Points To Keep In Mind While Shopping For A New Card Before you sign on the dotted line, it would do you good to learn more about credit cards so that you can make the most of it once you are approved.
Firstly, check out the annual percentage rate of the credit card. Most cards have an APR of 13 percent. Low end cards have interest rates of around 6% to 8%. A 0 percent APR credit card, on the other hand, allows you to borrow cash for free. You will never find a card cheaper than this.
Secondly, a 0 percent APR credit card charges you only for the amount you have spent. Plus, you have to pay interest only if you carry the balance over the grace period. If you purchase stuff and pay back the amount on time, you will never have to pay any interest.
Next, go for a 0 percent APR credit card that has the widest introductory offer period. Some cards offer zero percent interest only for three months, while others offer it for more than a year. Choosing a card that charges zero interest for a longer period will save you a lot of dough.
Fourthly, check if the card allows you to transfer balances. If you have loads of unpaid credit card debt, you can easily avoid paying their high interest rates by transferring all dues to your 0 percent APR credit card. As a zero percent interest card does not accumulate interest over time, you will find it much easier to pay back the outstanding amounts. Additionally, some zero percent APR credit cards offer discounts on air tickets, hotels, meals, gas and certain other purchases. Confirm if your credit card offers these add-on services, which you can use to your advantage in the future. Also, check out if there are annual fees or other charges. Once you get your 0 percent APR credit card, use it prudently. Pay off the balances on time after the introductory period and you will never have to pay a cent in interest. Join the rest of America in making the most of this offer before it runs out. Apply for a 0 percent APR credit card today.