In this article you will learn everything you want to know about 0% APR intro rate credit cards. You may also discover more than you bargained about 0% APR intro rate credit cards – in a good way, of course. Ready for Lesson Number One about 0% APR intro rate credit cards? Well, here goes.
It’s True – Yes, 0% APR intro rate credit cards do exist and if we have our way about it, you’ll be one of the lucky people to qualify for a 0% APR intro rate credit cards.
The Application Process – Applying for any credit card, whether it’s for 0% APR intro rate credit cards or for credit cards offering reward points is always a tad difficult so don’t expect overnight success, especially since you’re angling for 0% APR intro rates.
The application process for a 0% APR intro rate credit card starts with submitting the necessary documents – this is SOP for all credit card applications – that would substantiate your contact details and give them an overview about your present financial status. Upon submission of the usual documents, depending on your income level and credit reputation, you may be contacted by the credit company and asked to submit additional documents.
The Qualifications for 0% APR intro rate credit cards – Basically, if you want to have 0% APR intro rate, you must have a squeaky clean credit reputation. That means having a reputation of paying debts promptly, not owing too much from the bank, not having high balances on your other credit cards, not having too much mortgages under your name and not having so many people requiring a credit check on you.
If you’re not sure whether you qualify for a 0% APR intro rate credit card, simply approach the nearest credit bureau and request for a copy of your credit report. The details in your credit report can easily tell you if you’ve a good shot of owning a 0% APR intro rate credit card or not. People with FICO scores equal to 650 or more are more or less guaranteed of having their application approved.