Tag Archives: Intro APR

Discover It Cash Credit Card

discover-it-credit-card

Discover It 5% rebate categories changed starting April 1

From April 1 to June 30 Discover cardholders earn 5% cash back rewards on items purchased:

  • at gas stations
  • with Uber and Lyft
  • at wholesale clubs such as Costco

The wholesale club category may be of interest in today’s times. According to an article titled Coronavirus: Six things that are booming in sales. These items are particularly in demand right now:

  • Bicycles and exercise gear
  • Outdoor and indoor games (pool tables)
  • Home and garden items
  • Electrical goods (freezers, computers)

Note there is a $1,500 max spend for the 5% rebate. Amounts over that get only 1% rewards, which limits the extra cash back to no more than $120 per quarter. But that can add up to a bonus of $480 for the first year.


New Account Incentives

  1. Get 0% financing on all your purchases for 14 months from the date of account opening to help spread out the bill for a large purchase, plus the rewards.
  2. For new account holders Discover matches cash back rebates at the end of your first year, that’s up to 10% cash back (limits apply).

Note: if the account is closed before 12 billing cycles complete, there will be no match.


You can redeem your rewards several ways

  1. Statement credit no minimum amount to qualify
  2. Direct deposit to your bank account
  3. Use on purchases at Amazon.com
  4. Buy featured gift cards with $5 added to certain ones, e.g. a Dell $50 gift card can obtained with only $45 cash rewards
  5. Donate to participating charities

All these perks are given to the cardholder with NO annual fee!

Other Discover it Credit Card benefits include

  • Get cash over your purchases, up to $120 per purchase every 24 hours, without ATM fees, at select retail locations, such as Food Lion, Harris Teeter, Walmart
  • 24/7 U.S. based customer service
  • Should you lose your card, you can freeze your account in seconds with an on/off switch with the Discover App on your smartphone or the discovercard website
  • $0 fraud liability guarantee on unknown purchases
  • Free monthly FICO scores to monitor your credit rating
  • Text alerts on account activity
  • Free Social Security number and new account alerts in case of unauthorized access
  • Automatic payments available so you never miss a payment
  • Paperless statement option
  • Year-end expense report and summary

The fine print (subject to change):

  • Annual fee: $0
  • No interest if balance paid in full with 25 days
  • Fee for balance transfer: 5% ($5 min)
  • Fee for cash advance: 5% ($10 min)
  • Fee for foreign transaction: 0%
  • Fee for late payment: $0 first time; $40 after that
  • Fee for returned payment: up to $40
  • Fee for going over your credit limit: $0

 

NHL Discover Card Benefits and Features

NHL Discover Card

NHL Discover Card 5% cash back categories changed beginning April 1

From April 1 to June 30 Discover cardholders now earn 5% cash back rewards

  • at gas stations
  • with Uber and Lyft
  • at wholesale clubs such as Costco

With recent surge of people staying at home wholesale clubs might offer great places to find popular items such as exercise equipment, indoor games, garden items, computers, appliances, and such.

Take note that after a $1,500 quarterly spend the rewards rate drop down to 1%.

Another incentive for new cardholders is that the Discover NHL card automatically doubles all the cash back on net purchases at the end of your first year only as a lump-sum bonus to the account. That 5% cash back becomes 10% savings.

New account holders also receive 0% financing on their purchases, on top of the rewards. However a minimum payment amount is due every month.

Unlike many other cash rewards credit cards, you can redeem the rewards for an account credit with no minimum amount necessary to reach before cashing them in.

Other features include:

  • No annual fee
  • The rewards never expire
  • Use your cash back instantly at Amazon.com checkout
  • $0 Fraud Liability Guarantee
  • Free overnight shipping for card replacement
  • No late fee for your first late payment
  • Paying late won’t raise your APR
  • Track recent FICO® Credit Scores for free
  • No foreign transaction fee

Apply here for your NHL credit card.

15 Best No Interest Credit Card Introductory offers

wallet with credit cardsTired of paying interest on your credit card monthly balances?

Open a new account with no interest charges for a year or more using the 0% APR credit card introductory offers listed below.

Some of them feature interest-free periods as long as 20 months on purchases or 21 months on balance transfers.

