|
|
U R @: Education Center : The Credit Crunch : Will the Credit Cruch End 0% Credit Cards
WILL THE CREDIT CRUCH END 0% CREDIT CARDS
Over the past year, credit card companies have been reacting to the credit crunch by making it increasingly more difficult for consumers to gain access to 0% APR credit cards. Early in the year, a number of companies began raising fees on balance transfers. More recently, credit card companies have reduced the duration of many 0% credit card offers from a full year on purchases and balance transfers to as little as 6 months.
In the coming months, the availability of 0% APR offers could continue to decline, making the 0% APR credit card one of many credit crunch victims. At present, however, it is still possible to lock in a 0% APR on purchases and/or balance transfers for a full year or more.
Below, you can compare current 0% credit card offers and apply online for approval. By locking in a 0% APR today, you can gain peace of mind for the next year.
CITI® PLATINUM SELECT® MASTERCARD® |
|
- 0% Intro APR on balance transfers for 18 months and 0% Intro APR on purchases for 12 months. After that, the APR will be 11.99%-19.99% based upon your creditworthiness. This APR will vary with the market based on the Prime Rate*
- Extra Cash from Citi: enjoy discounts on gift cards,travel, merchandise and more
- Citi® Identity Theft Solutions
- Secure, free online account management
- No annual fee
|
|
|
|
Intro APR on Purchases
|
Intro APR on Transfers
|
Regular APR
|
Annual Fee
|
Credit Needed
|
|
0% for 12 Months*
|
0% for 18 Months*
|
11.99-19.99% Variable*
|
None
|
Good
|
|
DISCOVER® MORE CARD |
|
- 0% intro APR on balance transfers for a full 15 months, then the Regular APR
- 0% intro APR on purchases for a full 6 months, then the Regular APR
- 5% Cashback Bonus® in categories that change like travel, gas, groceries, restaurants, home improvement stores and more
- Up to 1% unlimited Cashback Bonus on all other purchases
- No Annual Fee
|
|
|
|
Intro APR on Purchases
|
Intro APR on Transfers
|
Regular APR
|
Annual Fee
|
Credit Needed
|
|
0% for 6 Months*
|
0% for 15 Months*
|
11.99% - 20.99% (Variable)*
|
None
|
Good
|
|
CITI CASHRETURNS® CARD |
|
- 0% APR on balance transfers for up to 18 months*
- Important Editor's Note: The 0% rate on this card lasts either 7, 12, or 18 months, based on a review of your application and credit profile.
- Earn a full 2% cash back on all purchases for the first 6 months and 1% cash back thereafter
- Earn cash back on eligible cash advances and balance transfers
- Average 5% cash back at over 400 leading retailers through the Citi Bonus Cash Center
- No annual fee
|
|
|
|
Intro APR on Purchases
|
Intro APR on Transfers
|
Regular APR
|
Annual Fee
|
Credit Needed
|
|
0%
|
Up to 18 Months
|
As Low As 12.99% Variable
|
None
|
Good
|
|
How Much Can You Save with a 0% APR on Balance Transfers
If you're carrying a balance on your credit cards, one of the easiest way to save money is with a 0% APR balance transfer. For example, a person with a $5000 balance on a credit card that charges 14% interest can save close to $700 on interest in one year. That's a lot of money for most of us, and saving this money can be accomplished online in less than 20 minutes.
Read more related articles: The Credit Crunch |
