Does Amex Blue Business Cash Card have a 0% APR intro period for new purchases?

When a 0% APR period ends, the credit card’s regular APR will kick in. That rate will apply to any unpaid balance remaining on the credit card as well as any new purchases made from that point on. The regular APR that applies when a 0% APR period expires tends to be very high, so it’s best not to leave much of a balance for it to affect.… read full answer

The only exception to this rule is a 0% interest period with a feature called deferred interest. General-purpose 0% credit cards don’t have it, but some store credit cards do. This isn’t a true 0% APR deal because the interest is still accruing while it’s “deferred,” and it will apply if you don’t pay your balance on schedule. So when the 0% APR ends on a deferred interest financing offer, you’ll be charged interest on the original purchase amount, as accrued from the purchase date, if you have even $1 of your original balance left to pay. Your deferred interest could also return prematurely if you make a late payment, and it’ll likely be a lot more expensive than a late fee. That’s why it’s very important to make on-time payments on deferred interest credit cards, and to pay off the balance before a deferred interest period is over.

Even though a credit card with a true 0% APR period won’t retroactively charge interest on purchases, be smart with these cards. Interest will apply to any balance remaining when the 0% period ends, so plan out your payments to ensure there’s little left at that point. Using a credit card payoff calculator can be a big help.

The longest 0% APR credit card is the Wells Fargo Reflect℠ Card as it offers an introductory purchase APR of 0% for up to 21 months from account opening. That rate is coupled with a balance transfer intro APR of 0% for up to 21 months from account opening on qualifying balance transfers – subject to a balance transfer fee: 3% intro for 120 days, then up to 5% (min $5). Once the introductory periods are over, remaining balances are subject to a regular APR of 13.74% - 25.74% Variable. Given its $0 annual fee, the Wells Fargo Reflect card makes for a great option both for financing larger purchases and transferring pre-existing debt. There are several other options with long 0% intro APRs that are worth your consideration.… read full answer

Here are the longest 0% APR credit cards:

These cards benefit from $0 annual fees and require good credit or better (a credit score of 700+) for good odds of approval. None of these cards offer rewards, but they’re meant for financing rather than regular spending. You can always adopt the island approach and use a different rewards card for purchases you’ll pay in full each month. All of these cards also require good or excellent credit.

It’s important to note that some store cards may offer 0% interest for longer than 21 months, but they use deferred interest. That is, you earn interest on your balance during the 0% period but don’t have to pay that interest if and only if you bring your balance to $0 before the 0% period ends. The JCPenney Credit Card is one example, offering 18 - 60 months of deferred interest. But those cards are best avoided, because not paying your balance in full by the end of the intro period allows for a high APR to retroactively apply to your entire original purchase amount – as if the low intro rate never existed.

Amex is interest-free for a limited amount of time on certain credit cards, such as Blue Cash Everyday® Card from American Express and the American Express Cash Magnet® Card, but no American Express credit card is permanently interest-free. In fact, no credit card from any issuer is interest-free forever.

Amex Credit Cards With Introductory Interest-Free Promotions… read full answer

• Blue Cash Everyday® Card from American Express: 0% for 15 months on purchases, followed by a 14.74% - 24.74% (V) regular APR
• American Express Cash Magnet® Card: 0% for 15 months on purchases, followed by a 14.74% - 24.74% (V) regular APR
• Amex EveryDay® Preferred Credit Card: 0% for 12 months on purchases, followed by a 13.74% - 23.74% (V) regular APR
• The Amex EveryDay® Credit Card from American Express: 0% for 15 months on purchases, followed by a 13.74% - 24.74% (V) regular APR
• Blue Cash Preferred® Card from American Express: 0% for 12 months on purchases, followed by a 14.74% - 24.74% (V) regular APR

Currently, there are no Amex credit cards that offer an interest-free period for balance transfers.

You should also know that some Amex cards generally don’t have interest because they usually require to be paid in full each month. However, even these cards let cardholders carry certain balances of $100+ and charge interest on those balances. Eligible charges are included in a different balance, up to a limit.

Finally, keep in mind that on all credit cards, interest only applies if you carry a balance between months. So if you always pay off your purchases in full by the due date, you’ll never owe interest on them.