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2019

Zero Interest Rate Credit Card Reviews

What are the best Zero Interest Rate Credit Cards? 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.

The Best Zero Interest Rate Credit Cards

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:

  • Annual charges. What are the annual or monthly fees charged for your zero interest rate credit card?
  • Rewards programs. Some zero interest rate credit cards give you extra benefits just for using them. What benefits are offered, and will they be useful to you?
  • Penalties. Are there penalties that will be charged if you spend more than you have in your account? Some zero interest fee credit cards will charge you fees if you don't use their card for an extended period of time.

The Best Zero Interest Rate Credit Cards

TopConsumerReviews.com has reviewed and ranked the best zero interest rate credit cards available today. We hope these reviews help you find the best credit card that meets your needs!

 

Understanding Zero Percent Interest Credit Cards

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:

Approval
The process of getting approved for a zero percent interest rate card is simple. Anyone can apply and be approved for this card type. No credit checks are required and will not have a negative impact on your current credit score.

Loading
Loading your card is the process of putting a balance on the credit card for you to spend. Because the card is pre-loaded you are not charged interest for use. Loading credit should be quick and easy with any card you're considering. You'll find credit card loading stations that accept cash for those with limited resources.

Fees
Understanding the respective fees of a zero interest credit card is important. Even if you're feeling desperate it doesn't mean you have to pay outrageous fees. Shop around and look for the most affordable fees out there. You can anticipate annual fees, sometimes application, participation and activation fees as well with zero percent interest rate credit cards. Be sure and look closely at any and all potential fees on the credit card offers you're considering.

Perks
Many zero percent interest credit cards offer incentives. Some include a reward point system that allows you to cash in rewards for gift cards and merchandise. Others offer varying cash back rewards, free savings accounts, and special offers from specific stores.

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.

 

Kiwibank: Time is right to cut credit card interest rates

Kiwibank's zero and gold card rates will drop to 13.95 per cent from more than 20 per cent. While the official cash rate has fallen from 5 per cent at the end of 2008 to 1.5 per cent now, mainstream ...

Published:  Tue, 25 Jun 2019 17:44:00 GMT



What's a Good Interest Rate for a Personal Loan?

Put yourself in the best position possible to get a good interest rate on a personal loan ... or a credit card), and the lender performs a hard pull on your credit report. While one or two are no big ...

Published:  Tue, 25 Jun 2019 03:05:00 GMT



Kiwibank drops interest to 9.95% for Low Rate credit cards

Kiwibank will reduce its interest on its Low Rate credit cards to under 10 per cent for the first time. From July 2019 the Low Rate card will sit at 9.95 per cent p.a. for purchases and cash advances. ...

Published:  Tue, 25 Jun 2019 18:35:00 GMT



How to transfer a credit card balance and buy yourself time to pay off debt

finding a credit card that offers low or no interest on balance transfers for a certain amount of time is a great way to give yourself a little more time to pay off debt while avoiding potentially ...

Published:  Mon, 24 Jun 2019 14:18:00 GMT



What are credit cards best used for?

However, a credit card could offer a less costly means of borrowing. Money transfer credit cards offer a relatively low rate of interest - often 0% for a set time period - and can be paid directly ...

Published:  Tue, 25 Jun 2019 00:26:57 GMT



Avoid Credit Card Interest with These 8 Simple Tips

Another issue with credit card interest is that interest rates are often extremely high ... Many of them promise cash back, zero percent interest and other perks to help lure you in. These perks can ...

Published:  Mon, 24 Jun 2019 16:28:00 GMT



What's the Ideal Number of Credit Cards to Have?

As far as your credit score is concerned, there really is no "ideal ... The more cards you have, the more available credit you have. Thus, the same balance, if spread out over multiple cards, would ...

Published:  Mon, 24 Jun 2019 14:34:00 GMT



Consumers who paid to lower their credit card interest rate are getting refunds

The average credit card interest rate is over 17 percent, with many cardholders paying ... The first is by transferring the balance to a card offering several months of 0 percent interest. There are ...

Published:  Tue, 28 May 2019 06:54:00 GMT



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