Every credit card has some sort of APR on it at some time, though it may not always be there when you open the account with the credit card company. APR, is the annual percentage rate that you will be charged based on the amount you spend with the card. The APR is what most people should look at when considering a credit card, as depending on that rate it either makes or breaks you in the long run.

Will it always stay at 0%?

The answer to this is probably no, the great deal of 0% APR on any credit card is rare, and very unlikely to stay that way. Sometimes in order to lure people in a credit company will offer a 0% APR for the introductory period, which may vary depending on the offer. Once the trial period is up, then the real APR kicks in and you are charged beginning after the last month of the introductory period.

Well if it doesn’t stay at 0% will it ever go back to it?

Once you have gone through your introductory phase and are now a full blown credit card holder, and your APR has changed, you will never see that blessed 0% again. However the APR that you have will not be guaranteed either. Credit card companies can change the APR anytime that they wish to, based on your payments, and your credit history. Beware of the changes, credit card companies are suppose to forewarn you when they are going to be changing your APR anyways.

So should I take advantage of the 0% APR while I can?

If you find a credit card that has 0% APR, or even more than one keep them in mind while looking. The next thing you need to pay close attention to is the APR that it will change to after the 0% goes bye-bye. Do not choose your credit card based solely on the APR though, there other things to consider, like the rewards and additional fees that may be charged. APR does play a vital role in paying your bill though, for those of you who’s budget is tight, make sure to get a credit card with very low APR.