Credit Cards with 0% Interest on Purchases

It’s holiday season so everyone’s looking for a little edge, that’s why I’ve compiled a list of credit cards that will offer you 0% interest on purchases for up to 12 months. You shouldn’t be apply for these cards if you don’t plan on paying off the debt after the 0% promotional period because carrying credit card debt is probably the worst financial decision you can make. Instead, I recommend that you make your holiday purchases, whether it’s gifts, travel, or something else; then put that money into a high yield savings account like ING Direct, and collect the interest for the next 6 - 12 months. $2,000 can turn into about $90, which is worth a nice little dinner for two next holiday season, consider it a gift from me to you.

Also, earlier I wrote “up to 12 months,” but as you’ll see below, I don’t list any cards where the promotional period is less than “up to 12 months.” That’s credit card company speak for “we’ll give those applicants who are qualified a period of 12 months” and gives them the latitude to give less if they feel like it. I would guess that 12 months is more typical than less than twelve months. The six month cards simply can’t give you twelve months, so I didn’t list them. I figure twenty-plus cards is enough to get you going anyway.

1. Discover Platinum - 0% on purchases (and balance transfers) for up to 12 months.
2. Discover Open Road Card - 0% on purchases (and balance transfers) for up to 12 months, also 5% cashback bonus on gas and auto maintenance, 1% on everything else.
3. Discover More - Sea Life Collection - 0% on purchases (and balance transfers) for up to 12 months.
4. Discover More - Wildlife Collection - 0% on purchases (and balance transfers) for up to 12 months.
5. Discover More - American Flag Collection - 0% on purchases (and balance transfers) for up to 12 months.
6. Discover More - Clear - 0% on purchases (and balance transfers) for up to 12 months.
7. Discover Miles - 0% on purchases (and balance transfers) for up to 12 months, 12000 bonus miles with first purchase.
8. Blue from American Express - 0% on purchases (and balance transfers) for up to 15 months.
9. Discover Business - 0% on purchases (and balance transfers) for 12 months, also 5% cash back on office supplies, 2% on gas, and up to 1% on everything else.
10. Chase Business Cash Rewards - 0% on purchases (and balance transfers) for up to 12 months.
11. Chase Visa Platinum - 0% on purchases (and balance transfers) for up to 12 months.
12. Chase MasterCard Platinum - 0% on purchases (and balance transfers) for up to 12 months.
13. Chase Platinum Visa Business - 0% on purchases (and balance transfers) for up to 12 months.
14. Clear from American Expresss - 0% on purchases for 12 months.
15. The Platinum Business Credit Card from American Express - 0% on purchases for 12 months.
16. Citi Platinum Select Card - 0% on purchases (and balance transfers) for up to 12 months.
17. Citi Diamond Preferred Card - 0% on purchases (and balance transfers) for up to 12 months.

Lastly, this post was the suggestion of a friend of mine who wanted to see this list because they’re planning on buying me a big holiday gift.