Do Companies Offer 0 Percent Interest Credit Cards?

A 0 interest credit card is offered by a few banks and credit card issuers.  Usually an offer of a 0 percent card, whether through Discover Card, Capital One or Chase is an introductory rate that will adjust upward within a 6 to 12 month period.  The idea behind a 0 percent interest rate is to attract new cardholders with excellent or very good credit in order for them to transfer balances and begin using an issuer’s card.

0 Percent Interest Credit Cards

Many of these card offers for 0 percent interest come with additional perks or benefits designed to entice the cardholder.  These include offers for cash back on purchase, reward travel and air miles.  These offers are tangible benefits that may make the difference for someone deciding between several different 0 percent interest offers that they have been presented with.  Popular cards that are offered that make these different perks available with a 0 interest rate are the Discover More, Chase Freedom and Capital One No Hassle cards.

Discover More Card

A Discover More Card provides a 0 percent interest for the first 6 months that is in use.  If the cardholder pays the entire balance off within the first 6 months, no interest is due on the balance.  The interest rate goes to afterwards to around 11.99 percent, which is still 1-1/2 to 2 points lower than other cards.  The card has one of the lowest balance transfer fees of 3 percent compared to 5 percent with other cards.

Chase Freedom Card

The Chase Freedom Card on the other hand is a cash back incentive card or one that provides refunds or rebates on purchases.  The effect of the cash back incentives based on the type of purchases made with the Chase Freedom effectively eliminates your interest rate.

Capital One No Hassle Card

Travelers who fly frequently would like the Capital One No Hassle Card. Every $1 purchase made earns 2 travel miles for the cardholder.  What makes it even more valuable is that the miles have no expiration, blackout dates, or seat restrictions.  A traveler that spends a lot can make the Capital One No Hassle Card work to their advantage.

There are other 0 percent interest credit cards available and provided through other companies but in terms of those that offer the best incentives, rewards and advantages to a cardholder, the 3 cards listed above issued through Discover, Chase and Capital One are the best available to consumers looking to take advantage of a 0 percent offer.