchases from date of account opening. After that the variable APR will be 17.49% - 28.24%, based on your creditworthiness. Balance transfers must be completed within 4 months of account opening.
• There is a balance transfer fee of either $5 or 5% of the amount of each transfer, whichever is greater
• Get free access to your FICO^® Score online.
• With Citi Entertainment^®, get special access to purchase tickets to thousands of events, including concerts, sporting events, dining experiences and more.
• No Annual Fee - our low intro rates and all the benefits don't come with a yearly charge.

Intro APR on Purchases

0% for 12 months on purchases

Intro APR on Transfers

0% for 21 months on qualified balance transfers

Regular APR

17.49% - 28.24% (Variable)

Annual Fee (rates & fees)

$0

Similar 0% Interest Credit Cards

If you are interested in the above 0% interest cards, you may also consider a few other credit cards with similar benefits.

0% Interest for 18 Months on Balance Transfers

Credit Card		0% Introductory Interest	Annual Fee
	Citi Double Cash® Card	0% on balance transfers for 18 months. After the intro period ends, the go-to rate of 18.49% - 28.49% (variable) applies. (rates & fees)	$0

0% Interest for 15 Months

Credit Card		0% Introductory Interest	Annual Fee
	Citi Rewards+® Card	0% on purchases and balance transfers for 15 months. After the intro period ends, the go-to rate of 17.99% - 27.99% (variable) applies. (rates & fees)	$0
	Citi Custom Cash® Card	0% on purchases and balance transfers for 15 months. After the intro period ends, the go-to rate of 18.49% - 28.49% (variable) applies. (rates & fees)	$0
	Chase Freedom Unlimited®	0% on purchases and balance transfers for 15 months. After the intro period ends, the go-to rate of 19.74% - 28.49% variable applies.	$0
	Blue Cash Everyday® Card from American Express	0% on purchases and balance transfers for 15 months. After the intro period ends, the go-to rate of 18.24% - 29.24% variable applies. (rates & fees)	$0
	USAA Rate Advantage Credit Card	0% on balance transfers for 15 months (rates & fees)	$0 (rates & fees)

0% Interest for 12 Months

Credit Card		0% Introductory Interest	Annual Fee
	Blue Cash Preferred® Card from American Express	0% on purchases for 12 months. After the intro period ends, the go-to rate of 18.24% - 29.24% variable applies. (rates & fees)	$0 intro annual fee for the first year, then $95.
	Ink Business Unlimited® Credit Card	0% on purchases for 12 months. After the intro period ends, the go-to rate of 17.74% - 23.74% variable applies.	$0
	Ink Business Cash® Credit Card	0% on purchases for 12 months. After the intro period ends, the go-to rate of 17.74% - 25.74% variable applies.	$0
	The American Express Blue Business Cash™ Card	0% on purchases for 12 months from date of account opening. After the intro period ends, the go-to rate of 17.49% - 25.49% variable applies. (rates & fees)	$0
	The Blue Business® Plus Credit Card from American Express	0% on purchases for 12 months from date of account opening. After the intro period ends, the go-to rate of 17.49% - 25.49% variable applies. (rates & fees)	$0

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If you are need extra cash to make a big purchase, you may use a 0% APR credit card to buy now and pay later. Credit cards with 0% intro APR allow you to charge a purchase to your credit card now and pay off the credit-card balance over time without incurring interest or fees, as long as you make the minimum payments every month.

At this time, many credit cards offer 0% introductory APR on purchases for 12 months or more. If you are short of cash for an expensive purchase, you can open a new credit card with 0% intro APR to enjoy the buying power now. After that, you can just make the minimum payment each billing cycle to avoid finance charges and pay off all the remaining balance at the end of your 0% introductory period. In this way, a 0% APR credit card not only helps you afford the purchase, but also helps you save money by paying no interest for a long time.

Best 0% APR Credit Cards on Purchases

Choose from one of the following credit cards that offer 0% on purchases for at least 12 months. All these credit cards are for people who have good or excellent credit rating. If you have a credit score of 700 or above, you may qualify for these offers.

