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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 3 or 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.
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.
DISCOVER® MORE (SM) CARD |
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- 0% Intro APR for 6 months on Purchases, and up to 6 months on Balance Transfers*
- No annual fee
- Customer Service in less than a minute, anytime you want
- 5% Cashback Bonus® in categories like travel, home, gas, restaurants, movies and more
- Up to 1% Cashback Bonus on all other purchases automatically
- Unlimited cash rewards
- Editor's Pick for best overall offer. Click more details below the card to find out why.
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Intro on Purchases
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Intro APR Period
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Regular APR
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Annual Fee
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Transfers |
Credit Needed
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0% *
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6 Months *
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As Low As 11.99% *
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None *
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Yes
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Good
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CITI® PLATINUM SELECT CARD |
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- Offers a 0% APR* on balance transfers and purchases for 6 months.
- No annual fee
- Secure, free online account management
- Citi® Identity Theft Solutions
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Intro on Purchases
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Intro APR Period
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Regular APR
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Annual Fee
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Transfers |
Credit Needed
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0% *
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6 Months *
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As Low as 11.99%(V) *
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None *
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Yes
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Excellent
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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 | 
