Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts

In Search Of The Elusive Zero-Percent Interest Rate Credit Card

Tuesday, May 28, 2013 - 6:28 AM
"Free money" -- is there a sweeter phrase in the English language? And if you have good enough credit, chances are you're getting offered exactly that all the time.

According to a recent report, the average credit card now offers 10.29 months with no interest on balance transfers and 10.13 months with no interest on new purchases. That's up more than 2 percent each over what issuers were offering in the fourth quarter. The bad news? You'll need excellent credit -- i.e., generally a credit score of 720 or above -- to get the best deals.

More great deals means more opportunity to profit from plastic. Just remember that every offer is different, and knowing the nuances can be the difference between getting paid and getting played.

In Search of the Elusive Zero-Percent Interest Rate Credit Card - DailyFinance
ShorebreakShorebreak2,671 posts since
Apr 6, 2010
Rep Points: 14,501