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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® CARD - BEST CREDIT CARD COMPANY |
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- 0% APR on Balance Transfers for a FULL 12 months
- 0% APR on Purchases for a FULL 6 months
- Editor's Note: Discover is our top pick amongst credit card companies because they have proven to be the most customer friendly credit card company during the past two years. Unlike most major credit card companies, Discover did not dramatically raise interest rates on their customers in 2009 and generated virtually no negative feedback in the past year.
- 5% Cashback Bonus® in categories that change like travel, gas, groceries, restaurants and more
- Up to 1% unlimited Cashback Bonus on all other purchases automatically
- Turn your Cashback Bonus into bigger rewards by redeeming for gift cards from over 100 brand-name Partners
- Instant Response within 60 seconds
- No Annual Fee
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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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Credit Needed
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0% *
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12 Months *
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As Low As 11.99% Variable *
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None *
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Good
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CITI® PLATINUM SELECT® CARD |
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- 0% APR* on balance transfers and purchases for up to 15 months
- Editor's Tip: See application for complete terms and conditions on 0% rates
- No annual fee
- Citi® Identity Theft Solutions
- $0 Liability on unauthorized purchases
- Secure, free online account management
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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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Credit Needed
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0% *
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up to 15 Months *
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As Low as 11.99% Variable *
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None *
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Good
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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 | 
