Three Reasons a 0% APR Credit Card may be Right for You
Thinking about getting a new credit card? As you look for one, you’ll find that many cards come with a 0% APR introductory offer. This means that you won’t be charged any interest for a certain period of time. The 0% APR can apply to purchases, balance transfers, or both. Here are three reasons this card may be the one for you:
1. Help with holiday shopping. Need to get through December and don’t have much cash? A 0% APR credit card will let you buy your gifts now, and then use the next few months to pay off the balance.
2. An interest-free loan. With credit tightening throughout the economy, your finances may be feeling pinched. Yet if you need a loan, it might be harder to get one, as lenders are handing out less credit now than before. With a 0% APR card, you can give yourself a loan. Use the card, and then set up a payment plan to pay off the balance before the regular interest rate sets in.
3. A way to track your spending. If you have a small business or simply want to see where all of your money is going, you can keep track with the card. Every month, you can check the statement to find out how much you spent. With 0% APR, you won’t be charged any interest for an initial period. This can help you clearly see the amounts of your purchases, as well as how much you have paid toward the balance.
Just as you would with other cards, you’ll want to use a 0% APR credit card wisely. If you use the card right away and then pay off the balance in a few months, you’ll be able to save a lot of money in interest charges. And that may be just the boost you need to get through the holiday season this year.
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Important Notices and Disclosures:* See the online 0% APR credit card application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. When you click on the “Apply Now" button, you can review the credit card terms and conditions on the credit card issuer's website.