How A 0% APR Card Can Help

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You’re not alone if the rising costs of everything around you are forcing you to put more of your expenses on a credit card.

The latest consumer debt data from the Federal Reserve Bank of New York shows that consumers’ total credit card balances increased year over year — and they’re expected to continue going up.

Today’s rampant inflation is an obvious trigger, sending many Americans to resort to borrowing more money just to keep up and make ends meet. But while a credit card can help you afford even the basic essentials by not requiring you to pay out of pocket upfront, you can still find yourself sinking fast in expensive debt. That’s because credit cards in general have notoriously high interest rates and most of them start charging interest the day you carry a balance into a new billing cycle.

The good news is there is one type of credit card that can give you more flexibility during these trying times — without tacking on high interest.

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Here’s how a 0% APR credit card can help

U.S. Bank Visa® Platinum Card

On U.S. Bank’s secure site

  • Rewards

  • Welcome bonus

  • Annual fee

  • Intro APR

    0% for the first 20 billing cycles on balance transfers and purchases

  • Regular APR

    15.24% – 25.24% (Variable)

  • Balance transfer fee

    Either 3% of the amount of each transfer or $5 minimum, whichever is greater

  • Foreign transaction fee

  • Credit needed

If you’re looking for a 0% APR card that can do more than just offer an interest-free period, the Blue Cash Everyday® Card from American Express comes with a rewards program, too. The interest-free introductory period is for the first 15 months on purchases from the date of account opening (after, 14.74% to 24.74% variable APR; see rates and fees).

Cardholders can get rewarded on that next high grocery bill or pricey gas stop with 3% cash back at U.S. supermarkets (up to $6,000 per year in purchases, then 1%), 2% cash back at U.S. gas stations and 1% cash back on all other purchases. Cash back is received in the form of Reward Dollars that can be easily redeemed for statement credits, which can help lower your credit card bill.

Blue Cash Everyday® Card from American Express

On the American Express secure site

  • Rewards

    3% cash back at U.S. supermarkets (up to $6,000 per year in purchases, then 1%), 2% cash back at U.S. gas stations, 1% cash back on other purchases. Cash back is received in the form of Reward Dollars that can be easily redeemed for statement credits.

  • Welcome bonus

    Earn a $200 statement credit after you spend $2,000 in purchases on your new card within the first 6 months.

  • Annual fee

  • Intro APR

    0% for 15 months on purchases, from the date of account opening; N/A for balance transfers

  • Regular APR

  • Balance transfer fee

  • Foreign transaction fee

  • Credit needed

Keep in mind that you can only stretch out a purchase for as long as the introductory period lasts and any remaining balance you have after that will incur interest at the regular rate. Since this can counteract any savings you received during the interest-free period, it’s key to pay off your balance in full prior to the 0% APR ending.

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For rates and fees of the Blue Cash Everyday® Card from American Express, click here.

Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.



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