low apr credit card usage

shadowdogg

Hi,

This is not for me but my girlfriend who is currently trying to get the best deal for her car insurance, which I notice on MSE, it does mention about the 0% cards.

I was initially looking at lloyds because of their 5.7% APR but noticed this 0% introduction period.

I am a bit confused as I don't know this type of credit.

So my questions which hopefully can be answered, are:
* Does this mean it can be used to pay for a service say car insurance and then you just need to pay off at least the minimum each month and pay off the debt before the 0% period ends?
(Link i was looking at: http://www.moneysavingexpert.com/credit-cards/best-0-credit-cards)
* Is this seperate from those cards who have a low transfer rate for existing debt?
* Is there any large benefit over these 0% cards over a flat sum of 5.7% APR (which i think lloyds bank does).
* Does it matter if on these 0% cards, say on month 1 it is used for £900 and then on month 2 it is £3000. If this doesn't go beyond the credit limit, is it just about ensuring it is paid for before the 0% ends, rather than what is continousally added to it?

Many thanks for your help,

James.

YorkshireBoy

Yes, yes, yes, and yes.

Dobbibill

All answered above by YorkshireBoy.

Just make sure the minimum payment is made on time otherwise you risk any promotional rate being withdrawn. This is why you will see many of us advising a direct debit is set up.