Archive for December 26th, 2009

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. Read the rest of this entry »