What Is 0% APR And How Does It Work? – The Major Pros & Cons
What Is 0% APR And How Does It Work? – The Major Pros & Cons
Abstract
One of the most common offers provided by credit card companies on new credit card purchases is 0% APR. APR stands for the annual percentage rate that is charged by the credit card company on the credit cards as an interest rate for utilizing the money. The average APR that is charge on a credit card in the country is between 16 to 17 percent and could go up to twenty-five percent. If you have low credit. You need to be responsible to pay off the balance. No benefit if the balance is not paid in the offer. Not everyone qualifies for this offer. It is one of the best ways to pay for your large purchases with no interest rate charged. The offer is only for a limited period.