Credit Cards with 0 Interest for 12 Months make impressive rate savings
Find out how they work and what to avoid for these low APR cards.
How do I get 0 Interest for 12 Months on my credit card?
The best credit card interest rate available is zero! And the best credit card offers are those that charge 0 interest for 12 months or more. We need to caution you though that many of these cards do not continue with this low ARP after the promo intro period is over. After that they increase the rates usually to a higher interest level than on standard cards.
The most common approach is an offer to tease you to join their program with the jump phrase....get 0 interest for 12 months. The promo interest rate could be 0%! The key to this for you is to manage your credit carefully so as to take full advantage of these cards during this promo period.
The easiest way to locate a 0 interest for 12 months card is to search a credit card sites like BICCO that for card offers with no interest for more than 12 months. You can, also search the net for that term but be prepared to wade through thousands of search results from less than quality credit card sites.
Here are some things to know before you jump on the low apr card program.
- most 0 interest rate credit cards offer 0% interest for a limited amount of time, usually only 6-12 months
- not all cards will allow you to transfer balances during their introductory period
- watch out for credit cards that charge balance transfer fees of $50 or more
- be aware that some cards dish out high penalties for late and missed payments
- many low APR interest rate cards move you to a very high interest rate after the introductory period is over
Use these low APR cards with care and responsibility
You need to read all of the fine print which explains all the details about the low apr card you are going to join. You must find out the long-term costs to you and what fees are charged for transfers and new purchases. When the promo period is over, try to pay off the majority of the amount that you transferred.
BICCO Media 2005