Resolved Question

When it says 0% purchace on credit card does it mean 0% for the first 9months that you have the card?

or does it mean 0% for ever every time you use the card?

Thank you in advance!

Best Answer - Chosen by Asker

To get the most out of your 0 APR credit card, read the terms and conditions carefully before you sign up. For all balance transfer cards, the 0% introductory rate will expire after a designated period. Make sure you know exactly when that period ends by reading the terms of the balance transfer, so you don't get hit unexpectedly with a high interest rate that will undermine your savings.

Also be sure you are aware of what the transaction fee is for each balance transfer. In some cases there is no fee, and that will be indicated in the card benefits or terms and conditions. Otherwise it is usually capped at $50 - $75 per transfer. Many credit cards consider convenience checks as balance transfers, but the money can go into your checking account instead of paying off another credit card. Again, make sure you are aware of the 0% interest period for the convenience checks and the transfer fee.

A card with a 0% APR gives you the option to make a large planned purchase earlier than you would otherwise be able to. It can also help you save money on interest, if the purchase is something you would usually finance, such as a car. Just be sure you have alternative financing lined up when the promotional rate expires.

If you pay the balance off in full before the introductory rate expires, these cards offer many benefits. Pay careful attention to the terms and conditions of the card, however, so you know exactly when the introductory rate expires and what would put you at risk for triggering higher rates.

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Other Answers (4)

• You should contact the credit card issuer, the terms are disclosed in the information you received, usually in a pamphlet that most people just pitch. It's generally a teaser rate good for whatever specified amount of time on purchases only. If you miss a payment, it will generally void the 0% immediately.
• It is an introductory rate. That means 0% on purchase for a set amount of time (looks like the first 9 months for yours).
  
  They do this so that you use they card and put charges on it without worrying about it. Come the 9 month mark, the interest rate will go to somewhere between 12% and 29% on any balance still on the card. That's when they start making their money off you.
  
  It's not a bad deal if you can keep the balance down.
• the card should have it clearly written how long that 0% rate will last - might only be 90 days and it would be on the monthly balance - expect it to jump up to 20% or more once that 0% rate expires, so do not carry a big balance and be prepared to pay the balance in full once the rate changes or you'll get hammered with interests costs
• You have to read the terms ,,, Could be anything or nothing .. Some it only refers to balance transfers , not new purchases . There will always be a limit on how long or for how much a 0% interest will apply ..Might be 9 months. might be 6 or even 12 ,, But certainly not for ever .. Make sure before you use it