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Quick APR question
Monker1980
Posts: 6 Forumite
in Credit cards
Hi,
I've had a good look around the site and on the forums but can't find an answer to my question. I'd be grateful if someone could help with this quickie.
I've just received a new IF card which was taken out primarily for the low life of balance transfer rate. It has a high standard APR so I don't intend to spend on it. However, it does have a 0% interest introductory offer for the first 8 months (or maybe 6 - can't remember).
My question is, if I spend on this card now will I start paying the standard APR on these purchases after the 8 months are up or will I enjoy 0% for the life of the purchase balance?
Thanks in advance,
James
I've had a good look around the site and on the forums but can't find an answer to my question. I'd be grateful if someone could help with this quickie.
I've just received a new IF card which was taken out primarily for the low life of balance transfer rate. It has a high standard APR so I don't intend to spend on it. However, it does have a 0% interest introductory offer for the first 8 months (or maybe 6 - can't remember).
My question is, if I spend on this card now will I start paying the standard APR on these purchases after the 8 months are up or will I enjoy 0% for the life of the purchase balance?
Thanks in advance,
James
0
Comments
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after the intro period it will go up to whatever the APR is at that time.0
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..and they will pay off the lowest rate first
So you may get stuck with purchases at 16% being paid last
0
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