Check Discover Card for 12 Month 0% APR Offer
If you have a Discover card, it could be a good time to check for 0% APR offers. Discover is known for giving out these offers from time to time, and now it could be even more helpful then usual. Just chat with a representative and ask if you are eligible for any promotional APR offers. The most common offer is 0% APR for 12 months. If you are targeted for such an offer, you can just make minimum payments and carry a balance without being charged any interest for a year.
You can call in or go on their website to chat with a representative. I actually think this is easier in the app. Log in, click ‘More’ at the lower right corner, then ‘Contact Us’, and then ‘Messaging’. Here you can chat with a representative and ask for the promotional rate offer. I also prefer doing this in the app or online, so I have something in writing.
You should be cautious with these offers though. Yes there is no interest for 12 months, but you will pay interest for the whole period if you do not pay your balance in full after 12 months. So make sure you spend within your means and you have enough in your bank account to cover the total balance at the end of the promotional period. You could put money monthly into a savings account, so you earn some interest during that time, and also have the money set aside to pay your card when it’s due in full.
New Cardmember Offer
If you do not have a Discover card, you can do even better with a signup offer. You get 14 months of 0% APR for purchases and balance transfers and a $50 bonus.
- Get a $50 Statement Credit after you and make your first purchase within 3 months of being approved.
- 0% intro APR for 14 months from date of account opening. After the intro APR expires, your APR will be 11.99% to 22.99% based on your creditworthiness.
- 0% intro APR for 14 months from date of first transfer, for transfers under this offer that post to your account by July 10, 2020.
- APPLY HERE (my referral)
You can find more 0% APR cards here (some links might be outdated).