For those of us with debt problems (isn’t this all of us?) or those of us just looking to stay debt free, take a look at these top 5 credit cards that you should use. Each of these offer an initial 18 month 0% APR (in other words, no interest for the first 18 months) and if used carefully, can allow you to make your needed purchases or transfer your existing balances (watch out for balance transfer fees!) without being faced with ridiculously high credit card rates.
1. Barclay Ring Mastercard
Unlike the other cards in this list, this card does not offer a 0% APR intro period, but what it does offer is one of the lowest ongoing APR rates (8%) and no balance transfer fees. While you may not save on interest fees in the beginning, this card can definitely save you a lot in the long run.
2. Blue Cash Everyday from American Express
Blue Cash combines a 15 month 0% APR with the ability to earn cash back on purchases (3% at supermarkets, 2% at gas stations and certain department stores and 1% on everything else). As an added bonus, users can earn a $150 bonus after spending $1,000 in the first three months.
3. Citi Simplicity Card
4. Citi Diamond Preferred
Similar to the simplicity card, there is no annual fee. The main differences to note is that this card does charge late and penalty fees, yet offers lower interest rates after the initial 18 months to users with great credit.
5. Discover it Card – Balance Transfer
This card allows for interest free balance transfers for the first 18 months. Actual purchases receive a shorter grace period of 6 months. If you are looking for a card that can make you money, this one offers 5% cash back on categories that change every three months and 1% cash back on all other purchases.