A few allow you to transfer card balances without any upfront transaction fees.

You still must make the minimum monthly payments on the credit card account and keep track of when the introductory rate expires.

All of the featured selections also do not charge any annual fee.

LONG PURCHASE PERIODS MONTHS FEES BONUS REWARDS
US Bank Visa Platinum 20 3% $0 0.0%
Wells Fargo Platinum Visa 18 3% $0 0.0%
HSBC Gold Mastercard 18 4% $0 0.0%
Chase Slate 15 0% $0 0.0%
Amex Blue Everyday 15 3% $150 1-2-3%
Chase Freedom Unlimited 15 5% $150 1.5%
Wells Fargo Cash Wise Visa 15 3% $150 1.5%
Wells Fargo Propel American Express® 12 3% $200 3% or 1%
LONG BALANCE TRANSFER PERIODS MONTHS FEES BONUS REWARDS
Citi Simplicity 21 3% $0 1.0%
Citi Diamond Preferred 21 5% $0 1.0%
US Bank Visa Platinum 20 3% $0 0.0%
ABOC Platinum Mastercard 18 3% $150 1.0%
Wells Fargo Platinum Visa 18 3% $0 0.0%
HSBC Gold Mastercard 18 4% $0 0.0%
NO BALANCE TRANSFER FEES MONTHS FEES BONUS REWARDS
Chase Slate 15 0% $0 0.0%
BankAmericard credit card 15 0%* $0 0.0%
Edward Jones World Mastercard 12 0% $100 1.0%
Perdue Federal Signature Visa 12 0% $0 1.0%
La Capitol FCU Cash Back Visa 12 0% $0 0.0%
Alliant CU Platinum Rewards 12 0% $50 2.0%

* First 60 days of account opening

Cards with no balance transfer fee

Save on costly balance transfer fees with this group of cards. Some are lesser-known financial institutions who offer great deals.

Chase Slate

  • Long 0% Introductory APR (15 months) with no balance transfer fee.
  • The  transfer must be made during the first 60 days of account opening.
  • Monthly FICO® Score and Credit Dashboard for free

BankAmericard credit card

  • Long 15 month introductory no interest APR period on purchases and balance transfers
  • 0% balance transfer fee during first 60 days; 3% thereafter
  • Basic low interest card for uncomplicated life styles

Edward Jones World Card

  • Must be an Edward Jones client to receive credit card
  • No balance transfer fee for first 60 days
  • $100 Loyalty Invest™ Deposit bonus after making $500 in purchases within 90 days of opening account
  • Creditor and issuer is Elan Financial services

Perdue Federal Visa Signature

  • One-time $50 fee to join Purdue University Alumni Association as a Friend of the University
  • No cash advance fee
  • Earn 1.25 rewards points per $1 spent on purchases with card

La Capitol Federal Credit Union

  • Must pay a modest $20 fee to join the La Capitol Federal Credit Union by becoming a member of the Louisiana Association for Personal Financial Achievement
  • 0% APR for 12 months is only valid for balance transfers, not purchases, made within first 90 days of account opening
  • 1.99% APR on purchases made within the first 90 days for 12 months

Alliant Credit Union

  • Must be a member of the Alliant credit union, which anyone can do with a $10 donation towards Foster Care to Success.
  • 1 rewards point for every dollar spent with card
  • Earn 10,000 bonus points with qualifying spend

Cards with balance transfer fees

Balance transfer fees take away some of the benefits of 0% financing. New purchases may not incur interest charges during the introductory period, but transfer fees may add hundreds of dollars to your spend.

Citi Diamond Preferred

  • Longest zero-interest intro APR for new accounts at 21 months of zero percent financing
  • 0% APR for balance transfer is subject to an upfront 3% fee and must be completed with 4 months of account opening
  • Purchases receive interest-free financing for 12 months
  • Enjoyed the many privileges of Mastercard Diamond Preferred membership

Citi Simplicity

  • Longest no interest intro APR for new accounts at 21 months of zero percent financing
  • 0% APR for balance transfer is subject to an upfront 3% fee and must be completed with 4 months of account opening
  • Purchases receive interest-free financing for 12 months
  • No late fees, no penalty rate and no annual fee

US Bank Visa Platinum Card

  • Long 20 month 0% intro APR period to pay off large purchases
  • 0% intro APR is only valid for transfers within first 4 months of account opening and a 3% balance transfer fee will be charged.

