Apply for a 0% APR Credit Card

Many credit cards offer 0% APR for an introductory period — usually six to 12 months. Zero percent APR means that no interest is charged. Hence, the cardholder can carry a balance and not be charged any monthly interest.

Cardholders can often manage existing credit card debt more effectively by transferring it to a card with an introductory 0% APR offer. There may however be a fee for balance transfers even if no interest is charged. In this case, it may be better to look for a balance transfer card.

It is important to note that when the introductory period runs out, interest rates will apply — often without warning. The benefits of 0% APR cards are obvious, and if used effectively, can help reduce or eliminate debt. Cardholders should be aware of regular charges, including annual fees, and should also note that if interest rates are applied after an introductory period they may be above average.