The best credit card rate is a 0% APR credit card and can save you money

Of all the credit cards, none other than the 0% APR credit card is decorating the crest. These are introductory rates for a limited time. But it is the best low interest credit card that will save you paying interest on your monthly balance payments for a useful period. With a 0 APR credit card you will have this advantage for typically 3-6 months. So this is the best deal ever prevalent.

The APR being charged is of two types. Variable APR varies according to the Prime Rate offered by our nation's largest banks. Fixed APR means your rate is fixed, you're given a precise number, say 12.9% or 14.9%. Otherwise the credit card issuer will stick to each month.

Customers are diverting their interest from other credit cards to this 0% APR credit card simply because they want to lessen their debit burden and thus cut costs. This may enhance their plan to pay off some or all of their dues in the introductory period. It's also usual for customers to change cards again once the introductory period is finished - and thus pay 0% interest. Here the credit card firsm are all the more glad to take on new credit card application for this may enhance their business circle.

Further more the lion's share of credit card firms offer 0% APR credit cards when you make a new purchases for a fixed time. This implies that you can buy a product and pay for it after a period of time without any extra penny. So here you are really carrying out financial saving - as long as your consumer credit report is clean. There are umpteen number of credit card firms that won't charge for balance transfers or new purchases when you buy a 0% APR credit card.