0 APR CardsThe typical APRs on most credit cards can vary as much as from 5 to 25 percent . However, 0 percent APR refers to zero percent on the balance carried, typically for an introductory period for new and switching customers. Most people carry a balance on their credit card at least sometimes, and this is why the APR can indeed make a difference on your overall financing costs, due to the fact that APR does allow a financial company one type of measure of how much they charge a customer for using their credit. For a customer, the rate is an indication of what kind of interest rates you will be paying if you carry a balance on your card, typically on a period from month to month, or if you make a transfer of a balance from a different credit card, or finally if you take a cash advance on the credit card. Zero percent credit card offers are one effective way for financial companies to introduce their customers to their credit cards and make purchases without charging them interest. |