Thursday, December 21, 2006

0% APR Credit Card

What can be better than paying no interest? Of course, this only applies to the introductory offer, but it can sure beat the interest levels you may already be paying on another credit card. Getting the perfect 0% APR interest credit card, however, will not come as easily as that.

0% APR interest credit cards, it applies to more than one thing. Generally, it applies to the overall interest rate on the credit card. This means that there is no interest charged on a balance during the introductory period. Of course, there will be late fees if you do not make the minimum payment on time.

The other thing it can apply to is the balance transfer option if it is there. This option on a 0% APR interest credit card means that you can make transfers of outstanding balances from other cards onto this card and pay 0% APR interest. The time frame, however, is what you need to notice, since it may be different than the general introductory offer. Also, check to see if there is a balance transfer fee or not. Some cards can charge up to 4% for this service.

Any kind of reward may be possible with a 0% APR interest credit card it can be air miles, a student card, a business credit card, or any other kind of reward. Rewards mean that you can get anywhere from one to six points for every dollar that you charge to the card.


Post a Comment

<< Home