Financial Magazine » Annual Percentage Rate

0 APR Credit Cards – The 1 Thing Banks Never Wanted You To Know

admin — Fri, 17 Jun 2011 06:54:24 +0000

Credit cards offering a 0% interest rate often lure consumers in with zero interest, instant approval and easy online balance transfers, but beware of the number one factor that will void your 0% easy street annual percentage rate and throw you out into the poor house fast.

Banks and financial institutions know the spending habits of consumers and understand that most people max out their credit cards around the holidays. They wisely take advantage of this fact and start flooding your inbox and snail-mail box with hundreds of 0 APR credit card offers soon after the holiday season ends. Knowing that if you are like 98% of the American public, you’ll jump at the chance to consolidate credit card debt and transfer balances to 0 APR credit cards.

But don’t fill out that online credit card application too fast, there are a couple of money saving details you need to be aware of before you apply and transfer your balances over to 0 APR credit cards.

Credit card companies are banking on the fact that you will never read the fine print at the bottom of the 0 APR credit cards terms of service agreement. There are two very important details down there that need to be brought to your attention before you sign on the dotted line.

Most importantly is the fact that if you make just one payment late your introductory 0% APR is revoked and you’ll automatically be required to pay the full annual percentage rate. Credit card companies are banking of the fact that you never know this fact till its too late, so please read the fine print before accepting any 0% APR balance transfer credit card offers.

The second detail is that could either help you out of credit card debt or sink you even deeper into debt is the fact that the 0% APR is only an introductory offer by the credit card company. It applies for a short, limited time only, then interest rates on your credit card goes up to the usual high rate.

The amount of time the company offers the low 0 APR credit card varies from 6 months to as much as 18 to 24 months in some cases. You need to read your agreement carefully to see what the annual percentage rate will be on your 0 APR credit card after the introductory rate expires before you sign the credit card application.

It is imperative that the 0 APR credit cards regular percentage rate is at least 3 points lower than the annual percentage rate you are currently paying, if its not, you may want to consider consolidating credit card debt by some other method. It simply won’t make sense for you to transfer you balances over to 0 APR credit cards if the interest rate is going to be jacked up higher than the rate you are already paying.

Check out our list of the Top 10 0% APR Credit Cards in America including what the normal apr’s will be after the intro rates expire, and discover how to finally find the Best Credit Card to help you achieve Credit Card Consolidation the smart way at 0BalanceCreditCard.com.

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Online Application | Colorado Rockies® Extra Bases® Credit Card

admin — Mon, 31 Aug 2009 10:10:37 +0000

The Colorado Rockies® team logo can now be featured on the Major League Baseball™ Extra Bases™ Credit Card issued by Bank of America. (www.rockiescreditcard.com). This rewards credit card is scoring big with avid baseball fans and credit card consumers across the country. Like many department stores, colleges and airlines have done for decades, Major League Baseball™ teams are now being displayed on consumer credit cards. These sports oriented rewards credit cards — a great way for fans to express their undying team loyalty – are proving to be a home run in the credit card industry.

Features offered by the Major League Baseball™ Extra Bases™ Credit Card from Bank of America include:

• No annual fee.

• 0% introductory Annual Percentage Rate (APR) on balance transfers and cash advance checks for your first 12 billing cycles.

• Earn 1 point for every net retail dollar spent redeemable for MLB™ autographed memorabilia, once-in-a-lifetime MLB™ experiences, cash rewards and travel with no blackout dates.

• Get an official MLB™ licensed jersey after your first qualifying transaction(s) using your MLB™ Extra Bases™ credit card.

During a period of economic instability, uncertainty in the stock market, illiquidity in the credit markets and the softening real estate market, one thing remains constant – sports fans are crazy about Major League Baseball. Historically, baseball has given the public something to believe in and something to hope for, particularly during difficult economic times. With the MLB™ Extra Bases™ credit card, Rockies fans can be reminded of their favorite team every time they take out their wallets. Real fans carry the card with pride. Visit www.rockiescreditcard.com to complete the credit card application online in a few short minutes.

http://www.articlesbase.com/baseball-articles/colorado-rockies-credit-card-major-league-baseball-extra-bases-mastercard-626518.html

Online Application | Minnesota Twins® Extra Bases® Credit Card

admin — Tue, 18 Aug 2009 15:53:38 +0000

The Minnesota Twins® team logo can now be featured on the Major League Baseball™ Extra Bases™ Credit Card issued by Bank of America. (www.twinscreditcard.com ). This rewards credit card is scoring big with avid baseball fans and credit card consumers across the country. Like many department stores, colleges and airlines have done for decades, Major League Baseball™ teams are now being displayed on consumer credit cards. These sports oriented rewards credit cards — a great way for fans to express their undying team loyalty – are proving to be a home run in the credit card industry.

Features offered by the Major League Baseball™ Extra Bases™ Credit Card from Bank of America include:

• No annual fee.

• 0% introductory Annual Percentage Rate (APR) on balance transfers and cash advance checks for your first 12 billing cycles.

• Earn 1 point for every net retail dollar spent redeemable for MLB™ autographed memorabilia, once-in-a-lifetime MLB™ experiences, cash rewards and travel with no blackout dates.

• Get an official MLB™ licensed jersey after your first qualifying transaction(s) using your MLB™ Extra Bases™ credit card.

During a period of economic instability, uncertainty in the stock market, illiquidity in the credit markets and the softening real estate market, one thing remains constant – sports fans are crazy about Major League Baseball. Historically, baseball has given the public something to believe in and something to hope for, particularly during difficult economic times. With the MLB™ Extra Bases™ credit card, Twins fans can be reminded of their favorite team every time they take out their wallets. Real fans carry the card with pride. Visit www.twinscreditcard.com to complete the credit card application online in a few short minutes.

http://www.articlesbase.com/baseball-articles/minnesota-twins-credit-card-major-league-baseball-extra-bases-mastercard-626539.html

Online Application | Florida Marlins® Extra Bases® Credit Card

admin — Mon, 17 Aug 2009 08:40:56 +0000

The Florida Marlins® team logo can now be featured on the Major League Baseball™ Extra Bases™ Credit Card issued by Bank of America. (www.marlinscreditcard.com). This rewards credit card is scoring big with avid baseball fans and credit card consumers across the country. Like many department stores, colleges and airlines have done for decades, Major League Baseball™ teams are now being displayed on consumer credit cards. These sports oriented rewards credit cards — a great way for fans to express their undying team loyalty – are proving to be a home run in the credit card industry.

Features offered by the Major League Baseball™ Extra Bases™ Credit Card from Bank of America include:

• No annual fee.

• 0% introductory Annual Percentage Rate (APR) on balance transfers and cash advance checks for your first 12 billing cycles.

• Earn 1 point for every net retail dollar spent redeemable for MLB™ autographed memorabilia, once-in-a-lifetime MLB™ experiences, cash rewards and travel with no blackout dates.

• Get an official MLB™ licensed jersey after your first qualifying transaction(s) using your MLB™ Extra Bases™ credit card.

During a period of economic instability, uncertainty in the stock market, illiquidity in the credit markets and the softening real estate market, one thing remains constant – sports fans are crazy about Major League Baseball. Historically, baseball has given the public something to believe in and something to hope for, particularly during difficult economic times. With the MLB™ Extra Bases™ credit card, Marlins fans can be reminded of their favorite team every time they take out their wallets. Real fans carry the card with pride. Visit www.marlinscreditcard.com to complete the credit card application online in a few short minutes.

http://www.articlesbase.com/baseball-articles/florida-marlins-credit-card-major-league-baseball-extra-bases-mastercard-626520.html