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0% APR Credit Cards

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0% APR credit cards don’t charge an interest rate. Still, there are different types of such cards. Sometimes 0% APR refers to small purchases during a certain time period. Sometimes 0% APR refers to operations of transferring money from one card to another. Other cards offer 0% APR for all kinds of financial operations during a specific period (trial period, so to say).

0% APR cards are especially good for people, who often deal with transferring funds and high interest in these operations.

After a “trial period” ends, such cards offer even higher interest rates for larger balances than simple cards. That’s why it’s important to look for cards with larger 0% APR periods (at least a year).

Still, don’t be attracted by the tempting perspectives. Once the introductory period ends, the interest rate and fees become extremely high. Furthermore, the fees for the late payments (even two days later) can be substantially higher compared to simple cards.

So, it’s important to understand all the pros and cons and dangers of the 0% APR credit cards in order to not fall into a trap! Furthermore, avoid suspicious companies and lenders as they can play with you a game with a bad final!