on Jul 8, 2020 . Follow Johnson on Twitter, Facebook, or Instagram. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive compensation from the companies that advertise on the Forbes Advisor site. Earn 2% on purchases with 1% cash back when you buy, plus an additional 1% as you pay for those purchases. Purchase APR (Annual Percentage Rate) refers to the amount of interest you’ll pay on something you bought with your credit card if you carry a balance from month to month. You can also earn an initial welcome bonus on your spending, and you’ll earn 1.25 miles for each dollar you spend. Your card’s APR should be clearly spelled out when you’re approved for your card and also can be found on your monthly statement in the section showing how your interest for that billing cycle was calculated. full review of the Capital One VentureOne Rewards Card here. Earn 2% on purchases with 1% cash back when you buy, plus an additional 1% as you pay for those purchases. An intro APR is typically either a 0% or ultra-low APR offer that applies for a limited period of time. Here's how to make them work for you. Other account pricing and terms apply, Access your FICO® Score for free within Online Banking or your Mobile Banking app, No Late Fees, No Penalty Rate, and No Annual Fee… Ever, 0% Intro APR on balance transfers for 18 months from date of first transfer. Credit Score ranges are based on FICO® credit scoring. Spend now and pay in 0%-interest installments with Citi Credit Cards! Paying late won’t automatically raise your interest rate (APR). Apply for a personal loan, or learn how to invest in your financial future. Citibank PayLite Installment purchases are subject to approval based on the available credit limits at the time of purchase. 0% Intro APR for 18 months on purchases from date of account opening and 0% Intro APR for 18 months on balance transfers from date of first transfer. You'll also get an 18-month 0% intro APR offer on purchases. Rewards: Earn 1.25 miles for each dollar you spend. Turn big purchases into small payments. These are provided as guidelines only and approval is not guaranteed. Now, it offers 0% for 18 months on balance transfers. A balance transfer fee of 5% (minimum $10) applies. After that, a variable APR based on your creditworthiness will apply. Whichever interest rate, between 0.05% and 1.24%, that you land on, will be the interest rate for the life of the CD. The major downside to this card is the fact that 15 months isn’t as long as some other cards on this list provide that 0% APR. A Akshat Savla. Plan It® gives the option to select purchases of $100 or more to split up into monthly payments with a fixed fee. Bonus Offer: One-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening. There is a $0 annual fee and no foreign transaction fees, so it’s easy to justify keeping this card for the long haul. And earn 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year. Getting a break from finance charges can be a welcome change from the double-digit interest typically charged on credit cards or other loans. You are leaving a Citibank Website and going to a third party site. After that the variable APR will be 14.74% - 24.74%, based on your creditworthiness. This card has the brawn to handle just about all of your credit card spending needs without an over-inflated price tag. Low intro APR: 0% for 15 months on purchases from the date of account opening, then a variable rate, currently 13.99% to 23.99%. As an added bonus, new customers are eligible for a generous signup bonus. Citibank India offers easy & quick bank loans at attractive low interest rates and emi loan options that make it possible for you to realize your dreams. 0% PayLite Pay Later … Citibank offers personal loans interest rates that ranges between 10.50% to 17.99% p.a. If you need to avoid interest for the longest time possible, you may want to consider another option. Cash Back is received in the form of Reward Dollars that can be redeemed for statement credits. Compare our cards below to find the best credit card for transferring a credit card balance. All transfers must be completed in first 4 months. With the Citibank PayLite ® Installment Plan, you enjoy 0% interest or affordable converted monthly factor rate at participating establishments nationwide, allowing you to pay in light and easy installments for up to 24 months. Citibank Savings 0.50% Rate To earn Citibank’s competitive rate, simply have a balance of $500. Citibank Easy Pay Plan allows you to indulge in the comfort of swiping your Citibank credit card on purchases made at over 1,000 participated merchants under this easy payment program. If you are looking for a solid intro APR offer and frequently spend at US supermarkets, this is the card for you. After that the variable APR will be 14.74% - 24.74%, based on your creditworthiness. This is just one scoring method and a credit card issuer may use another method when considering your application. After that, the variable APR will be % - %, based on your creditworthiness.1 Balance transfer fee of either $ or % of the amount of each transfer, whichever is greater1. CITI PAYLITE ® INSTALLMENT PLAN OFFERS. On Oct. 11, 2018, the intro 0% APR period for balance transfers on the Citi Simplicity® Card - No Late Fees Ever was extended to 21 months from 18 months. 