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					Title:
0% APR Credit Cards: Use Them To Your Advantage!


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477


Summary:
The era of 0% APR credit cards is still with us. Yes, you can obtain a spanking new credit card featuring a
very low introductory interest rate and take advantage of what amounts to "free money" for you for up to
one year. You can use your new card to your advantage, but you must be careful that you fully understand
how a 0% APR credit card works to order to maximize its effectiveness. I will show you how, so please
keep reading for all the informative details!


Soon after...



Keywords:
0% apr credit cards, 0 apr credit card, credit cards, 0% introductory offer, credit card offer



Article Body:
The era of 0% APR credit cards is still with us. Yes, you can obtain a spanking new credit card featuring a
very low introductory interest rate and take advantage of what amounts to "free money" for you for up to
one year. You can use your new card to your advantage, but you must be careful that you fully understand
how a 0% APR credit card works to order to maximize its effectiveness. I will show you how, so please
keep reading for all the informative details!


Soon after the new millennium started, interest rates began to drop to historically low levels. By 2002, loan
rates for government funds dipped to just less than one percent, pushing consumer loan rates down with it as
well. Credit card providers, seeing a terrific opportunity unfolding, immediately began to offer 0% APR
credit cards to new card holders and even extended the offer to their current customers.


Today, interest rates have been climbing for two years, but 0% APR credit card offers are still available to
you. Quite frankly, the entire lending business is very competitive and credit card providers are willing to
forego interest for up to twelve months in order to get your business.


To maximize the effectiveness of 0% APR credit cards, there are a few things that you must know:


Limited Time Offer. 0% APR credit cards contain an introductory period lasting typically from six to twelve
months. This means that anything you charge during that time will not accumulate interest. Go ahead and
spread out your payments over several months: If you purchase something for $1000, you can make four
equal payments of $250 interest free. Keep earning interest on your savings and let the credit card company
fund your purchase!


Transfer Balances and Save Big! Many 0% APR credit card offers will allow you to transfer balances from
your existing credit cards to your new card and waive transfer fees. If you owe $3000 on your current credit
cards and are paying 19% interest on your balances, you could save nearly $600 in interest payments over
twelve month's time!


Pay On Time. Do not be lulled into thinking that a 0% APR credit card doesn't require monthly payments. If
you miss a payment or are late, you could find that your remaining balance is subject to interest charges and
penalties as your card shifts to a default rate. Pay on time or kiss your 0% APR credit card rate goodbye!


Pay It All Off. In some cases, you must pay off your balance before the introductory rate period expires. If
you don't, the default rate kicks in. Make certain that you clearly understand your card's terms.


Clearly, a 0% APR credit card has strong advantages for the person seeking to make new purchases as well
as someone who wants to transfer their balances. Use a 0% APR credit card to your advantage and put some
money back in your pocket!




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