Understanding 0 Percent APR Credit Card


When you are looking for a credit card, you obviously are trying to lay your hands on the best credit card offering the best terms possible. You would obviously be looking for cards that meet your particular situation or needs, such as a credit card for travel, or exclusively for shopping – where you get rewards by way of incentives. Whichever credit card you select the best would be the ones offering low annual percentage rate (APR), or better still, go for a 0 percent APR credit card.

A 0 percent APR credit card would be the best credit card you can choose, provided there are no hidden fees, etc. You need to read between the lines, and read the small print carefully. Otherwise, such costs could cost you more than what a low APR card would have cost you.

The Working Of A Credit Card Today, people applying for a credit card already understand its working. What you need to consider are the low introductory rates before deciding upon the credit card you wish to select. How great it would be if you were able to obtain a 0 percent APR credit card.

When a credit card offer comes your way, there is always a temptation to quickly fill out the application. Here is a chance for you to be able to purchase items without the worry of immediately coming up with cash. You defer the ‘worrying’ of repayment until such time that you receive the bill in your mail. A good thing – this credit card – until you are caught in a tight financial situation as most do, and you are unable to pay in time. This does happen, and quite frequently, and this is not going to disappear fast.

A 0 percent APR credit card is a great card to have, but this also comes with a catch. 0 percent does not mean that you do not have to pay any interest as long as you possess the card. The 0 percent APR credit card is a great marketing gimmick and the 0 percent usually is only an introductory offer – to get you sign on the dotted line – and probably lasts around 5 to 6 months. There are some credit card issuers who do offer 0 percent APR for the first 18 months or so, after which the normal prevalent APR charges are applicable.

You can use such a credit card to achieve your financial goals – if used wisely. Otherwise the same credit card becomes quite dangerous.

Many credit card issuers issue such credit cards only for balance transfers. 0 percent APR credit card for balance transfer is also for a short period, after which the normal APR rates begin to be applicable.


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