For most credit card users, the annual percentage rates or (APR) is a fairly large source of confusion and chaos. If you don’t have a credit card, have recently applied for one, are planning on applying for one, or were recently approved for one, then you should read this article very carefully.

So, what is APR? Your APR is your annual percentage rate. Your annual percentage rate is the combination of low interest rates and finance charges on your credit card. With that being said, I will go ahead and answer another question: is there really such a thing as a zero percentage rate and what does it mean?

Say you currently own a credit card and you have used up most of your credit so far. With a zero percent APR introduction rate, you can transfer your balance without being hit with additional interest. What makes this great is if you are planning on purchasing something and paying for the entire purchase before your introduction period is over, having a zero percent annual interest rate credit card would be the absolute best option for you. The key word here however is introduction. This indicates that this is something like an introductory offer and the zero percent annual interest rate will not last forever.

What about low interest annual percentage rate credit cards? If you are a person in search of a credit card with charges over a long period of time, then it is best if you go with a low interest annual percentage rate credit card, instead of one with a zero percent annual percentage rate because the interest rate will eventually go back to normal and cost you more in the end. Is a low interest annual percentage rate credit card or a zero annual percentage rate credit card better? This decision ultimately relies on your personal financial status and would require some research to find an absolute answer.

The very first question to the credit card company should be about the length of the introduction period. If you are interested in the zero annual percentage rate then it would be best to find out how long it will last. This introduction period usually last anywhere from three to fifteen months but some credit card companies allow an even smaller amount of time and this would leave the credit card holder at a disadvantage. Then again, some credit card companies offer even more time, but this happens on very rare occasion. Another question to ask if going the zero percent annual percentage rate route would be what the rate will be at the end of the introductory period. If your rate is higher than that of other credit cards and you are not planning on maximizing the use of your zero percent annual rate, then it is best for you to just stick to a credit card with low rates right at the start. This will save you a lot of trouble later.