No Credit? Exploring the “0 Credit” Card Offers

Zero percent credit card offers can be very enticing for consumers with a poor credit rating or a high interest debt. These credit cards may save the holder hundreds of dollars, but the fine print must be carefully read in order to select just the right card. Below introduces some of the best zero credit cards available and explains why they are so popular.

The U.S. Bank Perks Signature Visa Card
The Perks Visa card offers a zero percent introductory APR for all purchases and balance transfers for the first year. Afterwards, the APR will start out at approximately 12 to 22 percent variable rate. While there is no annual fee for the card, it does come with a three percent or five dollar minimum balance transfer fee. However, the Perks Visa card also offers excellent incentives. For every dollar spent on items like gas or groceries, cardholders earn two whole reward points. Otherwise, they earn the standard one reward point for every dollar spent. Once the cardholder reaches 1,700 points, they can buy brand name products. Once they reach 2,500 points, they can earn a gift card. Once they reach 5,000 points, they can cash out their balance. Finally, U.S. Bank offers their online FlexControl tool to help consumers avoid interest and late fees through automatic payments.

The Citi Double Cash Card
The Citi Double Cash Card offers a better 0% APR deal than the U.S. Bank Perks+ Visa Signature Card. While they also do not charge an annual fee, their zero percent APR rate lasts for 15 months on both purchases and balance transfers. After this time, it rises to the industry standard 12 to 22 percent variable rate. Cardholders will earn one percent unlimited cash back on every single purchase made, regardless of whether the balance is paid in full or over time. The only requirement is that cardholders pay the minimum due amount at the end of the billing cycle. Equally important, there are no restricting reward categories to enroll in or track. The Citi Double Cash Card is perfect for people who want to earn unlimited rewards without the hassle of rotating bonus categories. However, this card is not ideal for anyone who prefers balance transfers and travel redemption options. Overseas travelers should use another card because there is a three percent foreign transaction fee.

The Discover It Card
There are two types of Discover it cards. The first offers zero percent APR on all purchases and balance transfers for the first 12 months. The second offers zero percent APR on all purchases for six months and zero percent APR on balance transfers for up to 18 months. Afterwards, the APR rate for both goes to approximately 11 to 23 percent variable APR. The Discover it card offers one percent cash back on every purchase. However, it also offers five percent cash back on select categories that rotate every three months. This applies to the first 1,500 dollars spent per quarter. The first bonus category runs from January to March and covers gas and transportation. The second bonus category goes from April to June and covers movies and restaurants. The third runs from July to September and covers department and home improvement stores. The final category goes from October to December and rewards holiday shopping. Reward points can be redeemed as a deposit, applied to the current balances or even transferred over to Amazon.com. In the end, the Discover it card is perfect for consumers who want exclusive access to the Discover Deals bonus mall and enticing bonus categories. However, the card isn’t ideal for people with existing credit card debt or people who want to gradually pay off large purchases over time.

Clearly, there are plenty of excellent zero percent credit cards available that offer impressive savings and tantalizing benefits to responsible consumers.