Tag Archive | “0% introductory APR”

0% Credit Card: Purchase vs Balance Transfer Cards

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,


There are two types of 0% credit cards in the market. 0% balance transfer cards and 0% purchased cards. The rates of both of these are of special and promotional nature but still there is a significant difference. One must not get dazzled by the shiny and attractive rates being promoted by credit card issuers. Only when you understand the difference between balance transfer and purchase cards, you will be able to avoid the hidden fees and charges.

0% Credit Cards

Zero percent is just a marketing gimmick of credit card companies to lure new customers. If you take a closer look at the fine print, The 0% rate being boasted by banks is just for the promotional period of approx 3 – 9 months. After that, they start charging you “Huge” and “real” fees and interest charges.

You can not Borrow at Zero Percent!

There are no free lunches in the world, right? similarly, You can not borrow money on 0% interest rate. Interest rates and fees on your credit cards are the only source of income for banks and credit card companies. No bank or credit card company can survive by lending money without charging anything for it

0% promotional rate is for limited time only

After the promotional period is over, the banks starts charging you with normal rates. Length of promotional period can vary from card to card and bank to bank. Generally it can be anywhere between 3 months to a maximum of one year(which is very rare).

Read the full story

Best Credit Cards for Small Business

Tags: , , , , , , , , , , , , , ,


If you are looking to open up a Business credit card, then you must check out the three hot offers that are given below. All these cards have introductory 0% APR. The duration of 0% APR is 6-12 months. Means you can enjoy an introductory period of 6 to 12 months.

Pile of credit cards, narrow focus.

This APR varies with different cards and that is decided by the credit card company itself. It depends that what offer they will give to you by them, all these cards offer great cash back rewards, and no annual fees is charged by them. What more do you want. These are ideal cards offered to you.

Read the full story

 

September 2011
M T W T F S S
« Aug    
  1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30