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Introductory Terms

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0% APR will cost you if you miss a payment or fail to pay off the balance before the introductory period is up.

Think About It

Transfer your balance to a super-duper low savings card with 0$ APR for 6 months! How can you loose? These bold text big offers are meant to lure new customers but they are simply marketing to attract the uneducated. Much can go wrong you need to be aware of.

All the details matter in your account agreement matter, not just the bold print. You need to be aware of all the terms. With introductory offers, just one late payment can make a low APR disappear. You should be very careful with introductory offers such as low APR, 0% APR and free balance transfers.

Remember to Ask Yourself

  • How long does the introductory rate last?
  • What is the card's annual percentage rate after that teaser rate expires?
  • Does the teaser rate apply to transferred balances or new purchases or both?
  • Does that card have an annual fee?
  • What about late fees and over-the-limit fees?

< Fees