Pen Freak

Save money with 0% APR Credit Cards

Every time you buy something using 0% APR credit cards, you pay absolutely no finance charges or interest rate charges on your entire credit card balance.

Most 0% APR credit cards offer only "introductory rates" at 0%. This low rate may be limited to a specific time period, such as 3 months or as long as a year. In addition, 0% APR credit cards often allow you to transfer balances (up to a specific amount) from another credit card to take advantage of the zero interest deal.

You may already have several credit cards and can't imagine what you'd do with another. Before getting a 0% APR credit card ask yourself, "What is the APR on my credit cards?" and "Do I carry a balance on my cards from month to month?"

If you have good credit, chances are you've already been bombarded with mail offers. You might even find these special values available through organizations you belong to or companies that you do business with regularly. 0% APR credit cards allow you to avoid finance charges altogether. If you are in debt, this is especially helpful in that you can pay down your balance much more quickly. If you've been thinking about making a large purchase but don't yet have the funds and don't want to take out a loan, then a 0% APR credit card will be like paying cash. Just be sure to pay off your balance before the introductory rate ends and finance charges begin.

# posted by John @ 9:47 PM