Title:

0% APR Credit Card Benefits

Word Count:
605

Summary:
There is nothing as fine as saving money with a 0% APR credit card. These low
interest rate cards allow you to spend hundreds less each year in interest allowing
you to buy many other things that are important to your family.

Keywords:
0% APR Credit Card, 0% APR Credit Cards, 0% Interest Credit Cards

Article Body:
You will see many lenders these days offering 0% APR credit cards. If you are
thinking of applying for a 0% APR credit card, it is well worth taking the time to
research and compare all the offers and benefits available. Although many company's
offer 0% interest credit cards, in most cases it is for an introductory period
only. You should take the time to compare the agreements and conditions carefully,
as these vary considerably from lender to lender. It's also important that you take
into consideration the permanent rates that the lender charges. While 0% interest
credit cards may look tempting, it's no use entering into an agreement if you
struggle to make payments because the permanent rate is too high.

The benefits of a 0% APR credit card may seem obvious, you don't pay any interest!
But many of the 0% interest cards also offer other benefits. Some come with reward
schemes like rebates, others with cash back offers. The reward scheme applies to
your purchases, where the lender may give you a percentage of cash back for every
dollar you spend. They may also have a reward scheme where you can accumulate
points depending on how much you spend. These points can then be exchanged for
merchandise which the companies offer to their customers. While the points on offer
are strictly in favor of the card company, you can still save on the retail
purchase price of these goods, which is a benefit.

If you are currently paying interest on your current card or cards, why not think
about changing to a 0% APR credit card? If you have a few cards the monthly
payments can soon become a considerable sum. You can save yourself money by
changing to one of the 0% interest cards. Just think, instead of paying out maybe
$100 or so a month in interest, you could be paying out a lot less while reducing
the amount you owe.

Most banks or credit card companies will allow you to transfer the outstanding
balance you have on your current card to one of their 0% interest credit cards.
That means you could consolidate all your outstanding balances on your current
cards by transferring them to your new 0% APR credit cards. Some lenders may have a
limit on the total money you are allowed to transfer. It's important that you read
the terms of the offer and understand them fully before committing yourself to an
agreement. You don't want to be penalized by any fees you may have to pay if
transferring a balance.

The new lender you have transferred your balance to, may have a time limit on their
0% interest credit cards. If you want to keep your payments low, or keep reducing
your balance then you should think about changing your card or transferring the
balance before the 0% APR credit cards offer runs out. It is worth checking your
agreement at this stage just to make sure you will not incur a fee for transferring
your balance to another card.
If you've done your homework and chosen the correct card in the first place, this
shouldn't be a problem. You should start to look for your new 0% APR credit cards,
or card, a month or so before your offer terminates. This will give you time to
apply and be able to transfer your balance as soon as your 0% interest credit cards
offer ends.

There is an important fact about a 0% APR credit card that most people overlook.
Most agreements state you must make ALL your 0% APR credit card payments on time.
If you make a late payment on your 0% interest credit cards then the offer becomes
invalid immediately.