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Introductory 0% rate

Cards & borrowing
A temporary 0% interest rate offered on purchases or balance transfers.

Overview

The 0% period lasts for a fixed time, then standard rates apply.

Missing payments can end the offer early.

Why it matters

  • It can reduce borrowing costs in the short term.
  • It requires careful planning to repay before the offer ends.
  • It can make debt management easier if used well.

FAQs

Does 0% mean no fees?

Not always. Balance transfers often have fees.

What happens after the 0% period?

The standard interest rate applies to remaining balances.

Related terms

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