Best 0% Credit Cards 02/2008

Alex · Joined: 03 Oct 2007 Posts: 17

As suggested by our visitors this month's nominees for the title of The Best 0% Credit Card are:

DISCOVER® MORE CARD

Intro APR:
0%
Reg APR:
10.99%
Annual Fee:
$0

CHASE VISA PLATINUM® CARD

Intro APR:
0%
Reg APR:
13.49%
Annual Fee:
$0

BLUE FROM AMERICAN EXPRESS®

Intro APR:
0%
Reg APR:
as low as 7.99%
Annual Fee:
None

Steve B · Joined: 06 Feb 2008 Posts: 46

Hello everyone,

I wanted to ask you what is the average period for the 0% credit cards? I mean there is no way banks will let you have 0% credit card. They will have to make money somehow, and us paying the interest is the way for them. But I saw there are some banks that offer 0% credit cards.

All help appreciated.

Thanks

bigD · Joined: 05 Feb 2008 Posts: 50

Steve,

Answering your question from the personal experience, and not doing any kind of research on that, but it seems 0% apr credit cards offer 0% APR for about 12 month, sometimes 15 month.

Hope this helps

MoBi · U POSTER Joined: 08 Feb 2008 Posts: 38

Yes, that's right - 0% APR credit cards have their 0% APR only up to 15 monthes. Some of them can offer 0% APR rate for 18 monthes.
But remeber, if you do your payments on time and keep your credit clear, some banks can offer prolonged 0% APR period. However they may charge some fees for that procidure!