Our reviewers evaluate products and services based on unbiased research. Top Consumer Reviews may earn money when you click on a link. Learn more about our process.
Monday, September 26th
Zero interest rate credit cards work particularly well for people who want to build up their credit score and improve their credit history. You get to enjoy the use of a credit card without paying interest fees.
Charges that you make with zero interest rate credit cards typically go against a certain amount that you've already prepaid into the card. Instead of extending you credit that you have to pay back, you essentially are making withdrawals from money that you've already deposited. This gives you the convenience of major credit card purchasing power, without the risk of running up your debt.
While many zero interest rate credit cards are available, there are many differences between them. Some of the factors you'll want to consider include:
TopConsumerReviews.com has partnered with Lending Tree to help you find the best zero interest rate credit cards available today. We hope this information will give you all the tools you need to choose the right credit card for you!
Free money for nothing? Not exactly but, you can have the convenience of a Visa or MasterCard in your pocket to use as needed - even when your credit score is making it hard to qualify. Zero percent credit cards are typically prepaid credit cards. Customers load the card for a fee and then utilize it without being charged interest. This is the same concept as a prepaid card and similar to a secured credit card. Many people that use zero percent interest credit cards choose these cards to get them through a difficult time.
If your credit issues are due to the recession, overspending or job loss you may be without a credit card. If so, you're not alone. Hundreds of thousands of people are enduring difficult financial times and losing access to credit cards is just one element of their problems. Credit cards not only make for fast and convenient shopping but are also required in many scenarios. Using a zero percent interest credit card is one way to get through a credit crunch. Here's how these cards work:
Zero percent credit cards are another option for consumers that are needing easy credit card approval. There are no interest rate charges or overdraft fees with these credit cards. You simply load the balance you want to have access to, spend and use as desired. Fees can creep up with zero percent credit cards so be sure and look closely at the credit card agreement before signing.
Consumer Reports on ...
Credit Card Balances Are Rising—and So Are Interest Rates
Americans’ total credit card balances jumped 13 percent in the second quarter of 2022 from a year earlier, according to the New York Federal Reserve. That’s the largest year-over-year increase since ...
Wed, 21 Sep 2022
MarketWatch on MSN
The average interest rate on credit cards just hit its highest level ...
The average interest rate on credit cards just broke a decades old record this month as it hit 17.96% — the highest it’s been since 1996, according to data from Bankrate. What’s more, Federal Reserve ...
Mon, 19 Sep 2022
How the Fed interest rate hike impacts your credit cards, HELOCS and ...
Another rate hike from the Fed will have a nearly direct impact on the rates on credit cards and other variable-rate loans, including home equity lines of credit (HELOCs). And, the Fed's shifting ...
Fri, 23 Sep 2022