2 Credit Cards Charging 0% Interest Until 2025: A Comprehensive Guide
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2 Credit Cards Charging 0% Interest Until 2025: A Comprehensive Guide
In the current economic climate, finding ways to save money and manage debt has become increasingly important. Credit cards can be a valuable tool for making large purchases or covering unexpected expenses, but high interest rates can quickly turn a manageable balance into a financial burden. To help consumers navigate these challenges, two credit card issuers have introduced game-changing offers: 0% interest until 2025.
Citi Custom Cash℠ Card
The Citi Custom Cash℠ Card is a unique credit card that offers an industry-leading 0% interest on purchases and balance transfers for 18 months, with no annual fee. This means that cardholders can make purchases and transfer existing balances from high-interest credit cards without incurring any interest charges until July 2025.
Key Features:
- 0% introductory APR on purchases and balance transfers for 18 months
- No annual fee
- 5% cash back on your top spending category each billing cycle (up to $500 spent)
- 1% cash back on all other purchases
- No foreign transaction fees
Chase Freedom Unlimited®
The Chase Freedom Unlimited® is another popular credit card that is now offering 0% interest on purchases for 15 months, with no balance transfer option. This offer is available to new cardholders who apply by March 15, 2023.
Key Features:
- 0% introductory APR on purchases for 15 months
- No annual fee
- Unlimited 1.5% cash back on all purchases
- No foreign transaction fees
Benefits of 0% Interest Credit Cards
- Save on interest charges: The most significant benefit of 0% interest credit cards is the potential savings on interest charges. By avoiding interest, cardholders can save hundreds or even thousands of dollars over the life of their loan.
- Consolidate debt: 0% interest credit cards can be used to consolidate high-interest debt from other credit cards or loans. By transferring balances to a 0% interest card, cardholders can pay down their debt faster and save money on interest.
- Make large purchases: 0% interest credit cards can make it more affordable to make large purchases, such as appliances, furniture, or travel expenses. By spreading out the cost of these purchases over time, cardholders can avoid paying high interest rates.
Considerations
- Introductory period: It’s important to note that the 0% interest period is only introductory and will eventually expire. After the introductory period ends, cardholders will be charged the card’s regular APR on any remaining balance.
- Balance transfer fees: Balance transfers may be subject to a fee, typically around 3%. This fee should be factored into the overall cost of consolidating debt.
- Credit score: To qualify for 0% interest credit cards, applicants typically need good or excellent credit scores. Cardholders with lower credit scores may not be eligible for these offers.
Choosing the Right Card
The best 0% interest credit card for you depends on your individual needs and financial situation. Here are some factors to consider when choosing a card:
- Introductory period: Consider the length of the introductory period and whether it aligns with your financial goals.
- Balance transfer fees: If you plan to transfer balances from other cards, compare the balance transfer fees and any potential savings.
- Rewards: Some 0% interest credit cards offer rewards, such as cash back or travel points. Consider the value of these rewards and how they align with your spending habits.
Conclusion
The Citi Custom Cash℠ Card and Chase Freedom Unlimited® are two exceptional credit cards that offer 0% interest until 2025. These cards can be valuable tools for saving money on interest charges, consolidating debt, or making large purchases. By carefully considering the benefits and limitations of each card, consumers can choose the best option for their individual needs and financial goals.
Closure
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