Do banks offer interest free credit cards?

1 Answer

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.

Related questions

Description : What companies offer interest-free credit cards?

Last Answer : Here is a site that talks about interest free for 18 months credit cards www.moneysavingexpert.com Cards , Here is a site that talks about credit cards www.moneysupermarket.com/credit-cards

Description : What are some banks that offer pinless atm cards?

Last Answer : You mean an ATM card that you can use as a debit card? If you search for “debit card” you’ll probably get farther. I’m a fan of credit unions, and both the credit unions I’ve used in the past year offer debit cards by default.

Description : Can money be deposited or employed in a bank or association ? Many banks or associations in our country have interest , is it legal to deposit money or work in these banks or associations ? And if someone works in such an association or bank, is it permissible to offer prayers behind him ?

Last Answer : Conventional banks or associations are based on interest economy. The exchange of interest is the main work of these banks or associations. In the present capitalist economy, these banks are the main means of ... 3 More See books like Ahsanul Fatawa-3/209 , Imdadul Fatawa-1/411 , Gunia-480 etc.

Description : What banks offer the best interest rates on a debt consolidation loan in the Boston area?

Last Answer : There are a lot of banks that offer good interest rates on debt consolidation loans. The best one to choose is Regions.

Description : What banks in the Chicago area offer savings accounts with the best interest rates?

Last Answer : wwww.bankaholic.com gives readers an extensive look at all current savings accounts offered by all major banks and credit unions. On this site, you will be able to find the ever-changing interest rates, as well as reviews on many banking institutions in the Chicago area.

Description : What banks offer High Interest Rate Savings Accounts?

Last Answer : AIG online savings accounts seem to offer the best interest rates. As for brick-and-mortar banks, rates don't differ much, maxing out at around 2%.

Description : What banks offer a High Interest Rate Savings Account in Wilmington, NC?

Last Answer : You have several banks to choose from for a good rate. I would use Bank of America.

Description : Which banks offer the lowest mortgage interest rates?

Last Answer : It depends on your situation. Some banks will be able to give you better rates than others who usually are higher and vice verse.

Description : What banks offer online savings accounts with high interest payouts?

Last Answer : There are several banks that offer online savings accounts with high interest payouts. The best banks to use for this are Suntrust and America's First Bank.

Description : B) CaixaBank Explanation: As per the agreement, they will expand banks guarantee transaction businesses by jointly providing credit to Indian-Spanish joint ventures and Indian local ... finance and export credit agency finance, infrastructure finance and networking services, among others.

Last Answer : Recently an Indian bank launched next generation features on its app „iMobile‟ which will enable customers to instantly pay taxes and book railway tickets within the app. Name the bank. A) Federal Bank B) Punjab National Bank C) Kotak Mahindra Bank D) ICICI Bank E) Bandhan Bank

Description : "Are there any credit cards that pay interest like a savings account?

Last Answer : You mean a debit/credit card? I have one of them.

Description : Does anyone have any suggestions for good credit cards (good rewards program, low interest, etc.)?

Last Answer : I LOVE my JetBlue American Express Card. Now, I take a vacation every year and my flight is always free.

Description : Are there any credit cards available with a permanent 0% interest rate?

Last Answer : No, there are no credit cards available with a permanent 0% interest rate. You can however get the low interest rates one at www.which4u.com.au/credit-cards/lowest-interest-rate -

Description : Which would be better to do, pay of a closed credit card that is at a good rate or pay off the open credit card that has a much higher interest rate Both cards have a large balance.?

Last Answer : It is better to pay off the open card that has the higher interest rate.

Description : Which credit cards have the lowest interest?

Last Answer : There are many credit companies offering low and competitive interest rates, which depend on the individual's credit rating. Some of the best companies are Citi Simplicity and Slate from Chase. ... Other companies with low and/or competitive rates are BarclayCard MasterCard and the Discover It Card.

Description : What interest do department store credit cards charge?

Last Answer : Department store credit card interest rates very from store to store. The rates could be as low as 10% and as high as 30% per year. Check with each individual store.

Description : Are there any banks that offer a quick approval for a credit card online?