Wells Fargo Platinum Visa

  • No interest APR for first 18 months on purchases and balance transfers
  • Free cell phone protection up to $600 ($25 deductible) on phones purchased with Wells Fargo credit card.
  • Free access to your FICO® Credit Score with Wells Fargo Mobile® Banking.

American Express Blue Cash Everyday Card

  • 15 month introductory no interest APR period on purchases and balance transfers
  • 3% balance transfer fee
  • $150 Bonus after spending $500 on purchases in first 3 months from account opening (see details for restrictions)
  • 3% back on groceries, 2% back on gas, 1% back elsewhere

ABOC Platinum Rewards Mastercard

  • No interest APR for first 18 months on balance transfers
  • No interest APR for first 12 months on purchases
  • 3% fee for balance transfers

HSBC Gold Mastercard

  • No interest APR for first 18 months on purchases and balance transfers
  • 0% intro APR is only valid for transfers within 60 days of account opening and a 4% balance transfer fee applies.

Chase Freedom Unlimited

  • $150 Bonus after spending $500 on purchases in first 3 months from account opening (see details for restrictions)
  • Longer than normal 15 month 0% intro APR period
  • Stiff 5% balance transfer fee
  • Unlimited 1.5% cash back on net purchases with credit card

Wells Fargo Propel American Express®

  • $200 introductory bonus and 0% APR for 12 months makes for compelling case
  • Earn 3x points at gas stations and dining in or out, 1x on other purchases
  • Great features for no annual fee card.

Wells Fargo Cash Wise Visa®

  • $150 introductory bonus and no interest for 15 months
  • Simple unlimited 1.5% cash rewards keep on giving
  • Get the Visa suite of features and benefits

US Bank Platinum Credit Card

0% APR for 20 billing cycles with new US Bank Platinum Visa Card

US Bank credit card Platinum Visa

Good for a limited time only new cardholders of the US Bank Platinum Visa still need to make monthly minimum payments. That’s typically 1% of the statement balance plus any fees. For example $5,000 balance would require at least a $50 payment for that billing period.

The promotion also extends to balance transfers with a one-time 3% upfront fee. Spread over 20 months, the real APR for fee comes out to less than 2% per year.

No annual fee means a true low-cost way to manage purchases.

The US Bank has many great features to help deal with unexpected events.

  • Enroll in automatic bill pay to never miss a payment
  • Choose your own payment date, e.g. after paycheck clears
  • Zero fraud liability
  • Free TransUnion FICO Credit Score (updated monthly)
  • Cell phone damage protection (limits apply)
  • Worldwide Visa acceptance
  • Free online and app account access
  • Verified by Visa online shopping protection
  • Grace period of 24-30 days before payment is due
  • No over-limit fee

The US Bank Platinum Visa does not pay any rewards on purchases, nor give an introductory bonus on purchases. A possibility is earn upfront rewards of 2% from another card and transfer that purchase to this one to spread out the bill over time.

Get terms and conditions on this limited-time offer before applying.

Here are some other credit cards with introductory no-interest APR offers on purchases.

BankAmericard credit card

  • Length: 18 months
  • Annual fee: None
  • Bonus: None
  • Rewards: None
  • Type: Mastercard

American Express

  • Length: 15 months
  • Annual fee: None
  • Bonus: $150 ($1,000 spend within 3 months)
  • Rewards: 3% in supermarkets, 2% at gas stations, 1% elsewhere
  • Type: American Express

Capital One Quicksilver Cash Rewards

  • Length: 15 months
  • Annual fee: None
  • Bonus: $150 ($500 spend within 3 months)
  • Rewards: 1.5% on eligible items
  • Type: Mastercard

Chase Freedom

  • Length: 15 months
  • Annual fee: None
  • Bonus: $150 ($500 spend within 3 months)
  • Rewards: 1%, with 5% in rotating categories
  • Type: Visa

Discover It Cash Back

  • Length: 14 months
  • Annual fee: None
  • Bonus: Cash Back match in first year
  • Rewards: 1%, with 5% in rotating categories
  • Type: Discover