Are 0% APR Credit Cards Legit? Facts You Need to Know

Discover the truth about 0% APR credit cards, their benefits, and important considerations before applying.

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Yes, 0% APR credit cards are real. Many credit card issuers offer 0% APR on purchases or balance transfers for an introductory period, usually ranging from 6 to 21 months. Be sure to read the fine print and understand when the 0% APR period ends and what the interest rate will be thereafter. Always make payments on time to avoid fees and losing your 0% APR offer.

FAQs & Answers

  1. How do 0% APR credit cards work? 0% APR credit cards offer no interest on purchases or balance transfers for a promotional period, making them ideal for paying off debt or making large purchases.
  2. What happens after the 0% APR period ends? After the introductory period, the APR typically increases to the standard rate, so it's important to be aware of the terms outlined when you apply.
  3. Are there fees associated with 0% APR credit cards? Some 0% APR credit cards may have balance transfer fees or annual fees, so be sure to read the fine print before applying.
  4. Can I use a 0% APR card for cash advances? Most 0% APR offers do not apply to cash advances, so check the card terms to understand any limitations.