Last Answer : There are several banks taht offer quick online approvals. I would suggest trying capital one for your credit card needs. If you have good credit you can usually get an approval in about fifteen minutes ... your credit is not a-one you can still get instant approval from Orchard Bank or Premier Bank

Description : Are there any companies who offer credit cards for people with bad credit?

Last Answer : There are several cards available to those with poor credit. You can review available offers at www.BadCreditOffers.com.

Description : Which companies offer instant approval credit cards?

Last Answer : There are a number of credit card companies that offer instand credit approval. In my research, I have found that in the US both Bank of America and Chase Bank offer these cards.

Description : Do Credit Cards With Best Rewards Programs Offer Cash Rewards?

Last Answer : There are many different credit card commercials on TV that tout rewards programs. It seems as though each credit card promises to give you the best rewards program possible. Some offer double points on your ... best for you, be sure to read the fine print and compare all of the options available.

Description : Does Bank of America offer secured business credit cards?

Last Answer : Bank of America is a huge, well established corporation which offers multiple types or credit cards. You can apply for a secure business card by phone or online application.

Description : Does Bank of America offer 0% credit cards?

Last Answer : Bank of America will give you 0% but it is a teaser rate. It will only be for a limited time period and then the rate adjusts to 9.99%.

Description : What credit card companies offer cards to people with no credit history?

Last Answer : My advice is to talk to your banker. Someone with a bad debt credit card should not have another credit card until they have paid off any debts before they further it. Companies will give you prepaid debit cards for people in this situation.

Description : Banks can not generally accept interest-free deposits. which of the following is an exception to this rule? A. Current Account B. Savings Account of Minors C. Deposit from Minority groups D. BSBDA E. None of the Above

Last Answer : A. Current Account Explanation: Banks cannot accept interest free deposits other than in current account.

Description : What online banks offer free checking?

Last Answer : There are several online banks that offer free checking. Bank of America has a free MyAccess checking when an account is opened online. Huntington Bank also has free checking that features free mobile and text banking.

Description : Do banks offer free loan training to their employees?

Last Answer : Bank Loan officers are well trained before the bank hires them. The banks then train their loan officers with their own policies and loan products. When a bank employee becomes a loan officer, the ... , not in three-day course. Individuals are paired with experience loan officers to learn the ropes.

Description : Are there any major banks that offer a free checking account without direct deposit?

Last Answer : Yes there are. From personal experience I can tell you Associated Bank offers a free checking account without direct deposit.

Description : Which banks offer free checking with direct deposit?

Last Answer : US Bank offers free checking with direct deposit. Wells Fargo and Bank of America are two others that offer free checking with direct deposit. All of these banks have locations around the United States.

Description : What banks in Omaha, NE offer free checking accounts ?

Last Answer : Washington Mutual 8949 Sorensen Pkwy, Omaha, NE‎ - (402) 573-8440 and Boys town mutual (402) 498-1108‎

Description : Which of the following services can be offered by Payment Banks? A. Debit Cards B. Online Banking C. Mobile Banking D. All of the Above E. None of the Above

Last Answer : D. All of the Above Explanation: Payments banks can issue services like ATM cards, debit cards online banking and mobile banking.

Description : how can i get free money to pay off my credit cards?

Last Answer : how can it get free money to pay off my credit cards

Description : A) PayUmoney Explanation: It can allow even the smallest of merchants to start accepting card based payments. It can accept all credit/debit cards. The POS terminal is easy to set up, can be ... , a merchant can start using a PayUmoney POS terminal within 48 hours of signing up for the service.

Last Answer : Which of the following company launched “Receive and Win” campaign for Ramzan? A) Mobikwik B) Freecharge C) Paytm D) MoneyGram E) Udio

Description : Which of the following types of cards is free from credit risk? A. Credit card B. Debit Card C. Prepaid Cards D. Charge Cards E. Both (C) and (D)

Last Answer : B. Debit Card Explanation: A debit card a safe, convenient, risk-free alternative to cash and has no credit risks attached.

Description : Which of the following is incorrect regarding integrity and objectivity? a. Integrity implies not merely honesty but fair dealing and truthfulness. b. The principle of objectivity imposes the ... circumstances. d. Professional accountants should neither accept nor offer any gifts or entertainment.

