Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is an introductory 0% APR interest rate?

April 26, 2017Apr Interest rate

0

Posted

What is an introductory 0% APR interest rate?

1 Answer

0

Posted

A 0% introductory interest rate is a dangling carrot that credit card merchants use to make credit cards more attractive. Should you fall for it – Yes! You pay no interest on your purchases for 6 to 12 months. The alternate is paying interest from day one. Pay attention to the credit card terms for details about the standard interest rate after the introductory period is over.