0 Apr Credit Cards

Written by Kevin Tavolaro
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The Annual Percentage rate (APR) of a credit card refers to the amount of interest that can be applied to the card's balance. A card's APR can vary greatly, depending on who it is intended for. Your own credit rating helps to determine what type of APR you may be eligible for. Traditionally, the lower the credit rating, the costlier the APR.

Because people with poor credit represent a greater risk to the provider, a high APR helps to balance out any potential losses. By that same turn, credit card providers value people with great credit ratings, and competition between providers hoping to woo this demographic can be fierce. As a result, some companies offer especially low APR cards to customers with perfect credit. However, providers might also offer cards with a temporary zero percent APR, as a means to entice new customers.

Introductory Zero APR Credit Cards

Some credit cards offer a zero percent APR for a limited time, as an introductory rate. This means that purchases made within a certain amount of time after the card is issued will not be charged any interest. This can be attractive to customers who already have a credit card, and are having trouble keeping up with their current interest fees. A low introductory APR is also perfect for a balance transfer.

A balance transfer involves charging a debt from one credit card to another. A card with a low introductory APR can save the cardholder hundreds of dollars in such a situation. If the balance from one card with a high APR is taken over by a card with a low introductory APR, the cardholder can continue to make payments without being subject to the additional interest. This can help a cardholder clear a debt much faster, provided they can pay everything before the introductory rate expires.


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