Let me first start off by stating that there is no such thing as a 0% APR credit card, but rather a card that's going to give you 0% for a balance transfer.
Whats the difference between a balance transfer and regular APR based credit card?
Well, with a balance transfer, you're going to find out that you're going to get an introductory rate. With this introductory rate, you're going to get 0% for a certain amount of time. This amount of time is going to vary from 6 to 12+ months. Every bank is going to be different.
With the APR on your credit card, this is the interest rate that you're going to pay when you don't pay your balance off in full. For example, if your APR is 15% and you have a $500 balance. Let's say you pay $250. You interest rate will now be applied to that extra $250 for the year and it's distributed throughout the months. So, technically, you're not really paying 15% a month.
Where can I find a 0% credit card?
You can usually find these through just about any credit card that you apply for. Sure, you may be able to get this offer with a card that you already have, but you're going to find out that it may not work. You can always try and call up and ask. The worst thing that they are going to say is, "no."
Who has the best cards offering these rates?
From what I have seen when working with cards, there are a few card companies that have great promotional offers. There are a wide selection of cards, so I would choose wisely on what works best for you. Don't just choose a card for its balance transfer, but rather for a card that's going to give you great rewards as well.
Listed below are a few cards that I would check out when you're looking to get a good balance transfer rate...
* * Discover
* * Citi Bank
* * Chase Bank
The card companies that are going to offer 0% are the ones that offer rewards. It's going to be rather rare to find a 0% rate on bad credit cards, as well as other bad / prepaid related cards. These cards are generaly geared toward those with high risk, so you won't have any luck in that ballpark.
With so many cards out there, do your homework and find a card that's going to work for you. While you can't get 0% on loans, you can always get it on a balance!
Are you looking for 0 APR credit cards? On a daily basis, I find the best cards on the market that are going to work for you!
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