The Best Zero Interest Credit Cards of September 2023

Zero interest credit cards can be a lifesaver when it comes to managing your finances. These cards allow you to make purchases without accruing any interest, giving you the flexibility to pay off your balance over time. If you’re looking for the best zero interest credit cards available this September, we’ve got you covered. In this article, we’ll explore the top picks for zero interest credit cards and discuss their benefits. So let’s dive in!

Understanding APR and Credit Card Interest

Before we get into the details of the best zero interest credit cards, it’s important to understand some key terms. APR stands for annual percentage rate, which represents the interest rate charged on your credit card balance over the course of a year. Credit card interest is typically calculated daily and compounds as long as you carry a balance. However, if you pay your statement balance in full by the due date each month, you won’t incur any interest charges.

Types of Rates and Fees

When choosing a credit card, it’s essential to consider the various rates and fees associated with it. Here are some common types of rates and fees you should be aware of:

• Annual Percentage Rate (APR): The interest rate charged for the entire year. This can include balance transfer, cash advance, penalty, and purchase APRs.
• Balance Transfer APR: The APR charged when you transfer a credit card balance to another card.
• Cash Advance APR: The APR charged when you withdraw cash using your credit card.
• Introductory APR Offer: A reduced APR for a specific period, usually applied to purchases and balance transfers.
• Penalty APR: The interest rate charged when you fail to pay the minimum payment by the due date.
• Annual Fee: The cost of owning the card, charged once per year.
• Foreign Transaction Fee: The fee charged for using your card in a foreign currency.
• Late Payment Fee: The fee charged when you fail to pay the minimum payment by the due date.
• Over-the-Credit Limit Fee: The fee charged when you exceed your credit limit.
• Return Payment Fee: The fee charged when your payment method fails for various reasons.
• Return Check Fee: The fee charged when your check for your credit card payment fails.

Knowing these rates and fees can help you make an informed decision when choosing the best zero interest credit card for your needs.

The Main Benefits of a 0% APR Credit Card

The primary benefit of a zero interest credit card is, of course, the ability to make purchases without incurring any interest. This can be particularly helpful during unexpected situations or when you need to finance one-time purchases. However, it’s crucial to pay off your balance before the promotion expires to avoid paying any interest. Use the card responsibly and treat it as a useful tool rather than an excuse to overspend.

How to Choose the Best 0% APR Card

Choosing the best zero interest credit card depends on your unique needs and preferences. If you’re also looking to earn rewards while you spend, consider cards that offer varied amounts and types of rewards. Pay attention to fees, reward categories, and the issuing bank. Each card has its own perks and benefits, so choose the one that aligns with your financial goals.

Capital One SavorOne Cash Rewards Credit Card: Best for Entertainment Cash Back

The Capital One SavorOne Cash Rewards Credit Card offers generous rewards for dining, entertainment, streaming services, and grocery stores. With no annual fee and no foreign transaction fees, it’s an excellent option for city dwellers and foodies. Plus, your rewards will never expire as long as your account remains open.

Citi Custom Cash Card: Best for Flexibility

The Citi Custom Cash Card allows you to customize your rewards based on your spending habits. It offers 5% cash back on your top spending category each billing cycle, up to $500 (then 1%), and includes popular categories like grocery stores, restaurants, gas stations, and home improvement stores. This is a great card for maximizing everyday purchases and fitting your budget.

Capital One Quicksilver Cash Rewards Credit Card: Best for Flat-Rate Cash Back

If you prefer a straightforward cash back rate, the Capital One Quicksilver Cash Rewards Credit Card is an excellent choice. You’ll earn 1.5% cash back on all purchases without any categories or restrictions. This card also has no annual fee or foreign transaction fees, making it an easy and hassle-free option.

Chase Freedom Unlimited: Best for Bonus Categories

In addition to its attractive bonus and earning structure, the Chase Freedom Unlimited offers a 0% APR introductory period for 15 months on new purchases. This card is perfect for earning cash back while financing larger purchases. It also pairs well with other Chase credit cards, allowing you to maximize your rewards and take advantage of travel portal redemption bonuses and transfer partners.

The Bottom Line

Zero interest credit cards can be a great tool for managing your finances and earning rewards. When choosing a card, consider your spending habits, reward preferences, and fees associated with each option. Remember, responsible credit card usage is essential to avoid unnecessary fees and interest charges.

For more information on zero interest credit cards and other financial tips, visit Ratingperson. Happy shopping and saving!