How Credit Cards Can Help You Through The Government Shutdown

If You’re Making Less, Make Your Credit Cards Work More

Creditcards.org Team

| February 5, 2019

As we muddle through the longest government shutdown in American history, hundreds of thousands of us are out of work, others have had their incomes cut dramatically, while the truly unfortunate are forced to work without the best thing a job has to offer: a paycheck. Things have gotten so bad, millions of Americans are now looking forward to a fully functional Internal Revenue Service!

While no one wants to live beyond their means, there is only so much cost-cutting affected consumers can do. Many federal workers still have to fill up their gas tanks to drive to work, even if there’s no paycheck to pick up there.

Alleviate the government shutdown by using 0% APR credit cards

A credit card with an introductory 0% interest rate could help tide you over. Federal workers lucky enough to get back pay when the partial government shutdown ends won’t get any interest on their late paychecks. A no-interest credit card they can use while they wait makes the perfect response.

Spend on your staples like groceries with a 0% APR credit card and you’ll pay no interest on the balance for possibly a year or more. As long as you can make the minimum payments, these cards offer flexibility to pay back your credit card balance over a longer period of time without being penalized.

Many doctors’ offices now require pre-paying a fee before seeing the physician. With a 0% credit card, you can charge now, and pay the same amount much later after you’re back on your feet. And wouldn’t you feel even better knowing you were paying the medical bill out of a cash bonus from your credit card company?

0% APR plus tiered cash back rewards

That’s right; some of these coveted cards offer cash rewards. The Bank of America® Cash Rewards credit card currently offers a $150 cash rewards bonus after you spend at least $500 on purchases in the first 90 days of account opening. The 0% introductory APR lasts for 12 billing cycles. After that, the regular APR will depend on your creditworthiness. Plus, there’s no annual fee and you’ll earn 1%, 2%, and even 3% back depending on your purchases when you use the card. If you already have a large balance on another card, you can transfer it to this card within the first 60 days and stop paying interest on that money as well! You will, however, have to pay a 3% transfer fee.

Bank of America® Cash Rewards credit card - $150 Cash Rewards Offer

No annual fee

Apply Now

Excellent/Good Credit Needed

Benefits & KEY FEATURES

    • No annual fee
    • $150 online cash rewards bonus after you spend at least $500 on purchases in the first 90 days of account opening
    • NEW OFFER: Maximize your cash back in the category of your choice: gas, online shopping, dining, travel, drug stores, or home improvement /furnishings
    • Now earn 3% cash back in your choice category and 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases), and unlimited 1% on all other purchases
    • You can update your choice category for future purchases once each calendar month using the Mobile banking app or Online banking, or do nothing and it stays the same.
    • No expiration on rewards
    • 0% Introductory APR for 12 billing cycles for purchases AND for any balance transfers made in the first 60 days. After the intro APR offer ends, 16.24% - 26.24% Variable APR will apply. A 3% fee (min $10) applies to all balance transfers
    • If you're a Preferred Rewards client, you can get a 25% - 75% rewards bonus on every purchase

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0% APR with a flat rewards rate

The Capital One® Quicksilver® Cash Rewards Credit Card offers an even longer 0%-interest period: 15 months. It also features a $150 cash rewards bonus after you spend at least $500 on purchases in the first 90 days of account opening. There’s no annual fee, and you’ll earn an unlimited 1.5% cash back on every purchase. The 0% interest rate also applies to balance transfers for fifteen months, but you will have to pay a 3% transfer fee.

Capital One® Quicksilver® Cash Rewards Credit Card

One-time $150 cash bonus after you spend $500 on purchases within 3 months from account opening

Apply Now

Excellent/Good Credit Needed

Benefits & KEY FEATURES

    • One-time $150 cash bonus after you spend $500 on purchases within 3 months from account opening
    • Earn unlimited 1.5% cash back on every purchase, every day
    • No rotating categories or sign-ups needed to earn cash rewards; plus, cash back won't expire for the life of the account and there's no limit to how much you can earn
    • 0% intro APR on purchases for 15 months; 15.24%-25.24% variable APR after that
    • 0% intro APR on balance transfers for 15 months; 15.24%-25.24% variable APR after that; 3% fee on the amounts transferred within the first 15 months
    • Pay no annual fee or foreign transaction fees

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0% APR with an extended balance transfer offer

If you need to deal with a large outstanding balance on your cards, the Citi Simplicity® Card may be a better fit. Although it doesn’t offer cash rewards, the no-annual fee card offers 0% introductory APR on balance transfers (made during the first 4 months) for a whopping 21 months! You will have to pay a 5% transfer fee, however. In addition, you won’t have to pay interest on anything you buy with the card for 12 months.

Citi Simplicity® Card - No Late Fees Ever

The ONLY card with No Late Fees, No Penalty Rate, and No Annual Fee… EVER

Apply Now

Excellent/Good Credit Needed

Benefits & KEY FEATURES

    • The ONLY card with No Late Fees, No Penalty Rate, and No Annual Fee… EVER
    • 0% Intro APR on balance transfers for 21 months from date of first transfer. All transfers must be completed in first 4 months. After that, the variable APR will be 16.24% - 26.24%, based on your creditworthiness
    • 0% Intro APR on purchases for 12 months from date of account opening. After that, the variable APR will be 16.24% - 26.24%, based on your creditworthiness
    • If you transfer a balance with this offer, after your 0% Intro purchase APR expires, both new purchases and unpaid purchase balances will automatically accrue interest until all balances, including your transferred balances, are paid in full
    • There is a balance transfer fee of either $5 or 5% of the amount of each transfer, whichever is greater
    • The same great rate for all balances, after the introductory period
    • Save time when you call with fast, personal help, 24 hours a day – just say “representative”
    • Enjoy the convenience of setting up your own bill payment schedule on any available due date throughout the month

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Don’t let your finances hit a wall. A 0%-interest credit card could help stem the damage until this ugly economic episode ends.

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