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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.

 

What Fed rate cut? Credit card interest rates hit a 25-year high

Consumers are paying higher interest rates on their credit card balances than they have in more than a quarter-century, and the Federal Reserve's rate cuts are no guarantee that they will receive much ...

Published:  Wed, 07 Aug 2019 06:22:00 GMT



Credit Card Rates Hit 25-Year High

... high interest rates that "US consumers are paying higher interest rates on their credit card balances than they have in more than a quarter-century, and the Federal Reserve's rate cuts are no ...

Published:  Wed, 07 Aug 2019 06:30:39 GMT



What's The Interest Rate On The Apple Card? It's Not The Same For Everyone

But before signing up for any credit card, it's important to look into what it offers, as well as any fees that might come along with it. While there are no annual or international fees, the interest ...

Published:  Thu, 08 Aug 2019 06:06:00 GMT



Millennials Rack Up Credit Card Debt

Millennials are supposed to be the cautious generation where credit is concerned ... follow a similar pattern. Interest rate increases add to the millennial dilemma. The average APR for cash back and ...

Published:  Mon, 19 Aug 2019 20:58:00 GMT



Apple's credit card is now available for everyone in the U.S.

Although Apple announced its own credit card back in March ... and how it gives them a better view of their spending." Apple says that the Card has no fees, low interest rates, and that it should make ...

Published:  Tue, 20 Aug 2019 07:16:00 GMT



Credit Card Interest: Prime Down, Rates Up

Financial Times reports: U.S. consumers are paying higher interest rates on their credit card balances than they have in a quarter-century, and the Federal Reserve rate cuts are no guarantee they will ...

Published:  Wed, 07 Aug 2019 08:52:00 GMT



A growing legion of debt-laden 'zombie consumers' has been enabled by low interest rates, economists say

the Federal Reserve lowered its benchmark interest rate a quarter percentage point to a target range of between 2% and 2.25% last month. Such a move typically lowers the cost of borrowing for credit ...

Published:  Tue, 20 Aug 2019 03:18:00 GMT



Canada's Best Credit Cards for People with Bad Credit 2019

Although you must have an income of at least $12,000 per year and qualify for a minimum of a $500 credit, this card's low interest rate of 16.99% on purchases, and no annual fee, are attractive for an ...

Published:  Tue, 20 Aug 2019 08:46:00 GMT



Review Of The Applied Bank Secured Visa Gold Preferred Credit Card

... Applied Bank® Secured Visa® Gold Preferred® Credit Card is a card that you can certainly be approved for since it requires no credit history or minimum credit score. Its interest rate of 9.99% ...

Published:  Mon, 19 Aug 2019 08:57:00 GMT



Credit Issues: The Consequences of Having Bad or No Credit History

Once your credit is blemished, you'll deal with high-interest rates and sometimes denials. Even getting a bank account or credit card can be a problem ... Frankly and this Site make no warranties or ...

Published:  Mon, 19 Aug 2019 10:18:00 GMT



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