Get Zero Percent Credit Cards



For a limited time we're allowing new customers to get new zero percent credit cards when they have an excellent credit history. These are essentially zero interest rate loans that can save the consumer hundreds or thousands of dollars. All they have to do is apply online for an introductory rate card and they can receive instant approval. People with a high credit scores might also receive an offer and promotion code in the mail. Consumers can immediately begin using these cards to make those new purchases that they have been putting off, while saving money. The introductory rates are also great for people who want to pay off balances on their other high interest, high debt cards. Rates are based on credit scores and Prime interest rate calculated using Labor.



Most banks offer various levels of cards, ranging from a Bronze card to the Platinum card. The lower level cards have interest rates that are higher than the premium cards which are reserved for the best customers - typically a 0% APR, as long as the balance is paid off each month before the next billing cycle. Banks don't make money off of these customers, but as few as one in ten pay off their balance each month. These customers create a windfall for the bank because they are paying monthly interest by carrying a balance from month to month.

Making purchases with credit cards has the advantage that consumer protection laws require that charges for defective products must be refunded to the customer. Otherwise, the consumer has the right to reverse the charges against the card. For people who are getting behind on rates, the zero or low rate can give them time to get their finances in order. Some cards offer cash back on purchases.

The drawback to the these low rate introductions are that after the introductory period the rates increase, often to levels that are higher than the card owner might expect. The user should note the duration of the introductory period. Carrying a high balance past the introductory period because they didn't pay it off can cause the savings plan to backfire. A sudden increase in the interest rate due to an increase in Labor can amount to sticker shock to the unprepared consumer. If the customer's credit score drops, their interest rate may go up.

Balance transfer fees are basic fees applied to the card when a balance is transferred from the customers other credit card. These fees might include a fixed fee and a variable amount that is dependent upon the amount to be transferred. These fees are usually applied to the card at an APR that is different from the APR used to calculate interest on purchases.