0% Interest on Purchases for 15 Months

Credit Card		0% Introductory Interest	Annual Fee
	Citi Rewards+® Card	0% on purchases and balance transfers for 15 months. After the intro period ends, the go-to rate of 17.99% - 27.99% (variable) applies. (rates & fees)	$0
	Citi Custom Cash® Card	0% on purchases and balance transfers for 15 months. After the intro period ends, the go-to rate of 18.49% - 28.49% (variable) applies. (rates & fees)	$0
	Blue Cash Everyday® Card from American Express	0% on purchases and balance transfers for 15 months. After the intro period ends, the go-to rate of 18.24% - 29.24% variable applies. (rates & fees)	$0
	Chase Freedom Unlimited®	0% on purchases and balance transfers for 15 months. After the intro period ends, the go-to rate of 19.74% - 28.49% variable applies.	$0

0% Interest on Purchases for 12 Months

Credit Card		0% Introductory Interest	Annual Fee
	Blue Cash Preferred® Card from American Express	0% on purchases for 12 months. After the intro period ends, the go-to rate of 18.24% - 29.24% variable applies. (rates & fees)	$0 intro annual fee for the first year, then $95.
	The American Express Blue Business Cash™ Card	0% on purchases for 12 months from date of account opening. After the intro period ends, the go-to rate of 17.49% - 25.49% variable applies. (rates & fees)	$0
	Ink Business Cash® Credit Card	0% on purchases for 12 months. After the intro period ends, the go-to rate of 17.74% - 25.74% variable applies.	$0
	Ink Business Unlimited® Credit Card	0% on purchases for 12 months. After the intro period ends, the go-to rate of 17.74% - 23.74% variable applies.	$0
	Citi® Diamond Preferred® Card	0% on purchases for 12 months and on qualifying balance transfers for 21 months. After the intro period ends, the go-to rate of 17.49% - 28.24% (variable) applies. (rates & fees)	$0
	United Gateway℠ Card	0% on purchases for 12 months. After the intro period ends, the go-to rate of 21.24% - 28.24% variable applies.	$0

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Some credit cards offers 0% introductory APR on purchases for a period of time, typically between 6 and 24 months. These cards extend you credit for your purchases now and allow you to pay off the balance later without charging interest fees during the introductory period, as long as you make monthly minimum payments to keep your account active. You can save money on the potential interest cost of expensive purchases by riding the 0% APR until the introductory period ends, and then paying off the balance completely or choosing to transfer the balance to another card with 0% or lower APR.

During the introductory period, you still need to make monthly minimum payments, which is usually just 1% of your current balance. Making minimum payments each month reduces your account balance. More importantly, it is like signaling to the bank that you are still actively managing your account and are not disappearing completely. If you don’t make the minimum payments, you will be charged for penalty fees.

Potential Savings by Using a 0% Credit Card on Purchases

How much can you save with a 0% credit card? For instance, if you have a credit card offering 0% on purchases for 12 months and use it for a purchase of $10,000, you can ride the 0% APR until the end of the 12 introductory months. Compared with a typical interest rate of 18% that may be charged by other credit cards, you will save about $1,800 (= $10,000 * 18%) on the potential cost of interest for the 12 months.

Credit Cards that Feature 0% APR on Purchases

Choose from the following best credit cards that offer 0% on purchases for at least 12 months. All these credit cards are for people who have good or excellent credit rating. If you have a credit score of 700 or above, you may qualify for these offers.

0% on Purchases for 15 Months

Credit Card		0% Introductory Interest	Annual Fee
	Citi Custom Cash® Card	0% on purchases and balance transfers for 15 months. After the intro period ends, the go-to rate of 18.49% - 28.49% (variable) applies. (rates & fees)	$0
	Citi Rewards+® Card	0% on purchases and balance transfers for 15 months. After the intro period ends, the go-to rate of 17.99% - 27.99% (variable) applies. (rates & fees)	$0
	Blue Cash Everyday® Card from American Express	0% on purchases and balance transfers for 15 months. After the intro period ends, the go-to rate of 18.24% - 29.24% variable applies. (rates & fees)	$0
	Chase Freedom Unlimited®	0% on purchases and balance transfers for 15 months. After the intro period ends, the go-to rate of 19.74% - 28.49% variable applies.	$0

