0 apr credit cards

Are 0 apr credit cards really low interest bearing or is there some catch in it? Who all should go in for a 0 apr credit card?

0 apr credit cards

[Jeremy]

It depends on what you're talking about. There are credit cards with 0% intro APR, but that's for a limited time.

There are also charge cards that have 0% APR. They do not have interest, but you are required to pay the full balance each month, and they typically have annual fees.

Jeremy's right, you always have to read the fine print. Some will also charge you a very high interest rate on purchases. So make sure you A. don't make any new purchases or cash advances and B. are able to pay it off (ideally) within the low APR period.

Also there is usually a service fee of 1-3% to do the balance transfer, so you have to calculate how much interest that is effectively considering it is not for a full year, its only for a few months you're paying that $$.

For example, 12% interest on 1,000 is 120 after one year.
3% interest service fee on 1,000 is 30, but if your 0% is only for 3 months, you need to multiply that by 4, and hey...guess what, it's effectively 12%.

I have found some of the best credit, with great rewards at Compare Credit Cards Online and Apply For Credit Cards, low to 0% apr cards benefits everyone. If you are just starting off with your first credit card, you should start out with a low apr card. If you already have some debt racked up on a card, your best bet would be to transfer that balance to a 0% apr card, so you can have those interest free months, and "pay down" your debt more.

Yes its depend on what your looking for,Some will also charge you a very high interest rate on purchases

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i think it is depend on what you are looking for.

[Jeanie]

I agree, depends on what you are talking about..but, ALWAYS read the fine print as stated above!

~Jeanie

i think it depends on you what you are looking for or these credit cards are with 0 %, intro APR . i think that's for a limited a time .

Yes, most 0 apr credit cards have a 0 apr for 12 months and after that you start paying interest.

Good Luck!

Bobby

yes there are some credit cards with 0% APR , but that is for limited time period. many companies provide credit cards with 0% apr but with some condition, i ll advice u to make it clear that u have understood all the conditions before applying for any credit card.