0 Credit Card: Zero Credit Card

There are a whole lot of Credit Cards available in the credit card market which claim to be 0 Credit Card or Zero Balance Credit Card or Zero Interest Credit Cards. But which card to choose from among all the available 0 Credit Cards is the biggest question that each individual considers.

In this article, we will discuss about some of the points that one must keep in mind while selecting and applying for 0 Credit Cards. A common tactic by credit card companies is to offer people a 0 percent rate on balance transfers. The business of balance transfer works as follows: If you transfer the outstanding balance on your old credit card, the new credit card company will charge you 0 percent interest on the transferred amount.
Though the deal appears to be neat and clean, but there can be a charge for that service and that can be as high as 3% of the balance transferred from your old credit card to the new credit card. And also, this will be taken from you upfront. Otherwise there may be some conditions attached to the balance transfer like you must be required to make purchases worth a certain amount each month.
Then there is a problem with the rate of interest charged on the credit card which may be variable in nature.

Zero percent purchase credit cards are specially suited for credit savvy consumers looking to make free purchases for 12 months or more without having to pay the amount back until the end of the promotional offer period.

With 0 interest purchase credit cards, cardholders accrue no monthly interest charges for purchases they make for the duration of the card's introductory and promotional period, which usually lasts about 12 months (but can vary anywhere from 6 to over 15 months). Each month's minimum statement balance (usually small) still needs to be timely and regularly paid off to avoid any unintended late payment fees or penalties.

As available on various sources on the internet, here is a list of top 10 Credit Cards which claim to Offer Both 0% Purchases And 0% Balance Transfers:
1. Chase Flexible Rewards Platinum Visa - 0% for purchases and balance transfers (both 12 months)

2. Chase Free Cash Rewards Visa - 0% APR for purchases and balance transfers (both up to 12 months)

3. Chase Perfect Card - 0% APR for purchases and balance transfers (both 6 months)

4. Chase Platinum Visa Card - 0% APR for purchases and balance transfers (both 12 months)

5. Citi Diamond Preferred Card - 0% APR for purchases and balance transfers (both 12 months)

6. Citi Platinum Select Card - 0% APR for purchases and balance transfers (both 12 months)

7. Discover More Card - 0% APR for purchases (6 months) and balance transfers (12 months)

8. Discover More Card - Clear - 0% APR for purchases (6 months) and balance transfers (12 months)

9. Discover Open Road Card - 0% APR for purchases (6 months) and balance transfers (12 months)

10. Washington Mutual ESPN Card - Get your free FICO credit score every month. The card also offers 0% APR for both purchases and balance transfers with no balance transfer fee (6 months).