Best 0% Interest Credit Cards for February 2013, According to Creditnet.com

Creditnet.com (http://www.creditnet.com), a leading credit card comparison site, today announced its list of the best 0% interest credit cards for February, 2013.

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Creditnet.com

Creditnet announces the best 0% interest credit cards for February 2013

0% interest credit cards are a great debt consolidation tool for consumers in the post-holiday months.

San Diego, Calif. (PRWEB) January 31, 2013

0% interest credit cards are a great debt consolidation tool for consumers in the post-holiday months. Credit cards with 0% intro periods that apply to both balance transfers and purchases alike allow consumers to go interest-free on credit card bills for anywhere from six to 18 months.

According to Creditnet.com, a leading credit repair authority online, 0 interest balance transfer credit cards can save consumers tons in interest while consolidating post-holiday credit card debt. As consumers look to settle up on credit card debt from Christmas 2012, applying for a new card with 0 interest on balance transfers in February 2013 is a significant step in the right direction.

Taking that into consideration, Creditnet today released its picks for the best 0% interest credit cards of February 2013. Factors include the length of a zero interest credit card's intro period, ongoing rewards and credit card sign-up bonuses.

Here are Creditnet's picks for the best 0 interest credit cards for February 2013:

Best 0% Interest Card for Consolidating Debt: Citi Simplicity® Card

The Citi Simplicity® Card is a leading debt consolidation credit card for several reasons. Creditnet pointed to the card's 18 month intro period - which applies to balance transfers and purchases - and the fact that the Simplicity® Card does not charge late fees or hike interest rates after late payments as its most impressive attributes.

According to Creditnet, consumers hoping to consolidate debt won't find a credit card that's easier to manage and keep track of. And its 18 month intro period allows consumers to pay down debt interest free for up to a year-and-a-half, tied for the longest of any card on the market today.

Consumers hoping to make a transfer on the Citi Simplicity® Card can expect to pay 3% of the total balance transferred, the standard rate for balance transfer credit cards. Overall, this is Creditnet's favorite debt consolidation card for February 2013.

Best 0% Interest Card for Cash Back: Discover it™ Card™ - 18 Month Balance Transfer

For consumers hoping to transfer a balance onto a cash back card with 0% interest, Creditnet.com recommends the Discover it™™ - 18 Month Balance Transfer Card.

The newest cash back card from Discover, this 0 interest card features an 18 month 0% interest intro period that applies to both balance transfers and purchases. The cash back program features a 5% Cashback Bonus® for up to $1,500 made on purchases in rotating categories that change each quarter, and 1% cash back on all other purchases.

Known for its U.S.-based service, Discover has long been a leader when it comes to customer service, and its new Cashback Concierge (SM) feature is just another perk for Discover members hoping to speak with live support. Like the aforementioned Citi card, the transfer fee on this 0 interest card is 3%.

Consumers with good-to-excellent credit hoping to consolidate debt while earning cash back rewards will be hard-pressed to find a credit card better than the Discover it™™ - 18 Month Balance Transfer Card, according to Creditnet.

Best 0% Interest Card With a Sign-Up Bonus: Chase Freedom® Card

The Chase Freedom® Card rewards consumers that spend $500 or more in the first three months of the account opening with a $100 cash back bonus. The Chase Freedom® Card also includes 5% cash back on up to $1,500 in purchases made in rotating categories that change each quarter, plus a full 1% cash back on all other purchases.

The 0% intro period on the Chase Freedom Card is 15 months and applies to balance transfers and purchases, and the fee to transfer a balance is 3% of the entire balance being transferred. This credit card is for consumers with good to excellent credit (as are the above zero interest credit cards), and consumers can choose from both a MasterCard and Visa version of the Chase Freedom® Card.

Overall, Creditnet.com recommends consumers struggling to pay back credit card debt because of interest fees transfer that debt to a new, 0% interest card. And the credit cards listed above are three of the best when it comes zero interest cards for February 2013.

About Creditnet:
Since 1995, Creditnet.com has been an online authority for credit information, credit card comparisons and consumer credit advice. Creditnet hosts the web's oldest credit discussion blog - Credit Talk - and Creditnet is a HUB for credit news, weekly credit tips and credit card reviews.


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