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Comparing 0 APR Credit Cards
With all the introductory 0 APR credit cards popping up all over the internet in emails, on websites as advertisements and even in the regular mail through flyers, it is very hard to decide which credit card company is really offering the better deal in the long run. The introductory offers all look great but what happens after they expire? Do not take the introductory offer for 0 APR credit cards at face value. Above all, do a bit of research before you make your decision.
There are so many different 0 APR credit cards being offered that you can become overwhelmed. Today, you can find several companies offering 0 APR credit cards and other incentives to get you to apply for their credit cards.
The four most popular offers today include:
Citi® Platinum Select® Card You must have excellent credit or you will not be approved for this 0 APR credit card. The card offers 0% APR on balance transfers and purchases for your first 12 months. There is no annual fee, you can manage your account online, and there is zero liability on unauthorized purchases.
Chase Platinum Credit Card – With the Chase Platinum credit card you can be approved for their 0 APR credit cards but you must have at least good credit. You’ll get 0% interest on all purchases and balance transfers for up to 12 months. However in some cases 3 months is all you get for 0% on balance transfers (your credit history comes into play). Regardless, you won’t have to pay an annual fee and you can also access your account online. Whether you qualify for 3 months or 12 months of 0% interest, you will be paying a competitively low APR after the introductory special.
Discover® Platinum Card With this 0 APR credit card you will receive the 0% introductory special for 12 months on purchases and balance transfers, with no annual fee and 5% cashback on purchases made at certain stores such as bookstores, gasoline stations, and restaurants. You’ll also get 1% cashback on all other purchases and the cash rewards will never expire as long as you are a cardholder, and in some cases, you can even double your cashback bonuses. Keep in mind, that you will need to have excellent credit to qualify for this offer.
Blue from American Express is one of American Express’ 0 APR credit cards that will give you 0% for up to 15 months, no annual fee, a credit card reward program as well as online account access. Once again, you must have excellent credit to be approved.
This is the information that you will first see when you visit the websites for these card offers while you are searching for the best deal on 0 APR credit cards, however, you should never apply with this information only. Be sure to learn if any of the points or cashback options have expiration dates, and above all, always be sure to thoroughly investigate the card offer’s terms and conditions before applying.
The Lowdown on the Toys R Us Credit Card
Designed for users equipped with a good credit rating, the Toys R Us Visa Platinum Card offers cardholders great rebates. With a 4% rebate for Toys R Us and Babies “R” Us store purchases plus no annual fee, this card is ideal for parents intending to enjoy great savings, while still getting that toy which their children have been asking for.
Purchases made with the Toys R Us Visa Platinum Card at www.toysrus.com, www.babiesrus.com or anywhere Visa credit cards are accepted receive a 1% rebate for each transaction. When the rebate values reach $10, the cardholder will then be sent certificates that can be used to redeem for products at Toys “R” Us® and Babies “R” Us stores, as well as through their websites. The certificates will expire after one year but the amount of rebates that can be earned is limitless.
Now we get to the dirt. For a Platinum card, the Toys R Us Credit Card doesnt provide any exclusive perks on top of the usual benefits which are also by other cards. The APR is also relatively higher for less qualifying applicants, with the 0% APR intro period dependent on your credit history. The real stinker is the way finance charges are determined, which is the “Two Cycles Average Daily Balance” method which results in higher interest payable than the usual Average Daily Balance configuration.
Nevertheless, this should not be a hindrance to you if you have good payment habits, a great credit score and continue to be financially responsible. With this, the interest tabulation will have minimal effects on your costs of using the Toys R Us Credit Card. Otherwise, it may be better for you to get alternate cards which utilize a better way of tabulating interests.
Overall, the Toys R Us Credit Card would be suitable for you if you plan to make a lot of purchases at Toys “R” Us® and Babies “R” Us® stores in addition to taking advantage of that 4% rebate. Otherwise there may be better Platinum Cards out there for you.