Where To Get 0% APR Credit Cards

Is It Possible To Get 0% APR Credit Cards?

Welcome to The Finance Wizard.  This blog will strive to provide you with up to date financial information that hopefully will help you when you need it most.  Today, we are going to talk about 0% APR credit cards.  In case you didn;t know, there really is no such thing as a  0% APR credit card..  However, what it truly is or does is give you 0% for a balance transfer. Watch out for loan sharks

So now, you may be asking yourself, "What the heck is the difference between a balance transfer and a regular 0% APR credit card?"

The Difference Between a 0% APR Credit Card and a Balance Transfer

Well the first thing you will notice is that you will get an introductory rate
with a balance transfer card.  For a brief period of time, this basically means
that you will get 0% and this usually varies between 6-12 months.  Each and
every single bank is going to be different so its a good idea to shop around.

Now, the APR on your credit card is the interest which you'll pay when you are
unable to pay your balance off completely.  As an example, lets pretend that
your APR is 17% and you have a $1500 balance.  Ok, now you pay $750 right?  Your
interest will now be applied to the balance of that for the year and it is
distributed monthly.  So do you see how you are really not paying 17% monthly?

Where is it Possible To Find A 0% Card?

It's usually very easy to find these types of cards - just about every major
credit card company has them available.  It's possible that you can get this
type of offer through your current card, but don't hold your breath - it may
not work depending on who you currently have your credit card with.  There
are many, many selections to choose from, so take your time and shop around. Stay away from loan sharks online.

The main credit card companies to check out would be Discover, Citibank, and
Chase Bank.  You can usually find what you need through these three.  If the company offers rewards, then it's highly likely that they offer some type of
0% APR credit cards.