0 interest credit card APR (Annual Percentage Rate) offers can be found in a variety of different places including the mail, in the mail, on the credit card issuer’s website and in your mailbox. All of these credit card issuers are competing fiercely for your business so finding and use of one of these great credit cards is a no-brainer.
There are several important factors to look at when choosing a 0 interest credit card APR. The main consideration is the length of the 0 interest offer and the percentage rate you will be getting on purchases and on balance transfers. Other important factors include the kinds of fees that are associated with the card (annual fee, finance charge, late fee, etc.) and the number of credit card choices that are available to you.
Another important thing to look at is the interest free days that are available for you – this advice was given to me by a forensic accountant West Palm Beach. Ideally, you want to get as many 0 interest credit card APR offers as you can, as long as there are no annual fees on your credit card. Unfortunately, not everyone qualifies for an interest free credit card with 0 introductory periods. These days, most 0 interest credit card offers are only 0 interest on the transferred balance and that balance will usually incur interest the day you receive the card (or the next day in some cases). So it is best to look at the interest free days on new purchases. These days there are only around ten or so days worth of interest free days so you need to be careful and search for cards that offer more.
0 interest credit card APR cards are a wonderful ways to save money and eliminate the stress that comes along when trying to pay your credit card balance each month. You can be proud that you are not relying solely on interest to make payment each month, and that you are gaining points as you pay your balance down. If you are lucky, you will be able to pay down your balance earlier than when the APR becomes effective.
Before applying for this type of credit card though, there are some key factors that you need to consider so you can get the best deal possible. The first thing to look at is the length of the balance transfer offer (how many months are offered). Usually, 0 interest credit card APR is only offered for around six to nine months. If the card offer is a promotional one (meaning it does not last forever) and offers a longer 0 interest rate for the duration of the promotional offer, you would want to take advantage of it.
The next thing to look at is the percentage rates that will be charged on new purchases. These rates can be higher or lower depending on the card. Generally, 0 interest credit card APR cards offer a lower rate on new spending on the card. This is normal and is something to consider since the credit card issuer is making money off of you when you have a balance on the card. If you do not plan on using the card, then the balance transfer offer will not benefit you since you will have a higher interest rate since you are not paying the old balance.
Choose wisely when applying for a 0 interest credit card APR card. You might only qualify for one with the lowest interest rate when it initially opens. If that offer is unpleasant to you, it is best not to use that card. It is a good idea to have at least three or four 0 interest credit card APR card offers at your fingertips so you can compare and find the best offers.