Banking services chronicle published this article 0% APR Credit Card Benefits
You will see many lenders these days offering 0% APR credit cards. If you are thinking of applying for a 0% APR credit card, it is well worth taking the time to research and compare all the offers and benefits available. Although many company offer 0% interest credit cards, in most cases it is for an introductory period only. You should take the time to compare the agreements and conditions carefully, as these vary considerably from lender to lender. Its also important that you take into consideration the permanent rates that the lender charges. While 0% interest credit cards may look tempting, its no use entering into an agreement if you struggle to make payments because the permanent rate is too high. The benefits of a 0% APR credit card may seem obvious, you dont pay any interest! But many of the 0% interest cards also offer other benefits. Some come with reward schemes like rebates, others with cash back offers. The reward scheme applies to your purchases, where the lender may give you a percentage of cash back for every dollar you spend. They may also have a reward scheme where you can accumulate points depending on how much you spend. These points can then be exchanged for merchandise which the companies offer to their customers. While the points on offer are strictly in favor of the card company, you can still save on the retail purchase price of these goods, which is a benefit. If you are currently paying interest on your current card or cards, why not think about changing to a 0% APR credit card? If you have a few cards the monthly payments can soon become a considerable sum. You can save yourself money by changing to one of the 0% interest cards. Just think, instead of paying out maybe $100 or so a month in interest,
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