What Are the Best 0 APR Credit Cards for Cash Advances?

What Are the Best 0 APR Credit Cards for Cash Advances?

Cash advances can be a lifesaver in emergency situations, but they can also come with high interest rates that can quickly add up. That's why having a credit card with a 0% APR on cash advances can be a valuable tool. In this article, we'll explore the best credit cards with 0 APR on cash advances and some important considerations when choosing one.

Chase Freedom Unlimited

The Chase Freedom Unlimited is an excellent choice for those looking for a credit card with 0 APR on cash advances. The card offers a 0% introductory APR for the first 15 months on purchases and balance transfers, and also on cash advances. The card also has no annual fee and offers cashback rewards on purchases.

Wells Fargo Platinum Card

The Wells Fargo Platinum Card is another great option for a 0% APR credit card for cash advances. It offers a 0% introductory APR for the first 18 months on purchases and balance transfers, and also on cash advances. The card has no annual fee and offers additional benefits, such as cell phone protection and travel accident insurance.

Citi Diamond Preferred Card

The Citi Diamond Preferred Card is a good choice for those who want a longer period of 0% APR on cash advances. It offers a 0% introductory APR for the first 18 months on purchases and balance transfers, and also on cash advances. The card has no annual fee and also offers additional benefits, such as travel accident insurance and 24/7 concierge services.

Considerations When Choosing a 0 APR Credit Card for Cash Advances

When choosing a credit card with 0 APR on cash advances, there are a few important considerations to keep in mind. First, make sure to read the fine print and understand the terms and conditions of the card. Some cards may have a limit on the amount of cash you can withdraw or charge a fee for cash advances.

It's also important to consider the regular APR after the introductory period is over. If you're not able to pay off the cash advance before the 0% APR period ends, you could end up with a high-interest rate that could be difficult to pay off.

Additionally, make sure to consider other benefits and rewards offered by the credit card, such as cashback rewards or travel benefits. These can add value to the card and help you save money in the long run.

Tips for Using a Credit Card Wisely

While credit cards can be a valuable tool, it's important to use them wisely to avoid debt and financial trouble. Here are some tips for using a credit card wisely:

- Always pay your balance in full and on time to avoid interest charges.

- Avoid carrying a balance on your credit card, as this can quickly lead to debt.

- Keep your credit utilization low, as high utilization can negatively impact your credit score.

- Monitor your credit card statements regularly to ensure that there are no unauthorized charges.

- Avoid using your credit card for frivolous purchases and only use it for necessary expenses.

In conclusion, having a credit card with 0 APR on cash advances can be a valuable tool in emergency situations. When choosing a card, be sure to consider the terms and conditions, regular APR, and other benefits offered. And remember to use your credit card wisely to avoid debt and financial trouble.