Best No Interest Credit Cards For 2018

If you're planning for a big purchase in 2018 and you want to pay it off in installments with no interest, getting a no interest credit card is the best way to accomplish it. As you compare no interest credit cards, keep in mind that the 0 percent promotional interest rate only lasts a certain amount of time.

Once the introductory period has ended, the balance remaining will be charged interest each month at the regular APR. Your exact APR will vary depending on your creditworthiness at the time you apply for the credit card. Ideally, you should pay off your entire balance before the promotional period ends. That way, any new purchases you make on your credit card will have a grace period allowing you to continue to enjoy your credit card with no interest.

Each of the credit cards on this Best No Interest Credit Cards list offers a no interest promotion for both purchases and balance transfers. They're great for making interest-free purchases or for transferring a balance to make it easier to reduce your overall debt. Keep in mind that transferring a balance may incur a balance transfer fee.

Some credit cards offer other perks like waived fees or rewards. You'll typically need to good to excellent credit to qualify for the best no interest credit cards. Citi currently offers two credit cards no interest periods longer than any other credit card on the market. The Citi Simplicity currently offers a 0 percent introductory APR on purchases and balance transfers for 21 months. That's almost two years of no interest on purchases you make or balances you transfer to the credit card.

After the promotional period ends, the variable APR for the credit card will be 13.49 percent to 23.49 percent. Your exact APR will be based on your creditworthiness. Not only does Citi Simplicity have the longest interest-free period (tied with the Citi Diamond Preferred), it also boasts no late fee or annual fee. Not only that, you won't be charged the penalty rate when you're late on a credit card payment. Most other credit cards will raise your rate when you're more than 60 days late on a credit card payment.

Enjoy Citi Price Rewind, a price protection feature that will automatically credit your account when the price of an item you've purchased drops. 5 or 3 percent, whichever is greater. The balance transfer fee increases the amount you ultimately have to repay, but the upside is that you can repay it at no interest as long as you pay your full balance before the promotional period ends. 10 or 5 percent.

You generally should avoid cash advances, but this is especially true during a promotional period because your payments will be potentially split between balances with and without interest rates. This makes it more difficult to pay off your balance and enjoy the benefits of your no interest period. The foreign transaction fee is 3 percent of transactions made in other currencies. The only drawbacks are that you won't earn any rewards on the credit card (but not paying interest is kind of a rewards itself) and unfortunately, you can't transfer a balance from another Citi credit card.

Citi Diamond Preferred ties with Citi Simplicity for the longest interest-free period with a 0 percent introductory APR on purchases and balance transfers for 21 months. Once the promotional period ends, the regular interest rate applies to purchases and balance transfers will be 12.49 percent to 22.49 percent variable APR, depending on your creditworthiness. 5 or 3 percent, whichever is greater. 10 or 5 percent of the cash advance amount.

35. Citi Diamond Preferred also charges a penalty rate of up to 29.99 percent if you fall behind on your credit card payments. Citi Price Rewind also applies to purchases made on your Citi Diamond Preferred. Chase Slate offers a 0 percent introductory APR on purchases and balance transfers for 15 months from account opening. After the introductory period, the regular APR will be 15.49 percent to 24.24 percent based on your creditworthiness. For those who want to transfer a balance at the least possible cost, Chase Slate is a great credit card for it.

There's no balance transfer fee on balances you transfer within the first 60 days. This perk is especially attractive if you have a large balance you want to transfer because it will allow you to skip the 3 percent balance transfer fee that most other credit cards charge. If you are considering using Chase Slate for a balance transfer, those first 60 days are the best time for it.

After that, the balance transfer fee is a whopping 5 percent of the amount transferred. 37, there's no annual fee on the credit card. Chase Slate also doesn't charge a penalty APR which means your interest rate won't go up if you're late on your payment. You'll also receive your monthly FICO score for free with your credit card billing statement.