What Will The Regular Interest Rate Be

Category: Finance, Credit.

A 0% APR credit card always sounds like a great deal, but there are still a variety of factors that can make one offer stand out above the others.

How Long Do You Pay 0% ? There's no reason to pick the first offer that comes you way just because the sales letter sounds good. The longer you don' t pay interest, of course, the better. A long time without paying interest gives you more time to get things paid down. Some offers may give only 6 months or so of freedom from interest, while others go 15 or even 18 months. What Will the Regular Interest Rate Be?

It is possible to find a low interest rate combined with a starting 0% APR. If you' re going to be carrying a balance, the interest rate you will be paying normally matters. What Does the 0% APR Apply Toward? But sometimes you can get it applied to both, or at least a low interest rate on purchases to start things off. If it just goes to balance transfers, you won' t be getting any help with purchases made during the initial period. You' ll also want to know about any fees associated with balance transfers. However, there may be a cap on the transfer fee which can help.

Sometimes these will eat up a lot of your savings. What About Rewards? Consider what you want from the card. If you like rewards cards, some of them offer 0% or low APR credit cards as well. If you can get good rewards along with no interest to start and a good interest rate, it's probably a good choice for you. It's not always rational, but sometimes you just flat out prefer one company over another. What Credit Card Issuer Do You Prefer?

You may have preferred their service in the past, or just trust the brand. Choosing to switch to a credit card that isn' t charging you interest can be a great financial decision. So long as this isn' t outweighed by other factors, there's nothing wrong with going through an issuer you trust. You can save quite a bit of money during the initial period, and get those old debts paid down. Take the time to research the various cards so that you know which are right for you. There's a lot to be said for it for just about anyone who is carrying a balance on their cards. Some cards are better than others for a variety of reasons, and the first offer you see is not necessarily the right one for you.