There are credit cards with no interest in the short term, but there is no credit card with no interest forever. A number of credit cards do have introductory 0% APR offers, giving an average of 11 months with no interest on purchases and 13 months with no interest on balance transfers. However, once the introductory rate expires, the card’s regular interest rate goes into effect.
Plus, even credit cards offering a promotional 0% APR will still charge a separate, and usually higher, interest rate on cash advances. Others will also impose a penalty APR for late payments.
The good news is that you can avoid paying interest altogether, regardless of the interest rates a credit card may charge. As long as you pay your credit card balance in full by the payment due date every month, the issuer won’t charge interest. Consider setting up automatic monthly payments for the entire balance so you don’t forget.
Also, don’t use the card for cash advances, or for balance transfers not subject to an introductory 0% APR. Interest accumulates daily on both cash advances and balance transfers, starting on the transaction date, and will be added to your statement balance at the end of the billing period.
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