0% Intro Rate, High Limit Credit Card?

Question

Can anyone recommend a credit card that has a 0% introductory rate for 12 months? It also needs to have a $20,000 limit. Basically, I need a short-term loan and don't want to pay any interest or beefy payments. Thanks!

Answer 1

Do not use a credit card as a loan.  Unless you're a millionaire already, no one is going to offer you a $20,000 limit.  You can get the 0% intro rate easy enough, but you're unlikely to get a limit of more than one or two thousand.  (And no, you can't just take out ten credit cards and max them all out - they do check credit reports and eventually someone will catch on, and your rate will skyrocket).

If you try to get something for nothing, you will only s***w yourself.  Suck it up and go get a real loan.  Or, you can wait, invest the money you have until you earn enough interest to amass $20,000, and THEN buy whatever it is without paying any interest or making payments.

Answer 2

Bank of America has some great 0% cards.  You can request some convenience checks to be sent with your card, and you can use those for the 0% interest.

Hope that helps!

Answer 3

American Express, Blue from American Express®,  Intro APR

PURCH. ZERO

Citibank, Citi® Diamond Preferred® Card,  Intro APR

PURCH. ZERO

Discover® Card, More Card,  Intro APR

PURCH. ZERO

Merrill Lynch, MERRILL+® Visa® Credit Card,  Intro APR

PURCH. ZERO

We continuously monitor the market in order to bring you the best credit card deals in each category. The best credit card offers are presented side by side, which enables you to compare them instantly by key factors such as interest rates, fees, etc.

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Answer 4

In my experience there are two types of Bad Credit Credit Cards. One is a secured card, and the other has a much higher rate of interest. Both can be used to rebuild your credit worthiness after getting back on your feet. Secured credit cards are great for rebuilding your credit. You send the credit card company a pre deposit amount set by the companyThis amount will be equal to your credit limit. Pay over<!--your minimum every month and send your payment in before the due date and you will build your credit up gradually. Never miss a payment, be late on a payment, or go over your credit limit even by a small amount.

http://best-loans.awardspace.com/credit-...

http://bestcreditcards.freehostia.com/

You don't want the company to ever have to take from your pre deposit amount because they want you to handle your account just like you would an unsecured card. A great thing about this pre deposit amount that you send in is it can act as a savings account even earning a little-->bit of interest for you. After establishing yourself with the credit card company, they may decide to give you a unsecured credit card or increase the limit on the one you have with them without having to make another deposit. Secured credit cards are a good choice for anyone wishing to rebuild their credit history.

Answer 5

It all depends on your credit. I saw some great 0% intro cards at the site below. See if you like them and apply online so you can find out if you were approved for them or not. You might not get a limit as high as 20,000 at the beginning but after couple of regular payments, you can request a credit increase. Good luck!