0 apr creditMost financial institutions have 0 APR credit available, which typically means that during an introductory period, which may last often for six months to a year on a new credit card, you pay zero percent interest on carried balance. However, after the introductory period is over, the banks and financial institutions that offer the cards will return the rate to a normal APR, as agreed on your credit card agreement. So for one, do remember to read the fine details on the agreement to know when the rate returns to normal after the introductory period. Best 0 APR credit card offers can be one unexamined way to pay down the balance on existing high interest cards without a lot of extra fees involved. To achieve this, many simply transfer the existing balance from an institutions high interest card to a new card, which has a 0 APR credit account. However, to achieve gains from this offer, most make sure that they pay off the balance before the introductory 0 APR ends. At the account with the introductory zero balance structure, you aren't paying interest, and thus you can apply more money each month to the principle balance, making paying off the existing credit card much faster than previously. |