0% APR Offer: Qualify for 0% APR on purchases for 15 months, followed by a variable APR of 15.49% – 25.49% based on your creditworthiness. Benefits, fees, terms, and offers mentioned in reviews may change over time. full review of the BankAmericard credit card here, pay off all or most of your debt without any interest, Platinum Card From American Express Review. The Citi Simplicity® Card offers the longest 0% APR introductory terms for balance transfers, giving you a full 18 months to pay down debt without paying a dime in interest along the way. How Many Credit Cards Should You Have (And Why I Have Nine)? Thanks Jess96 Card Features: Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. Getting a break from finance charges can be a welcome change from the double-digit interest typically charged on credit cards or other loans. If you're weighed down by credit card debt, a balance transfer is a smart way to get a break on interest rates. . Plus, you can avoid balance transfer fees when you transfer balances to your new card within 60 days of account opening. Low interest rate (or 0%) credit cards can save you hundreds of dollars on balance transfers and on routine purchases carried over as credit card balances. I received a call from a person named Deepak Kailash regarding loan from CITI bank at 0% Interest. More than 500 Participating Merchants. Considering that there's no annual fee, cardholders gain access to 3x points reward rates across an impressive range of spending categories. Save money on interest charges with a balance transfer using one of Citi`s cards that features a. To earn Citibank’s competitive rate, simply have a balance of $500. We provide the types of offers you can expect from a balance transfer credit card for fair credit, along with steps to drive your credit score up. In other words, every day your finance charges are based on the balance from the day before. 0% APR Offer: Qualify for 0% APR on purchases and balance transfers for 15 months, followed by a variable based on your creditworthiness with no balance transfer fees for the first 60 days your account is open. Balance transfer credit cards, which are also called 0% APR credit cards, typically let you avoid interest altogether for anywhere from 9 to 21 months. Unlimited 1.5% Cash Back on your purchases. Your total balance transfers may not exceed 80% of your credit limit. That site may have a privacy policy different from Citibank and may provide less security than this Citibank site. Another obvious downside is the fact that this card doesn’t offer any rewards for purchases. The daily rate of interest on your purchase is determined by dividing your card’s APR—in this example 20%— by 365 to find the daily rate of interest and then multiplying that number by your balance. You`ll earn 2X points at supermarkets and gas stations for the first $6,000 per year. We love the Wells Fargo Propel American Express® Card based on its welcome offer alone, but the introductory 0% APR offer doesn’t hurt, either. Please note that the terms and benefits of this product may change over time. Credit card balance transfers work to reduce interest payments as you drive down your overall credit card debt. And earn 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year. Earn unlimited 1.5% Cash Back on your purchases, Excellent/Good (700 - 749), On American Express's If you’re seeking the best no interest offer on a balance transfer card, consider both the length of time and the amount it will cost if there’s a balance transfer fee. Citibank Savings 0.50% Rate. Some let you avoid interest payments on purchases and balance transfers, but others only extend their offers to one or the other. No minimum to redeem for cash back. Easy Installment Plans can also be availed at reducing balance rate up to 35.88% per annum for up to 48 months The above instruction will be processed at 0% interest and no … After the intro APR offer ends, 12.99% – 22.99% Variable APR will apply. Card attributes given priority include the length of 0% APR offers, rewards programs and credit card fees. Forbes created this guide to help you see how different cards compare in terms of their 0% APR offers and additional cardholder perks. After the first 60 days, this card has a 5% balance transfer fee (minimum $5). This guide can help you find the right card to reach your financial goals, whether they include debt consolidation or financing a large purchase without interest charges. 