Best Ways To Use A 0% APR Credit Card

In this article, we are going to let you know about the best ways to use a 0% APR credit card. Let’s get started.

Consider Paying Down Your Credit Card Balances Which Have High-Interest Rates

This happens to be one of the most basic and practical uses of a 0% APR balance transfer offer. You can easily pay down your high-interest credit card balances very quickly. If you are someone who has happened to rack up quite a large credit card balance, then it is very possible that it is carrying a high-interest rate of either 8%, 14%, or 17%.

Therefore, if you transfer this balance to a new card which facilitates a 0% rate, then it will really help you extensively to start paying down that particular debt. Also, always make sure that you cut up or freeze all your expenses until all your debt is paid off.

Consider Paying Down Other Loans as Well

There’s plenty of people who have used the 0% APR balance transfer offer to their advantage by paying off other significantly larger loans such as college education loans, lines of credit for home equity, as well as car loans. This being said, doing this can seem to be a little bit tricky. This is mainly because the loan that you are aiming to pay off will need to be transferred to another 0% APR credit card offer after the previous introductory period ends.

If you do not do this, then you might end up facing an enormously high APR at the end of the introductory period of the previous card. Always keep this in mind. Therefore, the best possible time for you to use a 0% balance transfer for this purpose is when you are very close to paying off a particular debt.

That way, you will be aware of the fact that you can completely erase the entire balance while the introductory period lasts.

Use It for Arbitrage

This one is a very creative way of utilizing a 0% APR credit card. The way it works is when a particular person happens to access a large amount of cash via a 0% APR balance transfer then deposits that money in an interest-bearing account after which he or she repays the entire balance before the introductory period is over.

This way he or she can then end up easily pocketing the profit. However, in the past couple of years, because of higher balance transfer fees and very low savings account interest rates, this particular trick of balance transfer arbitrage has become more or less enviable. Therefore, in order to profit, you need to be able to find a savings account that offers a higher interest rate than the credit card balance interest rate.

This brings us to the end of our discussion on the best possible ways to use a 0% APR Credit Card. Now, you can let us know some of your ways in doing the same.


  1. That’s alot this made my day… I didn’t know such ways to use my Apr card…. . This info is really usefull .

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