APR credit cards are usually zero available for those who wish to transfer the debt balance from one credit card company to another. This balance transfer will allow the person to merge several credit card balances into one account and obtain a zero interest rate for a limited time while the person pays the debt in full in one account.
The APR mainly refers to the annual percentage rate, which also reflects the amount that you have to pay when borrowing money. For credit card companies, the annual interest rate is the amount of interest that you pay based on your current primary balance. This is the end cost of borrowing this amount of money. So, once you transfer your balances to a bank or credit card company that does not give you any annual profit rate, they will not charge you any interest while paying the amounts that have been transferred to their account.
The upside of not having a zero annual interest rate is that it will help you get rid of debt quickly without having to face the difficulties of paying interest payments on what you owe. This will also help increase your credit score during the time of payments and help you recover in your money. However, the downside of the APR zero is that it is usually only offered by banks or credit card institutes for a limited time period. Whether it’s from 6 months to a year, you won’t normally have the zero APR franchise for more than a year. So always read the fine print and find out if it’s really perfect for your situation.
David has been writing articles for nearly two years. Come visit his latest website discussing some great ideas about home renewal products such as the best front entry doors