Credit cards offering low interest rates are popular among credit card users. Finding credit cards with no APR is an even better deal but in order to qualify for 0% APR credit cards, you need to have an excellent credit history and a steady income. Additionally, in order to manage a no-interest credit card effectively, you have to understand how the no-APR cards work.

Many credit card providers offer a 0% APR  for a limited time only. The 0% APR is a promotional tool used to bring new customers on board. Many consumers have benefited greatly from using cards within the right timeline and have successfully paid no interest on their purchases or their consolidation of existing credit card balances. No-interest credit card offers are a useful tool when planning to eliminate existing credit card balances from other providers. (more…)

If you are considering transferring your debt from a high interest credit card to a 0% APR credit card there are some things that you need to know. Let’s take a look.

Your Credit Card Debt Will Not Go Away

Don’t get the false impression that your debt will somehow diminish. While you will save in interest when it comes to your payments, in essence you are using one credit card to pay off another. The debt simply gets transferred, and is still in your name. While a 0% APR balance transfer is the first step in the process, committing to paying down your debt is the most important step you need to take.

Your Payments Will Be Simplified

If you have more than one credit card that you have racked up debt on and you can transfer all of your debt to a high limit credit card, your payments will be easier. First, you will now only have one payment to remember to make each month. Second, your minimum payment each month very well may be lower than the total combined payments you were making when you had debt on multiple cards. (more…)

Credit card companies have recently starting offering 0% APR offers lasting one full year again.  In the past, nearly every credit card advertised a 0% APR for 1 year.  However, during the past nine months, many credit card companies started reducing the length of these offers to 6 months.  Recently, however, more and more credit card companies are upping the duration of 0% credit card offers, at least in their advertisements.  As always, it takes a little detective work to find which companies are offering the best credit card deals. (more…)