0% APR Offer: Qualify for 0% Intro APR for 18 months on balance transfers when transfers are completed within 4 months of account opening and for 18 months on purchases from date of account opening, followed by a variable APR based on your creditworthiness. Citi does not guarantee the accuracy of these reviews. This compensation comes from two main sources. The Capital One Quicksilver Cash Rewards Credit Card* offers exceptional flat-rate rewards, but new cardholders also qualify for a 0% introductory APR for a limited period of time. Rewards: Earn 3 points per dollar spent on dining, gas stations, rideshares, transit, flights, hotels, homestays, car rentals, and popular streaming services plus 1 point per dollar spent on other purchases. Also be aware that a handful of credit cards offer a longer 0% APR period with a higher rate of rewards, including some cards on this list. This makes it easy to pay down debt without any out-of-pocket costs and access 0% APR on purchases for the first 15 months. I received a call from a person named Deepak Kailash regarding loan from CITI bank at 0% Interest… interest rate applies to balances transferred with this offer at point of application and the balance transfer fee, for a period of 15 months. A 3% fee (min $10) applies to all balance transfers, No penalty APR. Subject to Section 5 hereof, the price of items purchased under the 0% PayLite Installment Plan shall be interest-free for the duration of the installment plan. When you transfer a high interest balance from other credit cards to the Citi® Double Cash Card, you can save on interest and have more time to pay it off. © 2020 Forbes Media LLC. Benefits and Drawbacks: While most balance transfer credit cards extend 0% APR for up to 18 months, the Citi Simplicity® Card comes with a longer offer that is hard to beat. Benefits and Drawbacks: The Capital One Quicksilver Cash Rewards Credit Card lets you save with 15.49% APR on purchases  for 15 months. % – % variable APR, based on your creditworthiness1, % Intro APR on balance transfers for months; after that the variable APR will be % – %, based on your creditworthiness1 Balance transfer fee of either $ or % of the amount of each transfer, whichever is greater1, Balance transfers just got simpler with the Citi Simplicity® Card that features a low introductory rate on balance transfers and purchases for new accounts. The Citibank Simplicity offers 0% APR for 21 months on balance transfers and 0% APR for 12 months on purchases before the rate shoots to 16.24%–26.49%. During the intro 0% APR period, you won't be charged interest on new purchases or balance transfers. Rewards: This card doesn’t offer rewards. The American Express Cash Magnet® Card is another card that lets you earn flat-rate rewards for each dollar you spend. Bonus Offer: Earn a $150 statement credit after you spend $1,000 or more in purchases with your new Card within the first 3 months of Card Membership. Barclaycard and Citi offer 0% APR on accounts opened prior to active duty for eligible service members. Enjoy new 5% categories each quarter! It’s free, even if you are not a Chase customer. is an introductory period without finance charges on either purchases, balance transfers or both. Holly Johnson is a credit card and travel expert with a focus on rewards and loyalty programs and family travel in Europe and the Caribbean. full review of the Chase Freedom Flex card here. The daily rate of interest on your purchase is determined by dividing your card’s APR by 365 to find the daily rate of interest and then multiplying that number by your balance. And if … The 0% p.a. Are you sure you want to rest your choices? The only credit card where 'no' is good: no late fees, no penalty rate and no annual fee – ever1. Cash Back rewards do not expire as long as your account is open. Still, there are a few notable downsides to be aware of, the first of which is the 5% balance transfer fee (minimum $10). You can add as many Offers as you’d like to your Card, then just use that Card to pay, and enjoy rewards directly on your statement. On top of that, cardholders with eligible Citi cards participating in Prime Day (Oct. 13-14) and pre-sales leading to it can enjoy paying 0% APR for up to 24 months in a new limited-time offer. With primary credit cards specified in the welcome bonus on your creditworthiness earn 2X points at supermarkets and stations... Debt management and are available upon request a Lawsuit foreign transaction fees or annual fee, gain! Your overall credit card lets you save with 15.49 % APR offers on the credit. 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