How To Apply For Zero APR Credit Cards

If you are finding it hard to make ends meet and have credit card debt, you may find zero APR credit cards are a way to quickly put money back in your pocket. If you are paying high interest rates on high balances, you can easily save hundreds of dollars every month by transferring your credit card balances to an interest free introductory offer.

These zero APR credit cards provide a 0 interest period after which you will have to pay normal interest rates again, so the longer the interest free term, the better off you will be. Stress caused by financial pressures can affect every area of your life so gaining temporary relief so you can reorganize your finances, adjust your spending habits and reduce your credit card balance can help you get things back under control. Zero APR credit cards are easy to obtain by searching, researching and applying online.

Specialist credit card sites make the whole process easy by presenting you with a small selection of the best cards to choose from. They provide easy to understand, yet relatively comprehensive comparisons between the different cards so you can choose the best one for your personal needs. Look for a card with the longest interest free period, the lowest ongoing rates and charges, low or no balance transfer fee and low standard interest rates once the introductory period is over.

If you transfer your credit card balances to an introductory offer card, you can use some of the interest savings to reduce your credit card balance. This is important because after the interest free period you will have to start paying interest again. The more of your interest savings you can continue to pay on your card, the more you will be able to reduce your actual debt. After all, once your introductory period is ended you will have to pay interest every month on the balance owing.

If you have been able to reduce your balance, your payments will be lower. You also have the option to transfer your balance again to another introductory offer to allow you more time to pay down your credit card balance. Be sure to cancel your old balances when you apply for your new zero APR credit cards, otherwise you can revert to using credit under pressure.

Many people have been caught out after transferring their balances or consolidating their debt into a loan, by not canceling their current cards. Banks and other financial institutions do not always do this for you as a part of the process, so you have to make sure you do not continue to have access to this credit yourself. You spending habits may well have gotten you into debt in the first place. To truly benefit from transferring credit card balances to zero APR credit cards, it is important to overhaul your financial habits.

Create a workable budget and live within it. If part of the problem is an inadequate income, take advantage of the breathing space a balance transfer can give you by getting advice, taking action or investing in yourself so that you are able to earn more. It will be easier to do what you have to do to improve your life while you have an interest free period because you won't be struggling to survive.

If you're looking for a long-term low rate credit cards deal, a low APR credit card could be right for you. Low APR cards can sometimes represent a better deal than credit cards offering 0% deals on purchases and balance transfers, as the cheap rate is guaranteed until you've repaid the debt in full.

The cards below are ordered by interest rate (APR). Low APR credit cards vs. While cards offering long 0% interest deals on balance transfers and purchases can seem attractive at first, they’re not always best for the long-term. This means you might be better off considering a low APR credit card from day one, especially if you think you won’t be able to pay off your balance within the introductory period. What are the advantages of a low APR credit card,

One of the biggest advantages of a low APR credit card is that you can stick with the same card for longer and still get a good deal, rather than having to regularly switch to take advantage of new offers. Sticking with one low APR credit card also means you avoid paying more than one balance transfer fees - the added expense of these fees could cancel out the benefits of switching.

Work out if you could save more in the long-term with a low rate APR credit card. Switching credit card often could also have a negative impact on your credit report, making it harder to get certain cards in the future. Is a low APR credit card right for me,

0% balance transfer credit cards are good for consolidating your debts, or if you have a big balance to pay off. However, when the interest free period is up you’ll start paying the standard rate unless you switch again, meaning you might end up paying another balance transfer fee. You generally need to have a good credit rating to be eligible for some low APR credit cards - check your credit report before applying. What does 'popularity' mean, Cards are ranked by the number of clicks they get on the site in the past 48 hours. The most clicked on cards are at the top, the least at the bottom.

If you've always paid your credit card balance in full every month, it can be disconcerting to find yourself carrying a balance for the first time. The balance might be the result of having a little more fun than your cash flow can accommodate, or it might be a consequence of something serious, such as a job loss or medical emergency. Either way, it's a sign that you might need to re-evaluate your use of credit cards, and think about how to manage your new balance responsibly.

Here's how to manage the debt and prepare for the next financial challenge. Before you look to the future, it's useful to look at how you got here. If your credit card debt was the result of a one-time event, consider what you can do to be more prepared next time. If you have an emergency fund, you're less likely to need to lean on credit cards when disaster strikes. But if your credit card balances have been steadily growing, to the point where you can't cover them with your disposable income, it's likely the result of overspending.

Your expenses may have simply grown faster than your income, or perhaps you've developed some new habits that have pushed your lifestyle over the line into being unsustainable. Try tracking your spending for a few months. You may be able to free up cash by cutting back on restaurant meals, turning your thermostat down (or up, depending on the season) by a couple of degrees or choosing more modest entertainment options.