Last Answer : Professional accountants should neither accept nor offer any gifts or entertainment.

Description : Why do we allow the Federal Reserve loan money to commercial banks at almost 0% interest, who then loan the tax payers this money at a much higher interest rate?

Last Answer : If you want to learn more about the Federal Reserve system and how it works, start with Wikipedia and then, for fun, consider asking targeted questions of the conspiracy theorists here on Fluther. ... takes something of yours. Interest happens when you choose to pay for the opportunity to borrow.

Description : Do you think the Governments rescue plan and banks interest rates cuts will save the economy?

Last Answer : No. I don’t think it was meant to. I think it was meant to be a confidence booster to stop the pendulum from swinging the wrong way.

Description : Banks provide a higher rate of interest on which one of the following accounts ? -SST 10th

Last Answer : C - Fixed deposits for long period means that the bank would be able to use the money for more profit and thus would give a higher rate of interest.

Description : Ruling on depositing money in Al-Baraka Islami Bank ? I manage a few accounts of a company. The company has accounts in several interest bearing banks. Note that account holders only open current accounts and ... income tax and duties or in other similar sectors ? Or can it be used in any sector ?

Last Answer : One: It is haraam to deposit money in an interest-bearing bank without the need to save money. For that, it should be limited to depositing money in (current bank's) current account. It is not permissible to ... It can be eaten. And if it can be kept in a better and cleaner bank then that is better.

Description : Do you know if banks will still give high interest rates on savings accounts compared to a regular checking account?

Last Answer : Most savings accounts hold little to no interest rate currently. They are basically the same as a checking account. If you are looking for higher yield interest, consider purchasing a CD.

Description : Which banks are offering the best high interest savings accounts at this time?

Last Answer : According to Bankrate.com the best savings account interest rates are currently at Capitol One Direct, Discover Bank and Ally.com. The best rates are now at internet based banks, but so long as they're FDIC insured that shouldn't worry you too much.

Description : Where can I find the current cd interest rates for banks in florida?

Last Answer : Check out www.bankaholic.com/highest-cd-rate-in-Florida/

Description : Which online banks have the highest CD interest rates?

Last Answer : Which online banks have the highest CD interest rates? can help you find the best current rates.

Description : Do banks provide the highest CD interest rates now?

Last Answer : Banks are generally the only ones that provide CDs. If you mean WHICH bank provides high interest rates, check out Ally bank. Its CDs have an APY of 1.7%, one of the highest in the industry.

Description : what banks r paying the higest interest now?

Last Answer : In your area Bank of America is paying the highest intrest on regular saving account pass books. You can also get good rates on CD from Bank of America in your area.

Description : Which banks pay the best interest on checking accounts.?

Last Answer : Hey, you tell US who's cheaest / best!

Description : What are local banks interest rates on CD's?

Last Answer : It just depends on what bank you're dealing with and where you're located. Since a particular city hasn't been specified I would suggest that you talk to someone online about interest rates or you can contact someone at a local bank.

Description : Is there a website that tracks interest rates paid on online savings accounts offered by various banks?

Last Answer : Yes, Bankrate.com tracks interest rates on savings accounts offered by many different banks. The website also offers convenient searching features to help you find an appropriate financial product or account.

Description : Average interest rates in banks in 2010?

Last Answer : 4

Description : Bank Rate refers to the interest rate at which - (1) Commercial banks receive deposits from the public (2) Central bank gives loans to Commercial banks (3) Government loans are floated (4) Commercial banks grant loans to their customers

Last Answer : (2) Central bank gives loans to Commercial banks Explanation: Bank rate is the interest rate at which a nation's central bank lends money to domestic banks. Often these loans are very short in duration.

Description : Bank rate is the rate of interest: (1) At which public borrows money from Commercial Banks (2) At which public borrows money from R.B.I. (3) At which Commercial Banks borrow money from R.B.I. (4) At which Commercial Banks borrow money from the public

Last Answer : (3) At which Commercial Banks borrow money from R.B.I. Explanation: Bank Rate is the interest rate at which a nation's central bank lends money to domestic banks. Often these loans are ... activity. Regulation of the economy through management of the money supply is referred to as monetary policy.