The high competition between the credit card companies is forcing them to adopt new and attractive offers to acquire new customers. 0 APR is one such offer. APR stands for the Annual Percentage Rate which in simple terms is the interest charge by companies on outstanding credit card balance.

So 0% APR means no interest is charged from the credit card holder. It comes in many categories like 0% APR for the life of credit card, 0% APR for a limited period, 0% APR offers for some services and a different APR rate for other services. The 3 must ask questions listed below will surely help you get a perspective on your 0% APR credit card and make an informed decision.

• How long will this 0 APR offer last? It is very important to know what is the period for which this offer will last, if this is not life long. Some credit card companies give this offer  for a fixed period say 6 months or 1 year.
• What APR will be charged after the introductory period is over? The amount being charged must be of prime concern. Since the credit card company is already losing revenue by giving you a 0% APR credit card offer it could try to compensate with a higher APR after the intro period expires.
• What are other fees and benefits of the credit card? Ensure the APR on cash advances, purchases, and balance transfer. The credit card companies sugar coat their offers to attract new customers but, it is in the interest of credit card holder to ask right questions and get complete facts before applying for any 0% APR credit card.