hile most of us wish You might not know this, but if
that we could find credit you're a good customer for your
cards that only had 0% current credit card company, you
APR, they can't really exist may be able to ask for a limited
because the credit card companies 0% APR period as well. If you've
wouldn't make any money. However, been paying your bills on time
if you're looking to save money and keeping a fairly low balance,
with a lower interest rate, there many companies are willing to
are ways to find great deals on reduce or negate the interest
APR percentages. rate for a while. They want your
business, so they're usually
Balance transfers willing to give you a deal to
keep you using their card.
The trick with getting a 0% APR
is to find a credit card that Going online
allows you to transfer other
balances under that initial lower There are many credit card
APR interest rate. While there is company comparison sites that
usually a time limit to these will allow you to see which card
kinds of offers, they can help companies are offering 0% APR for
save you a lot of money in the the first year of use or for
long run. And if you think about limited time periods. And while
it, these offers are much like this isn't a permanent solution,
getting the 0% APR on that other you can see which cards are
card, it's just a matter of where willing to take you on as a
you send the bill to. customer for a lower interest
rate.
Talking with the cards that you
have A word of caution
While it's safe to say that you're still carrying a balance.
you're aware of the fact that 0% And the truth is that many of
APR periods can be short, you these credit card companies will
need to be certain that you increase their interest rates
understand what the card company from 0% to 15% and even 24%.
defines as a period. In most
cases, the first purchase starts Also realize that there might be
the cycle of interest free credit restrictions in getting the 0%
balances, as opposed to the first APR. If you make certain
billing cycle end. purchases or don't make a payment
within a certain time, you might
Look to see what the interest revoke your right to that lowered
rate will be when the trial interest rate. Read the fine
period is over. If the interest print.
jumps dramatically, you might be
in for an unpleasant surprise if
About the Author:
Beth Derkowitz recommends Find Credit Cards for finding 0 APR credit card offers. See http://www.findcreditcards.org/type/0-apr.php for more information.
Source: www.isnare.com
