Posted on 24 January 2011
Tags: 0%, 0% APR, 0% Balance Transfer, 0% balance transfer cards, 0% credit cards, 0% interest rate, 0% intro APR, 0% introductory APR, 0% purchase credit cards, 9 months, Amount, anything, attractive rates, available credit, Balance, Balance Transfer, balance transfer cards, balance transfer check, balance transfer credit card, balance transfer credit cards, balance transfer offers, balance transfers, bank, Banks, best, Business Credit Cards, card, card companies, card company, card issuer, Cards, charge, CHASE, cheap, cheapest, closer look, compare, condition, credit, credit card, credit card application, credit card applications, credit card companies, credit card company, credit card issuer, credit card issuers, credit card offers, credit cards, credit limit, Credit Score, customer, customers, deal, deals, debt, debts, fee, fees, Fine Print, Free, free lunches, gas purchases, gimmick, high interest rate, high interest rates, interest charges, interest rate, Interest rates, IRS, lending money, limited time, loan, Loans, low, low apr, low interest, lowest, marketing, minimum, online, payment, payoff, period, price, prices, Promotional recording, purchase cards, rate, rate interest, rates, Save money, source, Store Credit Cards, transaction, transfer balance, Transfers, trouble, Zero, zero percent
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).
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Posted on 14 June 2009
Tags: 0% introductory APR, American Express SimplyCash(SM) Business Card, APR, Best Business Credit Cards, Best Credit Card, Blue Cash® for Business Credit Card, business credit card, cash back rewards, credit card balance, credit cards, Discover® Business Card, introductory 0% APR, no fee credit cards, purchases, Small Business
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.
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.
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