0% APR offers are seen everywhere today and, while sounding like a wonderful opportunity, vary with their terms, conditions and possible perks. Most credit cards offering 0% APR are only offering it for a limited time. The amount of the time you'll be charged 0% interest will be stipulated in the offer.
While some 0% APR offers will feature a 0% introductory APR rate for 90 days, others may go up to a year with 0% interest. Obviously, you should always try to find the credit card that offers 0% APR for the longest amount of time. 0% APR offers are usually available to individuals with good credit; occasionally borrowers with less than perfect credit are also lucky enough to get these cards. Another thing that should be determined with 0% APR offers is what the interest will be after the introductory period. If you're a borrower that carries a large balance on your credit card, you don't want a credit card that's going to be high interest after the introductory 0% APR period. Some credit cards charge interest as high as 22-25%. With a high balance credit card, this can add up to a lot of interest per year.
Other perks often seen with 0% APR offers are cash back, bonus points and rebates. These can offer a borrower a lot in savings each month. Many of the 0% interest credit cards will offer 1 point for each dollar spent with the card. The money can be spent on gas, merchandise and even groceries, depending on the card. If you use your 0% APR credit card frequently for every day purchases, you can earn a lot in cash back. Before applying for these 0% APR offers, read all the conditions surrounding the cash back and bonuses so make sure you'll really benefit from the card. In summary, when choosing 0% interest credit cards, look for the longest 0% APR period, the lowest APR after the period as well as cash back offers that fit into your spending habits. If you can find all this plus no annual fee, you've got yourself what sounds like a great credit card.
Bill Glass, Editor-in-chief, DealsForCreditCards - http://www.DealsForCreditCards.com/
DealsForCreditCards is the leading credit card marketplace, bringing consumers and card issuers together online. Compare hundreds of offers side-by-side, calculate balance transfer savings and apply online. Visit our site to compare low interest credit card offers today.
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