APR

Comparing 0 APR Credit Cards

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With all the introductory 0 APR credit cards popping up all over the internet in emails, on websites as advertisements and even in the regular mail through flyers, it is very hard to decide which credit card company is really offering the better deal in the long run. The introductory offers all look great but what happens after they expire? Do not take the introductory offer for 0 APR credit cards at face value. Above all, do a bit of research before you make your decision.

There are so many different 0 APR credit cards being offered that you can become overwhelmed. Today, you can find several companies offering 0 APR credit cards and other incentives to get you to apply for their credit cards.

The four most popular offers today include:

Citi Platinum Select Card You must have excellent credit or you will not be approved for this 0 APR credit card. The card offers 0% APR on balance transfers and purchases for your first 12 months. There is no annual fee, you can manage your account online, and there is zero liability on unauthorized purchases.

Chase Platinum Credit Card – With the Chase Platinum credit card you can be approved for their 0 APR credit cards but you must have at least good credit. You’ll get 0% interest on all purchases and balance transfers for up to 12 months. However in some cases 3 months is all you get for 0% on balance transfers (your credit history comes into play). Regardless, you won’t have to pay an annual fee and you can also access your account online. Whether you qualify for 3 months or 12 months of 0% interest, you will be paying a competitively low APR after the introductory special.

Discover Platinum Card With this 0 APR credit card you will receive the 0% introductory special for 12 months on purchases and balance transfers, with no annual fee and 5% cashback on purchases made at certain stores such as bookstores, gasoline stations, and restaurants. You’ll also get 1% cashback on all other purchases and the cash rewards will never expire as long as you are a cardholder, and in some cases, you can even double your cashback bonuses. Keep in mind, that you will need to have excellent credit to qualify for this offer.

Blue from American Express is one of American Express’ 0 APR credit cards that will give you 0% for up to 15 months, no annual fee, a credit card reward program as well as online account access. Once again, you must have excellent credit to be approved.

This is the information that you will first see when you visit the websites for these card offers while you are searching for the best deal on 0 APR credit cards, however, you should never apply with this information only. Be sure to learn if any of the points or cashback options have expiration dates, and above all, always be sure to thoroughly investigate the card offer’s terms and conditions before applying.

Why is it hard to eliminate credit card debt

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The problem with credit card debt is that it is very easy to get into but hard to get out. (some people associate it with a bad marriage, and it is really similar to it). To get into a credit card debt is even easier than any other debt, because the plastic is just there in out wallet all the time, as an easy solution, and we tend to use it as a “quick fix. Credit card debt reduction is although a different story, to get out of credit card debt you need discipline and planning to reduce your outgoings and change your attitude towards your spendings.

Getting to a stage when you realize that you must eliminate your credit card debt before it gets out of control is kind of scary experience. When you realize that you need to find a solution because there is no other way out, and you cannot carry on piling up interest on your debt. How do you start to reduce credit card debt? You can start with preventing it from increasing and paying off the capital or getting a lower interest credit scheme, therefore reducing your total credit card debt (credit plus monthly interest). Sound simple, doesn’t it?

Not really. The truth is that it is not at all simple and people easily get confused by the number of offers thrown at them, and we still have so many people with credit card debt related issues. If it was that simple, all those people would have already gone ahead and finally eliminated them or at least reduced them significantly. You an find loads of information on how to reduce credit card debt, but still nothing much seems to provide you with the “easy” button you are really looking for. Your problem still seems to persist or just gets worse with time. Once you can overcome the confusion and can dig to the bottom of the problems, credit card debt can be resolved easily. As mentioned, there is plenty of advice available on how to reduce credit card debt and some of these resources are originated by professionals who are experts on the credit card debt consolidation field. All you have to do is follow the advice and put them in practice. In the end of the day the only person who will benefit from eliminating credit card debt is you alone.

Other than following the step by step instructions of your credit card debt consolidation plan, there are more methods to eliminate credit card debt. You can always seek assistance either at your own credit card company or an independent credit card debt specialist. Remember: Your credit card company wants their money back, so most of the times they are ready to compromise, give you a lower APR or freeze the interest if you agree a credit card debt consolidation plan.

Remember: if you are not confident enough to negotiate a deal with your credit card company, there are many companies who are willing to support you and also offer free credit card debt consolidation consultation.