Question by ms.bird: Are those 0% APR credit cards for real? I got a credit card offer in the mail from Master Card saying I can get 0% APR on all transfered balances for 15 months. I want to transfer 2 credit card balances on this card. Are there any secrets I dont' know or fees that I'm not aware of. Because to my understanding, that means I'll have a flat balance with no interest on it, so I just pay on the balance, no interest. Is that right? Best answer for Are those 0% APR credit cards for real?:
Answer by Floyd B
Go for it, but read the fine print & make all of you payments on time & not only for this card but for any other credit cards. Be late with any & you will end up paying interest & at any rate they may want to charge.
Answer by RAY
Each card has its own terms that need to be read for fine print. Watch out for annual fees and transfer fees so that you may not pay interest on amounts but could end up paying enough in fees that you'd be better off paying interest. There could be a clause that charges you the interest from day one if you are not at a zero balance by the end of the term. Just one late payment could boost you up to 25% interest. Before taking that offer give your current credit card(s) a chance to lower your interest but if you do switch, don't cancel the cards that have already helped you build a credit history unless there's an annual fee. It's great to have credit cards. What you don't want to do is use them.
Answer by Frank Castle
Yes. Just be sure to pay off your entire debt (Or transfer your debt to a new card) before the 15 months are gone. Chances are the interest rate will be a lot higher than your current credit cards. They are counting on your memory loss to recover their losses. Be smarter than them!
Answer by sucka
Yes they are real! Some cards offer interest free on new purchases also, try to find one of those. My current credit card, had 0% interest until now, and there were no tricks. My wife also has one, I think they just want to get you into the habit of using their card.
Answer by Jason
They are real...for a while. Read your terms and conditions, but it's likely that the 0% ONLY applies to balance transfers...and that any purchases you make will be charged interest. You'll also have to read the terms as to the method of payment application...that is, do they apply the payment to the 0% bal con balance, and charge you interest on anything you've bought....or pay down what you've bought, and leave the 0% bal con balance unchanged. It's almost certainly the former.
Answer by lelekid4ever
Yes, I got a Premier Platinum VISA with a 0% APR on purchases and balance transfers until June 2007. After the introductory rate expires, the variable rate will be 6.99%. If your card is in one of these offers, you can paid the minimum required each month or more and leave a balance without any interest. But it must be pay in full before the introductory rate expires.
Answer by
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If you are ready to pay down your debt, it might be time to consider applying for a low introductory rate credit card. A 0% balance transfer introductory APR offer in particular will get you an interest-free period of being able to pay off your debts ... 4 Tips to Maximize a 0% Introductory Rate Period on a Credit Card Balance ...
When there are no shortages of credit cards, which is the best credit card offer? A worthier question to ask would be which credit card offer is the best for you? The spending habits of one person are different from that of another. Their lifestyles change and as a result their need changes as well. So for deciding on which credit card offer is best for you, you need to calculate your needs your lifestyle and your spending habits. However, if you frequently travel by air, an airline credit card might be preferable for you than the general purpose one.
Credit card providers, seeing an opportunity unfolding, immediately began to give0 percent APR (annual percentage rate) credit cards to new cardholders and still extended the offer to their ongoing customers. Even worse, some consumers transfer balances thinking they will attain a break from interest and be capable to pay the balance quickly, merely to find out the offer does not apply to the amount they transfer. S ome cards offer 0 percent APR on balance transfers, but once that is paid off the APR goes up.
So, first you need to assess whether you need to go only for low interest credit cards and then choose the low interest credit card that fulfills your need. After all, you don't go hunting for a credit card everyday. Just search through the internet and you will see by the total of credit card offers advertised just how countless sites there is. Move around the web and you will discover credit card offers all over. So, the credit card offers are everywhere. Why are there so many credit card offers? Well, simply because credit card trade is a lucrative business for the credit card suppliers. A good notion is to consider a low APR credit card, since this will give you more savings over time.
Search out credit card companies that offer a low APR credit card. Competition is rigid and credit card financial institutions offer many perks, rewards, points, low APR credit cards and additional enticements. Although if you're not opposed to doing several switching, you can always apply for a low APR credit card and a 0 percentage APR credit card. When the introductory period on your 0 percent APR credit card expire transfer the balance to your low APR credit card and you will have a long-term solution.
Do not take the introductory offer for 0 APR credit cards at face value. When you see all the differing incentive programs, rewards and of course the 0 APR feature you may determine you should jump in and get that card before the offer expire. Consider the APR after the introductory period. That's why most turn to a low APR credit card rather getting short-term intro on a 0 percent APR credit card.
The essential reason behind this tempting offer is to lure the consumers to their bait. The 0 APR credit cards balance transfers offer great short-term savings, (unlike the low APR credit card) free up money to pay debt quicker, and can eventuall y save consumers hundreds, if not thousands of dollars in interest over their duration. A low APR credit card offer consumer's great long-term savings.
Find More The Low APR Credit Card and the Long-term Benefits Topics
Yes, I completely agree that the Low APR Credit Card is of utmost beneficial. Some of the cards offer interest free on new purchases. The instructions mentioned in the blog are highly useful. I was searching an informative blog on Low APR Credit Card in order to get all the necessary details about the card and this blog serves me in the best feasible way. The most essential thing is to read terms and conditions and find the companies that offer these cards. For people who are planning to have long term savings, this card is ideally suited.