What credit score do you need for a 0% APR card?

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Are you thinking of applying for a no interest credit card? Credit cards with 0 percent introductory APR offers can help you finance a big purchase, pay off old debt and save money on monthly interest. However, many people do not know that they need the best to be accepted for one of the Best no interest credit card today.

What credit score do you need for a 0 percent APR card? In most cases, you need a FICO score of at least 670 or a VantageScore of at least 661. If you’re still working building good credit, never mind. You can always improve your credit score before applying, or you can consider other low interest loans like a personal loan.

Here’s what you need to know about 0 percent intro APR cards, including why you need good credit to apply and what to do if your credit isn’t up to scratch.

0% APR card requires good to good credit

In most cases, 0 percent APR credit cards are desirable good or excellent grades. This means you need a FICO credit score at least 670 or so VantageScore credit score not less than 661. If any excellent or excellent creditThis means a FICO score of at least 799 or a VantageScore of at least 781, you will be more likely to be accepted.

Why do credit card companies require a high score for these types of cards? Investors want to make sure you don’t Default on your credit card, especially since they offer you several months without interest on your purchases. If you make purchases and can’t pay, the credit company can lose money – that’s why these lenders want to make sure that the best 0 percent intro APR card goes to customers may be reimbursed.

Of the Capital One SavorOne Cash Rewards Credit Card, for example, offers a 0 percent intro APR for 15 months on purchases and balance transfers (after that, it’s a 19.24 percent to 29.24 percent variable APR), and Capital One’s website says The credit rating required for this card is “excellent.” If you want a period that is better known as APR, it is Wells Fargo Reflect® Card offers up to 21 months of 0 percent intro APR (17.24 percent to 29.24 percent variable APR thereafter) on purchases and eligible balance transfers. And, although Wells Fargo does not specify what score is recommended to use, our research shows that people with good or better credit are more likely to be approved.

Are there 0% APR cards for bad credit?

Most credit cards for bad credit do not include introductory 0 percent APR offers. However, the majority of best credit card for bad credit can help you build your credit score while reducing your monthly interest payments. Credit cards for bad credit are often offered low credit limit, which can make it easier to manage your monthly utility bill. All you have to do is make a few small purchases on your card each month and pay your account balance in full when it arrives. If you pay off your balance before your grace period ends, you won’t pay interest on your purchases.

Check out 0% APR cards

Apply for a low interest credit card

If you have one reasonable credit score and a buy a lot When it comes, consider applying for a low interest credit card. Most of these days lowest interest credit card available to people with fair or good credit, giving you the opportunity to carry a balance without incurring high interest rates. Remember that the interest rate is on your credit card together over time – this means that even if you have a low interest rate card, you still want to pay off your balance as soon as possible.

Lower your current interest rate

If you have bad credit and low credit score, consider asking your lender lower your current interest rate. Most loan companies will lower your interest rate if you ask, especially if you are facing an unexpected financial crisis. If you have a history of fast paymentyou have a better chance of getting your application accepted.

Find relief

If you have bad credit and a lot of debt, you may want to consider debt relief. While credit assistance services they have their pros and cons, many people use them with success consolidate their debt and lower their monthly payments. You may also want to consider taking out a personal loan — especially if you can secure a loan with a lower interest rate than what you’re paying on your credit cards. You can use a personal loan to pay off your high-interest credit card debt, then pay off the personal loan at a lower interest rate.

Wait and build your scoreboard

If you’re hoping to use a 0 percent intro APR card to finance a big purchase without paying interest, you might want to wait and build your credit score before you ask. That way, you get the benefits of no interest and the benefits of good credit.

The bottom line

In most cases, you need a good or excellent credit score before you can successfully apply for a 0 percent intro APR card. This means a FICO credit score of at least 670 or a VantageScore of at least 661. If your credit score isn’t there yet, you may want to build your credit before applying for a loan. no interest credit card. You may also want to apply for a low interest credit card or a low interest personal loan, both of which can help you save money on interest. even if you don’t have good or good credit.

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