Free Credit Card US

By: EconomyWatch Content   Date: 29 January 2010

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A free credit card remains a distant dream till credit card issuers choose to pursue philanthropy rather than business. There are, nevertheless, a few options available in the market that are as close to being free as it can get with credit cards.

Free credit cards, typically, stand for cards that offer introductory interest free periods. In their bid to acquire more consumers, issuers offer credit cards with different durations of introductory periods.

Top Options for Free Credit Card US

Shopping for credit cards entails watching out for minute details. Factors, such as the interest rate after the introductory period or the annual fees, should be assessed carefully.

Based on an overall assessment of all the factors concerned, mentioned below are a few good options for the so-called free credit cards in the US:

·        Chase Freedom credit card:This card comes with a 3% cash back on gas, home improvement and other select products. The card has no annual fee and offers an interest free period of six months.    

·        Citi Platinum Select MasterCard:The card offers an interest free period of up to 12 months and comes with a low interest rate of 11.99%. The card also features the trademark Citi Identity Theft solutions.

·        Capital One No Hassle Miles Rewards:With no annual fees and an interest rate of 13.90%, this card comes with an attractive reward point scheme as well. Consumers earn 1 reward point for every dollar spent till $1,000 per month. Every dollar spent beyond $1,000 earns 2 reward points. Moreover, the card does not attract any transaction fees at foreign destinations.

·        Discover More card:The card comes with an introductory period of 6 and 12 months for purchases and balance transfers. Consumers get 5% cash back on purchases pertaining to travel, home improvement or restraints. The card comes with an interest rate of 11.99%.  

·        Discover More card - American Flag:The card offers an interest free period of 6 months and charges an interest of 11.99% annually. Consumers can earn up to 20% cash back on exclusive online shopping sites.      

Most of these cards are attractive during the first few months. However, even after the introductory period, credit cards may remain attractive due to cash back and reward schemes. The only thing one must ensure is timely payments.


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