Should You Get a 0% APR Credit Card

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Navigating the world of credit processes can be a complex and difficult undertaking. It is not impossible, though, and there are many right roads to success in managing credit and debt. One such road available is 0% APR credit cards. To understand how these kinds of credit cards can help you reach financial goals and possibly reduce your overall debt, there are a few important points to know.

A 0% APR credit card can help you do several things to lower your debt level. You can use them to transfer high-interest credit balances you already have to the new 0% interest card and be able to pay down the debt balance quicker without additional interest being added as you go. You can also use this kind of card to make a big ticket purchase like a vacation trip or a home improvement and be able to take time paying for that item without additional interest – you are only making payments on the purchase itself. You can use this type of card as an emergency fund – or like a temporary line of credit – if you face something like car repairs or a malfunctioning home appliance or anything that you have not budgeted for in normal expenses.

Along with these advantages, you need to keep in mind the limitations that also come with 0% APR credit cards. That particular advantage comes with a specific period of time in which to use it. This is called the “introductory” period. Most 0% APR cards make that feature available for anywhere from 6 to 18 months, on average. This means you only have that amount of time to use the card without additional interest being applied to your purchases or balance transfers. Once the introductory period ends, the card returns to normal credit processes and the interest rate that is then applied needs to be considered. There is often a higher interest rate that will be applied after the introductory period ends than there is for cards that are approved for you which don’t start with an introductory offer.

You must also be aware of additional fees that some cards will charge you on balance transfers. While you might not pay for interest on these balance transfers after they go on the new card during the introductory period, you will most likely have to pay balance transfer fees for the move from one to the other. You should take the time to read through the fine print on the offer and understand how these fees are applied and how much that will affect your total balance. That same fine print can also inform you if there are any other fees or penalties you could have applied for specific actions, carrying too high a balance of the credit limit, or failure to make timely payments. The penalties for these actions can also be higher for 0% APR cards than for regular credit cards.

Once you understand the advantages and drawbacks, you can make an informed decision on whether or not to use these cards to your benefit. Find out more about them at and choose the card that is right for you. You can also find out more about the benefits of balance transfer here: wants to help you find the right 0% apr credit card for your needs. Visit today to get stared on your journey.