answersLogoWhite

0


Best Answer

Collecting interest is how a lender makes its money. While it is not in a bank's best interest to issue "interest free" credit cards, most do extend such offers for limited periods of time. For example, a lender might extend an offer for a card that is interest-free for 12 months. After that, the lender hopes the cardholder will keep and use the card though it would then have interest. So while you may be able to secure an interest-free card, it won't always be interest-free. The best way to avoid interest on a credit card is to pay it off each month.

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Do banks offer interest free credit cards?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Which banks offer credit cards with 0 percent interest?

Unfortunately no banks offer a credit card with purely 0 percent interest rather, they offer an introductory period where, for a certain period of time, the interest will be zero percent.


What are some low interest military credit cards?

Several banks and financial institutions offer low interest military credit cards. USAA, Navy Federal Credit Union, Bank of America, and Chase all offer military credit cards at varying rates.


How can banks offer interest free credit cards?

Banks can offer interest free credit cards because the Federal Reserve Bank has kept interest rates so low. However, many of these credit cards still have annual fees, late payment fees, and higher rates if you become delinquent and others. Some of these are also only for limited periods.


Which banks offer a no fee on credit cards?

Many banks offer a no fee on their credit cards. For example, banks such as Natwest, RBS and Halifax all currently offer a no fee Balance transfer on their credit cards.


What banks offer credit cards for college students?

Wells Fargo offers the best low-interest credit cards. They are great for those just starting out.


Which banks offer the cheapest student credit cards?

Many banks offer student credit cards. The interest rates and fees of the credit cards generally vary based on the student's credit score. Discover It offers a reasonable credit card for students. Additionally, State Farm also has a reasonable credit card for students.


Where can one find credit card with low rates?

There are many credit card companies and financial institutions which offer credit cards at low interest rates. Many banks such as RBC, Capital One and Scotiabank all offer low interest credit cards which one can apply for.


What banks offer commercial credit cards?

Banks that offer commercial credit cards include Bank of America, Bank of the West, and US Bank. They offer several types of credit cards, individual, and for business.


What credit cards offer low interest balance transfers?

The credit cards that offer low interest balance transfers are from Bank of America, Wells Fargo, Chase. There are many credit cards that offer 0% interest.


Which are the major Australian banks that offer credit cards?

Most of the major Australian banks do offer credit cards. Some of the banks that do offer them include the "big four" banks of ANZ, Westpac, Major St. George and NAB.


Do banks sell first time credit cards?

Banks do not sell credit cards but rather offer first time credit cards to those trying to build their credit. RBC, TD, and CIBC all offer first time credit cards to their clients.


Where can you find low interest rate credit cards?

Online credit companies have several low interest rate credit cards, or you can try a bank such as Capital One Citi financial. Many banks offer low interest rate credit cards as long as you keep the payments up to date, and manage your money wisely.