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Financial Guide

0% Interest Credit Cards - Complete Guide

Learn about 0% EMI, 0% balance transfer, and interest-free credit card offers

What is a 0% Interest Credit Card?

A 0% interest credit card is a special offer where the card issuer charges zero percent interest on specific types of transactions for a limited period. This can apply to purchases, balance transfers, or EMI conversions, making borrowing completely interest-free during the promotional period.

Types of 0% Interest Offers

0% EMI on Purchases

Convert any purchase into monthly installments with zero interest. Example: Buy a ₹60,000 laptop in 12 EMIs of ₹5,000 with 0% interest.

  • No extra charges
  • Flexible tenure (3-24 months)
  • Available at partner merchants

0% Balance Transfer

Transfer your existing credit card debt to a 0% card without interest for 3-12 months, helping you pay off debt faster.

  • Escape high interest rates
  • Consolidate multiple debts
  • Fixed repayment period

0% Purchase Offer

Make new purchases on 0% interest for 20-50 days, extending your interest-free period beyond the standard grace period.

  • Extended payment window
  • No EMI conversion needed
  • Complete interest waiver

How Does 0% EMI Work?

1

Make a Purchase

Buy anything at a merchant offering 0% EMI (electronics, furniture, appliances, etc.)

2

Choose EMI Tenure

Select 3, 6, 9, or 12-month EMI plan - typically 3 to 24 months available

3

Zero Interest Charged

Amount is divided equally - if ₹12,000 in 12 EMIs = ₹1,000/month with 0% interest

4

Pay Monthly EMI

Fixed monthly payment with no additional charges or hidden fees

Important Terms & Conditions

  • •Processing fee may apply (typically ₹0-2% of EMI amount)
  • •Offer is valid only at partner merchants
  • •Full payment is mandatory by due date to avoid interest
  • •Missing EMI payment activates full interest from purchase date
  • •Offer validity varies - usually 3-24 months
  • •Cannot combine 0% offers with other discounts

Best 0% Interest Credit Cards in India

HDFC Bank MoneyBack Card

Offers: 0% EMI on purchases, 1.5% cashback

Tenure: 3-12 months

SBI SimpliClick Card

Offers: 0% EMI, 5% online cashback

Tenure: Up to 24 months

Axis Bank Flipkart Card

Offers: 0% EMI, 5% cashback

Tenure: 3-12 months

ICICI Bank Amazon Pay Card

Offers: 0% EMI, 5% Amazon cashback

Tenure: 3-12 months

FAQ: 0% Interest Credit Cards

Is 0% EMI really interest-free?

Yes, during the promotional period, no interest is charged. However, a processing fee of 0-2% may apply.

What happens if I miss an EMI payment?

Interest is calculated from the original purchase date at the card's regular interest rate, typically 2-4% per month.

Can I pay 0% EMI in full before tenure ends?

Yes, you can prepay without any penalty charges and save the remaining EMIs.

Is 0% balance transfer truly interest-free?

Yes, but a one-time balance transfer fee (1-3%) is charged. After the promotional period, regular interest applies.

Which merchants offer 0% EMI?

Electronics retailers, furniture stores, appliance shops, and online marketplaces typically offer 0% EMI.

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