0% on Purchases for 12 Months

Credit Card		0% Introductory Interest	Annual Fee
	Blue Cash Preferred® Card from American Express	0% on purchases for 12 months. After the intro period ends, the go-to rate of 18.24% - 29.24% variable applies. (rates & fees)	$0 intro annual fee for the first year, then $95.
	Citi® Diamond Preferred® Card	0% on purchases for 12 months and on qualifying balance transfers for 21 months. After the intro period ends, the go-to rate of 17.49% - 28.24% (variable) applies. (rates & fees)	$0
	Ink Business Unlimited® Credit Card	0% on purchases for 12 months. After the intro period ends, the go-to rate of 17.74% - 23.74% variable applies.	$0
	Ink Business Cash® Credit Card	0% on purchases for 12 months. After the intro period ends, the go-to rate of 17.74% - 25.74% variable applies.	$0
	The American Express Blue Business Cash™ Card	0% on purchases for 12 months from date of account opening. After the intro period ends, the go-to rate of 17.49% - 25.49% variable applies. (rates & fees)	$0
	The Blue Business® Plus Credit Card from American Express	0% on purchases for 12 months from date of account opening. After the intro period ends, the go-to rate of 17.49% - 25.49% variable applies. (rates & fees)	$0

The post Save Money with Credit Cards that Offer 0% APR on Purchases appeared first on CardBenefit.

If you are need extra cash to make a big purchase, you may use a 0% APR credit card to buy now and pay later. Credit cards with 0% introductory interest allow you to charge a purchase to your credit card now and pay off the credit-card balance over time without incurring interest or fees. If you are short of cash for an expensive purchase, you can open a new credit card to enjoy the buying power now. After that, you can just make monthly minimum payments each billing cycle to avoid finance charges and pay off all the remaining balance at the end of your 0% introductory period. In this way, you can afford the purchase and save money by paying no interest for a long time.

Best 0% Interest Cards for People who have Good Credit

Choose from one of the following credit cards that offer 0% on purchases. All these credit cards are for people who have good or excellent credit rating. If you have a credit score of 700 or above, you may qualify for these offers. All these credit cards have no annual fee.

0% Interest for 18 Months or Longer

Credit Card		0% Introductory Interest	Annual Fee
	Citi® Diamond Preferred® Card	0% on purchases for 12 months and on qualifying balance transfers for 21 months. After the intro period ends, the go-to rate of 17.49% - 28.24% (variable) applies. (rates & fees)	$0
	Citi Double Cash® Card	0% on balance transfers for 18 months. After the intro period ends, the go-to rate of 18.49% - 28.49% (variable) applies. (rates & fees)	$0

0% Interest for 15 Months

Credit Card		0% Introductory Interest	Annual Fee
	Citi Custom Cash® Card	0% on purchases and balance transfers for 15 months. After the intro period ends, the go-to rate of 18.49% - 28.49% (variable) applies. (rates & fees)	$0
	Citi Rewards+® Card	0% on purchases and balance transfers for 15 months. After the intro period ends, the go-to rate of 17.99% - 27.99% (variable) applies. (rates & fees)	$0
	Chase Freedom Unlimited®	0% on purchases and balance transfers for 15 months. After the intro period ends, the go-to rate of 19.74% - 28.49% variable applies.	$0
	Blue Cash Everyday® Card from American Express	0% on purchases and balance transfers for 15 months. After the intro period ends, the go-to rate of 18.24% - 29.24% variable applies. (rates & fees)	$0
	USAA Rate Advantage Credit Card	0% on balance transfers for 15 months (rates & fees)	$0 (rates & fees)

0% Interest for 12 Months

Credit Card		0% Introductory Interest	Annual Fee
	Blue Cash Preferred® Card from American Express	0% on purchases for 12 months. After the intro period ends, the go-to rate of 18.24% - 29.24% variable applies. (rates & fees)	$0 intro annual fee for the first year, then $95.
	Ink Business Unlimited® Credit Card	0% on purchases for 12 months. After the intro period ends, the go-to rate of 17.74% - 23.74% variable applies.	$0
	Ink Business Cash® Credit Card	0% on purchases for 12 months. After the intro period ends, the go-to rate of 17.74% - 25.74% variable applies.	$0
	The American Express Blue Business Cash™ Card	0% on purchases for 12 months from date of account opening. After the intro period ends, the go-to rate of 17.49% - 25.49% variable applies. (rates & fees)	$0
	The Blue Business® Plus Credit Card from American Express	0% on purchases for 12 months from date of account opening. After the intro period ends, the go-to rate of 17.49% - 25.49% variable applies. (rates & fees)	$0

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