Sentences with phrase «interest during the intro period»
This basically means that you don't have to pay ANY interest during the intro period.
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It's smart to limit purchases on the card to what you can pay in full during the intro APR period, before interest charges hit.
A 0 % intro APR means that you can carry a balance on your credit card without being charged interest on that balance during the intro period.
However, if you choose to carry a balance, you'll only pay interest on the new balance and not the balance you held during the intro period.
This card comes with a 15 month 0 % intro APR period — this means you pay no interest on your balance during that time.
In that case you can use credit cards with no intro APR (intro period can last up to 15 months) and pay off your balance in full during the intro period with no interest added.
During the intro period pay down as much principal as possible and repeat the process (within reason) before the regular interest rate kicks in.
Instead of using a regular credit card and paying for those items along with interest, an introductory 0 % interest credit card can help you stretch out your payments over time, without paying extra for your purchases during the intro period.
It's smart to limit purchases on the card to what you can pay in full during the intro APR period, before interest charges hit.
However, if you choose to carry a balance, you'll only pay interest on the new balance and not the balance you held during the intro period.
The good news, however, is that any purchase you make during the intro APR period is good for the reduced interest rate, even the excluded items mentioned above.
It's smart to limit purchases on the card to what you can pay in full during the intro APR period, before interest charges hit.
«Look for the longest introductory period, the lowest interest rate during that time, and a very close to average interest rate when the intro period ends,» Sherry says, adding that customers should see if they can get a balance transfer fee waiver, too.
What you might miss in the fine print is that after the period is over, any outstanding balances need to be repaid at the regular interest rate even if they were charged to the card during the intro offer.