http://www.financenewspro.com/0-apr-credit-card-true-benefits/ Professional Finance News And Articles Thu, 17 May 2012 14:51:33 +0000 http://wordpress.org/?v=2.3.1 http://www.financenewspro.com/0-apr-credit-card-true-benefits/#comment-1461 Joe Thu, 04 Dec 2008 17:02:49 +0000 http://www.financenewspro.com/0-apr-credit-card-true-benefits/#comment-1461 Good point but I have one cavaet. There is a little hitch to "no interest" promotional deals. Each payment made is applied first to the "no interest" balance until paid off. For instance, let's say you rang up $1000 in credit card charges on a zero interest deal in the first month or two. After the promotion zero interest deal expires, you continue to use the card adding more to the balance and part of which is charged a market rate. With each montly payment you make on the card, the balance subject to zero interest is reduced by the full amount of your payment until exhausted. Thus, the only way to really play this zero interest promotional game is not to use the card after the promotional period expires to extend the zero interest benefit as long as possible. Good point but I have one cavaet. There is a little hitch to “no interest” promotional deals. Each payment made is applied first to the “no interest” balance until paid off. For instance, let’s say you rang up $1000 in credit card charges on a zero interest deal in the first month or two. After the promotion zero interest deal expires, you continue to use the card adding more to the balance and part of which is charged a market rate. With each montly payment you make on the card, the balance subject to zero interest is reduced by the full amount of your payment until exhausted. Thus, the only way to really play this zero interest promotional game is not to use the card after the promotional period expires to extend the zero interest benefit as long as possible.

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