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0% APR Credit Card Benefits


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605


Summary:
There is nothing as fine as saving money with a 0% APR credit card. These low interest rate cards allow you
to spend hundreds less each year in interest allowing you to buy many other things that are important to your
family.



Keywords:
0% APR Credit Card, 0% APR Credit Cards, 0% Interest Credit Cards



Article Body:
You will see many lenders these days offering 0% APR credit cards. If you are thinking of applying for a
0% APR credit card, it is well worth taking the time to research and compare all the offers and benefits
available. Although many company's offer 0% interest credit cards, in most cases it is for an introductory
period only. You should take the time to compare the agreements and conditions carefully, as these vary
considerably from lender to lender. It's also important that you take into consideration the permanent rates
that the lender charges. While 0% interest credit cards may look tempting, it's no use entering into an
agreement if you struggle to make payments because the permanent rate is too high.


The benefits of a 0% APR credit card may seem obvious, you don't pay any interest! But many of the 0%
interest cards also offer other benefits. Some come with reward schemes like rebates, others with cash back
offers. The reward scheme applies to your purchases, where the lender may give you a percentage of cash
back for every dollar you spend. They may also have a reward scheme where you can accumulate points
depending on how much you spend. These points can then be exchanged for merchandise which the
companies offer to their customers. While the points on offer are strictly in favor of the card company, you
can still save on the retail purchase price of these goods, which is a benefit.


If you are currently paying interest on your current card or cards, why not think about changing to a 0%
APR credit card? If you have a few cards the monthly payments can soon become a considerable sum. You
can save yourself money by changing to one of the 0% interest cards. Just think, instead of paying out
maybe $100 or so a month in interest, you could be paying out a lot less while reducing the amount you
owe.


Most banks or credit card companies will allow you to transfer the outstanding balance you have on your
current card to one of their 0% interest credit cards. That means you could consolidate all your outstanding
balances on your current cards by transferring them to your new 0% APR credit cards. Some lenders may
have a limit on the total money you are allowed to transfer. It's important that you read the terms of the offer
and understand them fully before committing yourself to an agreement. You don't want to be penalized by
any fees you may have to pay if transferring a balance.


The new lender you have transferred your balance to, may have a time limit on their 0% interest credit cards.
If you want to keep your payments low, or keep reducing your balance then you should think about
changing your card or transferring the balance before the 0% APR credit cards offer runs out. It is worth
checking your agreement at this stage just to make sure you will not incur a fee for transferring your balance
to another card.


If you've done your homework and chosen the correct card in the first place, this shouldn't be a problem.
You should start to look for your new 0% APR credit cards, or card, a month or so before your offer
terminates. This will give you time to apply and be able to transfer your balance as soon as your 0% interest
credit cards offer ends.


There is an important fact about a 0% APR credit card that most people overlook. Most agreements state
you must make ALL your 0% APR credit card payments on time. If you make a late payment on your 0%
interest credit cards then the offer becomes invalid immediately.




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