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    0 Apr Credit Cards A Smart Way To Save

    Uploaded by

    Ahmed Belal
    The document discusses 0% APR credit cards, which allow cardholders to carry a balance without paying interest for a promotional period of 6-12 months. This can save hundreds to thousands in interest payments if the balance is paid off before the promotional rate ends. However, it is important to check the "go to" interest rate that will apply after the promotion, as it is often much higher than standard rates. There may also be fees for balance transfers or missed payments with these cards. Using a 0% APR card strategically can help pay down debt or make large purchases more affordable.

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    © All Rights Reserved
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    0 Apr Credit Cards A Smart Way To Save

    Uploaded by

    Ahmed Belal
    16 views2 pages
    The document discusses 0% APR credit cards, which allow cardholders to carry a balance without paying interest for a promotional period of 6-12 months. This can save hundreds to thousands in interest payments if the balance is paid off before the promotional rate ends. However, it is important to check the "go to" interest rate that will apply after the promotion, as it is often much higher than standard rates. There may also be fees for balance transfers or missed payments with these cards. Using a 0% APR card strategically can help pay down debt or make large purchases more affordable.

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    0__Apr_Credit_Cards__A_Smart_Way_To_Save

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    The document discusses 0% APR credit cards, which allow cardholders to carry a balance without paying interest for a promotional period of 6-12 months. This can save hundreds to thousands in interest payments if the balance is paid off before the promotional rate ends. However, it is important to check the "go to" interest rate that will apply after the promotion, as it is often much higher than standard rates. There may also be fees for balance transfers or missed payments with these cards. Using a 0% APR card strategically can help pay down debt or make large purchases more affordable.

    Copyright:

    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd
    Download as txt, pdf, or txt
    16 views2 pages

    0 Apr Credit Cards A Smart Way To Save

    Uploaded by

    Ahmed Belal
    The document discusses 0% APR credit cards, which allow cardholders to carry a balance without paying interest for a promotional period of 6-12 months. This can save hundreds to thousands in interest payments if the balance is paid off before the promotional rate ends. However, it is important to check the "go to" interest rate that will apply after the promotion, as it is often much higher than standard rates. There may also be fees for balance transfers or missed payments with these cards. Using a 0% APR card strategically can help pay down debt or make large purchases more affordable.

    Copyright:

    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd
    Download as txt, pdf, or txt
    of 2

    Title:

    0% Apr Credit Cards: A Smart Way To Save

    Word Count:
    542

    Summary:
    With the plethora of credit card options available today, you can use plastic to
    pay off debt and save money. Using a credit card to get rid of debt, rather than
    rack it up, may sound strange. But it is possible with 0% APR credit cards. All of
    the major credit card companies offer 0% APR credit cards. They are a great way to
    save hundreds, even thousands, of dollars on interest. If you use them wisely, 0%
    APR credit cards will help you get one step ahead in the credit card w...

    Keywords:
    0 apr credit cards, 0% apr, credit card, offers, apply, online, credit card
    applications, interest

    Article Body:
    With the plethora of credit card options available today, you can use plastic to
    pay off debt and save money. Using a credit card to get rid of debt, rather than
    rack it up, may sound strange. But it is possible with 0% APR credit cards. All of
    the major credit card companies offer 0% APR credit cards. They are a great way to
    save hundreds, even thousands, of dollars on interest. If you use them wisely, 0%
    APR credit cards will help you get one step ahead in the credit card world.

    What 0% APR Credit Cards Are

    APR stands for the annual percentage rate on your credit card. When credit card
    companies advertise 0% APR, they are giving you the chance to carry a balance on
    your card and not pay interest on it. The timeframe for this 0% APR is usually
    between six months and a year.

    Some credit cards only include 0% APR on new purchases. Others offer the 0%
    interest rate for purchases and balance transfers. With the balance transfer
    option, you can shift the amount that you owe on a card with a high interest rate
    to the 0% APR credit card. If you pay off the balance within the introductory
    period, you will avoid paying high fees in interest.

    The savings you�ll receive from a 0% APR credit card can add up fast. Let�s say you
    carry a balance of $2,000 on a credit card for a full year. If the interest rate is
    20%, you will have to pay $400 in interest. This would not be the case with a 0%
    APR credit card. If the 0% introductory period is twelve months, you will avoid
    paying $400 in interest. That�s a significant savings!

    Read the Fine Print

    While 0% APR credit cards offer a great way to pay off debts and save on interest,
    it is important to understand the details involved. Some companies issue the
    introductory period based on your credit score. If you have good to excellent
    credit, you will receive a longer introductory period than if you do not have
    outstanding credit. Keep in mind, however, that there will still be an end to the
    introductory period.

    This is why it is also essential to look into the �go to� rate. This refers to the
    APR that will go into effect after the 0% APR introductory offer. This �go to� rate
    is often higher than other credit card offers. If you check into this before
    applying for a 0% APR credit card, you will know what is in store for you after the
    initial grace period.

    There are sometimes additional fees involved with 0% APR credit cards. They may
    charge a certain amount to transfer balances on to the card. Also, the interest
    rate may be raised if you miss a payment. Some 0% APR credit cards are only
    available to those with good credit. If you have poor credit, you may be better off
    with a different credit card.

    If you want to pay off some debt or make a large purchase, it is time to look into
    a 0% APR credit card. You can use the introductory period to pay off balances. Then
    take the money you�ll save on interest expense and use it for other purchases.
    Apply today for a 0% APR credit card and start saving.

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