Balance Transfer Offers Credit Card

Balance transfer offers credit card is a frequent search done by thousands of people. Here are some explanations you might find interesting: There are a lot of credit card offers one sees on a daily basis whether it's on television, internet, in a magazine or your daily mail. These ads typically mention APR several times in several forms ie: Introductory APR, Standard APR, Cash Advance APR, Balance Transfer APR and Default APR. The difference between these APRs can be confusing at first but they are fairly simple to understand.

Introductory APR is what is referred to as the initial interest rate you receive for purchases on the credit card when you first get it. This Introductory APR is usually really low (around 0%) and lasts between 6 and 12 months.

Standard APR is the interest rate that the credit card goes up to - after the Introductory APR period is over.

Cash Advance APR is the interest rate you receive for any cash advances.

Balance Transfer Offers Credit Card
Balance Transfer APR is the interest rate you are charged for any credit card balances you decide to transfer over to your new credit card. Note that; if you have a high interest rate credit card and the new credit card company offers the Introductory APR for balance transfers, it is best to transfer your balance to the new credit card if you can pay the balance off within the Introductory APR period.

Default APR is the interest rate your card is charged if you are late on payments or if you go over your credit limit.