It's Easy To Find A 0 Apr Credit Card
By Christopher M. Luck, Thu Dec 8th
Millions of Americans have credit cards, using them almost everyday for everything from mundane things like groceries toexciting purchases like vacations. But unless you already have a0 APR Visa, Mastercard, or Discover credit card, chances areyou're still looking for one. Who wouldn't want a credit cardthat offered 0 percent APR? The APR is the annual percentage rate, and it determines howmuch interest you pay on your credit card. No-interest credit isthe best, obviously; a credit card with no APR means you'repaying back only the amount you borrowed, with no additionalcharges. When the bank makes you a offer,you're liable to jump at the chance! But you don't need to waitfor the bank or credit card company to come to you. You can geta 0% APR credit card yourself. First you'll need to check your credit score. The credit cardcompanies are more likely to give you a low-repayment creditcard as a "reward" for being a low-risk consumer. Get a copy ofyour credit report from one of the online sources available --you're entitled by law to one free credit report per year -- andsee if there are any blemishes that might prevent you fromgetting a 0 APR credit card. You should check your report evenif you're sure you've never done anything to earn bad credit,because mistakes can creep into your report. The last thing youwant is to be denied an interest-free credit card because ofsomething you didn't even do!
Once you've confirmed your credit report is solid, or donewhat's necessary to clean it up, you can apply for a credit cardwith confidence. There
are two ways you can go about gettingno-interest credit. One is to approach your current credit cardcompanies and request a lower interest rate. Tell them you'dlike to do a balance transfer, point out your positive credithistory, and ask for zero APR credit. Many times, they will giveyou 0 APR for a period of six months or a year, which is fine:Before the time is up, you can set up 0 percent APR on adifferent card and transfer the balance. If your credit staysgood, you could move your balance from one card to anotherindefinitely, thus keeping 0 APR credit for the life of the loan. Another option is to open new credit cards that have 0 APRoffers. These are easily found online, and the 0 APR credit cardis usually an "introductory" offer, which means it switches to ahigher APR after six months or a year. The same procedureapplies: Take advantage of the offer, and then transfer thebalance to another before the time is up.Before you get any new credit cards, though, be sure to checkinto their policies on balance transfers. Some have differentAPRs for balance transfers as opposed to purchases. With a little work and careful spending habits, it's possiblefor anyone with good credit to get a 0 APR credit card. Whyshould the credit card company get all your hard-earned moneywith its fees and APRs? No-interest credit is the way to go.Good luck, and happy spending! About the author:Christopher has been giving his extensive background andknowledge with 0 apr credit cards to others for free for severalyears. Let him reveal his free secrets to you:http://www.zeroaprcreditcardcredit.infohttp://www.zeroaprcreditcardtrust.infohttp://www.newyorksocialist.com/category/finance-news |
