0 apr credit cards - how to utilize them?

Annual percentage rate or apr is the interest rate that an individual has to pay on the credit card balance every month. With 0 apr this month to month interest is essentially zero, so turns out that you do not pay any interest on your credit card borrowing. However, most of the credit card companies which offer these 0 apr deals they offer it only for finite period of time. If you are smart you can take advantage of this and actually save money and tide over financial crisis.

If an individual has a lots of balance on credit cards, then he or she can use these 0 apr credit cards to transfer balance from high interest credit cards to 0 apr credit cards, but if he is not careful and introductory period is expired there is a good chance that apr would jump to very high level. It would be always good to check to see after the introductory period how high apr going to jump. Also whenever you have balance on 0 apr cards it is must that you pay your monthly dues before the dead...

Posted : July 01, 2009 |

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Are 0% apr credit card offers really that good?

Are 0% APR credit card offers really all they’re cracked up to be? Many companies offer this rate to new clients, and many people jump on this kind of offer, but they tend to be bad offers in the end.

While some of these offers might actually be worth your while, most of them are nothing more than bad news in disguise. Why? Well, it all begins with that very fine print. When you are given a new credit card offer, you will find that it comes with a large booklet full of terms and details – read this booklet cover to cover.

You’ll find that credit card companies hide important details inside of those pages. Everything from introductory rates to changes in policy can be found inside of that book. While it might seem like a lot of information to digest (and it is), if you don’t read all of that print you might be in for a huge surprise.

Speaking of introductory rates, let’s talk about those for a moment. While that new credi...

Posted : May 19, 2009 |

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How to choose a 0 Apr Credit Card?

Zero percent apr cards are good to eliminate some debt and buy some time while avoiding higher interest. It has helped me in my toughest time. Usually these cards offer zero percent apr for set time limit which vary from first 6 to 12 billing cycles. So if you are financially disciplined, in this time you can essentially use this money at no interest and use it wisely and then payoff balance before the real apr at higher rate kicks in.

To obtain zero percent apr credit card, you should have reasonably good FICO score which most of the lenders look at before granting you credit. You should always look at fine prints and legal notices before you sign up for any cards.

Ideal zero percent (0% apr) should have following:

-Zero percent apr for atleast 6-12 billing cycle
-No balance transfer fee or Low transaction fee
...

Posted : May 04, 2009 |