Getting a zero APR credit card is possible when banks and credit card companies offer such deals. When they do offer it, it is a great opportunity to avail of a credit card that will not garner interest for a limited time. However, after the limited time is up, then the regular APR applications.
The annual percentage rate is basically the interest that a company will charge you for borrowing money from them whenever you use your card. Unfortunately, this is the same amount that is charged monthly to what you owe and which accumulates in your billing. This is the amount that usually gets people into trouble and eventually leads them to a large debt that they can no longer pay.
This is why zero APR cards are typically tied to a program with the credit or bank card company, that will help the card users consolidate their credit card debts and make a balance transfer to another bank or company.
This balance is then made into an account which has a zero APR stipulation and which will allow the user to pay off their debts and eliminate them within the time that the zero APR applications. For those in debt and who can no longer handle the different interest charges, this is a great opportunity to rid of debt by consolidating it and getting a zero interest rate. By getting a card with zero APR, you are offered a second lease on life to clean your financial slate and start afresh.