Credit cards are one of the most useful tools in today’s world.
With a credit card, you can purchase anything you want without actually carrying any money at all.
A credit card works like a loan. Once you purchased an item using your credit card, you will automatically agree to pay the loan once the billing statement arrives.
However, aside from the fact that credit cards can offer you a lot of advantages, you should be aware that credit cards also have some disadvantages.
People who own credit cards tend to uncontrollably purchase items they don’t really need.
Besides, with a credit card, you can really purchase a lot of things without having any money at all.
With this feature, people tend to purchase items more than they can afford.
With this kind of spending, many people get into credit card debt that will seem very hard to pay off.
Every month that you don’t pay the bill on time, you will see that the interest rate will rise and you will eventually end up paying more for the interest rate rather than the debt.
One way to pay off your credit card debt is through 0% APR credit cards.
This kind of credit card started out as a marketing gimmick in the US.
But today, it is now considered as part of the credit card industry. 0% APR credit card plays a very important role to help people get out of debt or at least reduce it.
First of all, you need to know what a 0% APR credit card is. APR is short for Annual Percentage Rate. APR is a reflection of the cost of credit.
Therefore, a low or 0% APR is better than standard APR that you will usually see in credit cards today.