Save with 0% APR Credit Cards

Credit cards come in various options, with different interest rates, benefits and rewards. They also offer solutions to some of our most pressing financial challenges. Having a credit card can be a great way of making payments on large purchases, especially if you don’t have the cash. It can also come in handy when you have an unexpected emergency.

Having 0% APR credit cards essentially means that you won’t have to pay interest on your purchases for a specific time period. This can be anywhere from 6 months to over a year.

0% APR credit cards can be a great way to save. These cards can also be ideal for big ticket purchases.

This type of credit card may also be a good choice for a consumer looking to consolidate debt through a balance transfer.

How to get the best from 0% APR Credit cards:

Keep in mind that you might not qualify. Not all credit card applicants will qualify for a 0% APR credit card. Your credit score takes a small hit every time a card issuer pulls your credit report to see if you qualify for a new card.

You need to make sure that you watch your financial behaviour during the introductory period. Keep your credit record clean and don’t accumulate unnecessary debt.

If you don’t make the minimum payments, your 0% APR deal may be cancelled. You could be stuck paying a higher interest rate. Make sure that you make payments diligently.

You 0% purchase APR will turn into a regular APR after the promotional period ends. If you’re still carrying a balance on your card, you’ll start accruing interest on it.

Make sure that you arm yourself with facts and make the moves that are right for you.