0 APR credit card APR, cash back and optional rewards etc. are
several reasons for any one to opt for a good credit card. They
are also a useful and a smart way to meet ones financial needs.
Most of the credit card companies offer most attractive features
to lure their customers.
These credit card companies offer 0 APR credit card for several
reasons and in several manners. Many cards offer 0 APR credit
card for first six months and after the introductory period is
over the regular APR is applicable on any purchases made through
the cards. This offer for regular period ranges from 12.49% to
15.99% on such a 0 APR credit card.
Credit companies offering a student credit card offer a 0 APR
credit card. Most of the 0 APR credit card offer applies to the
student credit card on all purchases, cash advances and balance
transfers as long as the student does not default under the card
agreement. The 0 APR credit card is offered usually by most
reputed banks like Citibank, ABN Amro, Chase, etc. Some
merchants also offer 0 APR credit card like British Airways,
NorthWest Airlines, Hilton Hotels, etc.
Travel cards offered by various merchants and banks like Chase,
British Airways, and etc. offer 0 APR credit card for which the
introductory period of 0 APR is applicable for first twelve
months. 0 APR credit card of a travel category also offers
various other benefits other than 0 APR. These benefits include
bonus miles, free flights, hotel stays, extra miles or bonus
reward points on purchases from participating merchants. Travel
0 APR credit card are also eligible for redemption of reward
points at any of the issuing banks or merchants outlet and also
at any of the participating merchants.
0 APR credit card have the 0 APR period on limited to a few
months. After the period is over the regular APR applicable on
these cards can be fixed or variable. One must look for such a 0
APR credit card for which the regular APR period is most
convenient. In a fixed APR credit card offer the finance charges
are usually high but there is a bottom line for charging the
finances. If the published index goes higher then the fixed APR
does not change and finances charged remain the same. IN case of
a variable APR after the introductory period is over on a 0 APR
credit card, the finance charges are low. The existing APR is
determined on the basis of published index on the basis of which
the finances are calculated for the existing billing cycle.
Chase Cash Plus Rewards Visa, Discover Platinum Card, Chase
Platinum, American Express Rewards Gold Card, Citi Diamond
Preferred Rewards Card, The GM Card Mastercard, Discover
Platinum American Flag Card, Sony Platinum Visa Card, Citi
Driver s Edge Platinum Select Card etc are some of the classic
examples of a 0 APR credit card.
About the author:
Peter Sissons, Retired Bank Manager and
Business Credit
Cards advisor - focusing on
Low Interest
Credit Cards and
0% Credit Cards
