Best 0% Interest Credit Cards for Coronavirus / Covid-19 Pandemic APR
What Are 0 APR Credit Cards?
0 APR credit cards are cards that offer a 0% introductory Annual Percentage Rate (APR) on purchases or balance transfers for a set period of time. This means that cardholders can make purchases or balance transfers without incurring any interest charges during the 0% APR period.
Since 0 APR credit cards are attractive to consumers due to their lack of interest charges, they are often offered as part of a promotional offer. Promotional offers may include a 0% introductory APR on purchases and balance transfers, a sign-up bonus, and a rewards program.
How Do 0 APR Credit Cards Work?
0 APR credit cards typically offer a 0% introductory APR on purchases and balance transfers for a set period of time. This introductory rate is typically available for six to twelve months, depending on the card.
During the 0% APR period, cardholders are not charged any interest on their purchases or balance transfers. However, cardholders are still responsible for making all of their payments on time and in full. If payments are not made on time, the remaining balance will be subject to the card’s standard APR.
Benefits of 0 APR Credit Cards
There are several benefits to using 0 APR credit cards. First, cardholders can save money on interest charges. As mentioned previously, 0 APR cards offer a 0% introductory APR on purchases and balance transfers for a set period of time. This means that cardholders will not have to pay any interest charges on their purchases or balance transfers during the 0% APR period.
Second, cardholders can use 0 APR credit cards to pay off existing debt. By transferring existing debt to a 0 APR card, cardholders can save money on interest charges and pay off their debt faster.
Finally, 0 APR credit cards can be used to make large purchases without incurring extra costs. Since there are no interest charges during the 0% APR period, cardholders can make large purchases without worrying about incurring any extra costs.
Drawbacks of 0 APR Credit Cards
Despite their benefits, 0 APR credit cards also have some drawbacks. First, the 0% introductory APR is only available for a limited period of time. Once the 0% APR period expires, cardholders will be subject to the card’s standard APR.
Second, 0 APR credit cards may have other fees, such as an annual fee or balance transfer fee. Cardholders should be sure to read the terms and conditions of the card to determine if there are any additional fees associated with the card.
Finally, 0 APR credit cards may have a lower rewards rate than other cards. Since the card issuer is not making any money from interest charges, they may offer a lower rewards rate to make up for the lost revenue.
• 0 APR credit cards offer a 0% introductory Annual Percentage Rate (APR) on purchases and balance transfers for a set period of time.
• 0 APR credit cards can help cardholders save money on interest charges and pay off existing debt faster.
• 0 APR cards may have other fees, such as an annual fee or balance transfer fee, and may offer a lower rewards rate than other cards.
People Also Ask:
Q: How long is a 0 APR credit card period?
A: The 0% APR period typically lasts for six to twelve months, depending on the card.
Q: Are there any fees associated with 0 APR credit cards?
A: Yes, there may be additional fees associated with 0 APR credit cards, such as an annual fee or balance transfer fee. Cardholders should be sure to read the card’s terms and conditions to determine if there are any additional fees.
Q: Can 0 APR credit cards help me save money on interest charges?
A: Yes, 0 APR credit cards can help cardholders save money on interest charges by offering a 0% introductory APR on purchases and balance transfers for a set period of time.
Best Credit Cards 0 Apr – Highest Rated?
COVID-19 isn’t going away soon so choosing the best 0% interest credit cards will help you in this pandemic. We’ll discuss our top 3 picks and how to use them. See Ad Disclosure below ⬇
[🐼 Blog: https://pnts.pa/0-interest-cards] [🐼Offer: https://pnts.pa/0-apr]
With the coronavirus lockdown in full swing and the economy struggling, many people are looking for 0% interest offers in 2020. Apart from having 0% APR in balance transfers and 0% APR for purchases, these cards also provide added benefits to those looking to collect rewards or cashback, and most of the time, with no annual fees.
In this credit card review, you’ll find our top three recommendations and we’ll also talk about how to use these 0% interest APR cards.
A quick note on 0% interest cards — it’s tempting to make a large purchase or transfer debt and let it sit for a few months, but take note of how this can affect your credit score. Leaving a large balance on a credit card increases your credit utilization rate. Doing so can have a negative impact on your score. Stay vigilant and remember to keep your credit utilization rate below 10%.
The following cards mentioned in this video all offer 0% interest during coronavirus and through at least the end of 2020. The ABOC Platinum Rewards Mastercard®, the Wells Fargo Cash Wise Visa®, and the Citi Rewards+℠ Card are three great options for 0% interest offers in 2020.
They all carry no annual fee, offer at least 12 months of 0% interest on both purchases and balance transfers, and have unique rewards earning potential in categories that make sense during the pandemic lockdown. These are credit cards for people with bad to fair credit, and that’s especially true for the offering from ABOC.
(Disclaimer: All offers are always subject to change over time)
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