What does intro 0% APR mean? “APR” stands for “annual percentage rate.” It refers to the interest rate that your credit card issuer charges you for using your card. An introductory 0% APR means that a credit card doesn’t accrue interest (on purchases or balance transfers, depending...
Introductory APR This is a promotional interest rate for a limited period of time that is lower than the card’s regular APR, sometimes in the form of a 0 percent intro APR. It can apply to purchases, balance transfers or both, depending on the card’s offer. Once the introductory period...
But what does that mean in dollars and cents, and how does it impact your credit card spending? A purchase APR is simply the interest rate applied to purchases you make with your credit card. However, you only get charged interest if you don’t pay your credit card balance in full by ...
A purchase APR is the interest rate that applies to purchases you make with a credit card. Other transactions, like cash advances and balance transfers, may have different APRs. The regular purchase APR applies when no other interest rate takes precedence. For example, if your credit card has...
What's not included in representative APR? The representative APR assumes you only use the credit card for purchases. It doesn't take into account the different rates or fees that might apply for: using the credit card for things such as cash withdrawals or balance transfers ...
Balance transfer APR. Some cards are designed with a 0% APR period for balances transferred onto the card. For example, you might see, "0% intro APR on balance transfers for 18 months." Cash advance APR. If you use your credit card to get cash, like out of an ATM, you'll typically...
What is a 0% APR credit card? A 0%APRcredit card is a card that charges nointereston qualifying purchases, balance transfers or both for a fixed amount of time. This no-interest period is called a promotional period. If the promotional period is based on opening a new account, it may...
What does APR mean? The annual percentage rate, or APR, refers to the total cost of your borrowing for a year. It includes the interest you must pay plus any additional fees. All personal loans and credit cards have an APR. Before you sign a credit agreement, lenders must tell you th...
Balance transfer offers vary depending on thecredit card issuer, the card and the applicant. As an applicant, here are some things to consider when comparing balance transfer cards. Promotional APR periods:Longer promotional periods might mean more time to repay high-interest credit card debt withou...
But in general, a balance transfer is the most valuable choice if you need months to pay off high-interest debt and have good enough credit to qualify for a card with a 0% introductory APR on balance transfers. Such a card could save you plenty on interest, giving you an ...