| Pay Down Debt with 0apr Credit Cards There is a multitude of 0apr credit card options available to the consumer today. It would pay, maybe handsomely, to weigh all your options as to the kind of credit card you select. Because you can use a credit card to pay off debt, with a 0apr credit card you will be able to save money. The concept of using a credit card to rid yourself of debt is unusual to most people. Why? Because we usually use a credit card to increase our debt load. How is this possible? With 0APR credit cards, you can transfer balances to these handy pieces of plastic all the while saving money in interest payments you were previously paying. Now you can apply the money you are saving to pay down the debt. If you pay off the balance within an introductory period for the credit card, you can avoid paying interest. Many major credit card companies offer 0apr credit cards along with their normal selection of credit cards for every type of consumer. With them you can save, depending on your transferred balance, hundreds to thousands, of dollars on interest. Get smart and save money now by using a 0apr credit card today. Sometimes the terms of credit cards are confusing. Many people have heard the term APR but they really don’t know what it means. APR is the annual percentage rate charged for interest on unpaid balances on a credit card. When credit card companies advertise 0% APR, they will allow you to carry a balance on your card and not pay interest on it usually for a fixed period of time such as in an introductory offer. These offers can range in a timeframe for six months and as long as a year. Some credit cards only offer the 0% interest rate for new purchases and a one time balance transfer. Typically, you can’t continue to transfer balances from other cards more than one time during the introductory time period. When you transfer the balance, you shift the amount that you owe on a card with a high interest rate to the 0% APR credit card. Again depending on the amount transferred, you will find the savings you’ll receive from a 0% APR credit card will amount to a tidy sum. If the 0% introductory period is one year, you won’t pay interest for twelve payments periods and that is a lot of money saved that can be applied to your current amount owed.
| 
