0% intro APR credit cards offer interest-free balance options for savvy users

A 0% introductory APR credit card allows users to carry a balance without interest for a limited time, typically nine to 21 months. This can lead to significant savings compared to the average credit card interest rate of over 20%. Users can benefit from these cards by making new purchases or transferring existing balances. However, it is crucial to pay off the balance before the promotional period ends to avoid high interest rates. While 0% APR offers can be advantageous, they may come with fees for late payments and balance transfers. Users should carefully read the terms and conditions to understand all potential costs and requirements.