subject: Zero Apr Credit Cards : Your Best Option [print this page] The APR which stands for Annual Percentage Rate is one of the most common deals offered by several credit companies. This kind of deal could be highly beneficial on your part. Most cards that comes with and APR provides a lot of features that you can use along the use of your card. For instance, some deals would give you the chance to have balance transfer without any fees due to the APR. Some would even focus on one particular offer such as travel or gas benefits because these cards come with an APR.
On the darker side, such cards would go against you if you don't pay for your APR. It could accumulate and could give you a large amount of interest. Such manner could bring you credit debt.
Well, everything on credit cards has its own pros and cons. And these are just a few of them. With regards to APR, it could be an advantage on your part or it could lead you to a doom of being in-debt. It all comes down into one thing. And that is how responsible you are in using your card; abiding to its terms and conditions and most importantly, prompt payment of bills and fees.
That is why zero APR credit cards can be very useful. If you avail of zero APR cards, you will have lesser chances in acquiring credit debt with high interest considering you don't pay promptly. I'm not saying that if you're not a prompt payer, you should go for zero APR cards. Well, that could be a factor but the whole point of the matter is having a zero APR card is much safer.
Yes! It is safer because you are not required to pay an annual rate. Though most zero APR cards would come with less features and benefits, these cards would help you minimize your expenses in a quiet manner. As you use your card, you will still be able to have the kind of convenience a card provides.
But one thing you should know, this kind of deal doesn't go on forever. Usually it takes 6 month or a year. So make use of this opportunity in using your card without any interest.
Moreover, zero APR period would be the best time to start eliminating your debt if you have one. It comes with no interest so take advantage of the whole period to clear your debt.
