0 interest credit cards can be a handy tool when you are looking for a temporary plan to lower the amount of interest you pay every month while paying down debt. Although they are not as prevalent as they once were they do still exist.
Right now the Discover More card is offering 0% APR on balance transfers along with several other perks such as 5% to 20% cash back bonuses at select retailers.
Citi Bank also has several 0% APR offers on balance transfers. They are not offering as sweet of a deal on rewards however, they use Visa and Mastercard which are more widely accepted.
American Express is offering a deal at 1.99% APR for 6 months which is also not too bad. One perk to using the TrueEarnings card is that there is no limit to how many rewards you can earn. With this card you can earn 3% annually for gas, 2% for travel and 1% for everything else. Not too shabby.
One of my favorite things to do is apply for a no interest credit card with a low cash advance fee. I wait for them to send me those infamous blank checks in the mail with a 0 interest introductory rate. As soon as I receive it I take a cash advance for the maximum amount and deposit it into my High Interest Checking Account. You pay upwards to $100 at first but soon recover this as you receive interest from your checking account. You must keep the money in your account and not spend it. At the end of the 0% period give them their money back in full and enjoy the interest that you just earned.
Whichever card you choose just remember that the 0% offer always expires and usually converts to a high APR. If you plan to apply for one of these cards just remember that they are extremely effective when it comes to getting you into deep debt. It is easier to spend money when you know that you are not paying interest on it. Suddenly your introductory period expires and you are stuck with thousands in debt and no plan to eliminate it.