Is it possible to request a 0% APR on an existing credit card?

Whereas opening a 0% APR bank card is a simple method to accessing 0% introductory annual proportion charge (APR) presents on purchases or stability transfers, it’s not the one means. Relying on the scenario, you possibly can entry a 0% intro APR provide on a card you have already got.

Sure, it’s attainable. Nonetheless, the most typical strategy to get a 0% APR provide is to get accredited for a brand new card with a proposal.

Nonetheless, some bank card issuers provide 0% intro APR to present cardholders. Relying in your scenario, this might be extra favorable than opening a brand new bank card. You’re by no means assured to be accredited for a brand new bank card, and opening a brand new account may negatively impression your credit score rating.

There are sometimes two methods to obtain a 0% APR provide on an present bank card.

You’ll be able to obtain a 0% APR provide from sure bank card issuers by being a accountable cardholder. You would possibly see a proposal whenever you log in to your on-line account, or your bank card firm may ship you a proposal in your electronic mail.

Right here’s an instance of an electronic mail provide I just lately acquired:

For those who aren’t seeing any presents in your account or inbox, take into account calling your bank card firm or chatting with a customer support consultant to ask about presents. Typically, it doesn’t damage to ask when you’re eligible for any presents.

For those who aren’t eligible for a 0% APR provide, ask if there’s something you are able to do to develop into eligible. Bank card firms don’t promote develop into eligible for these presents, however a pleasant customer support consultant would possibly be capable of level you in the appropriate path.

• Use your card responsibly: Lenders usually wish to see their cardmembers actively utilizing bank cards and paying them off earlier than providing particular promotions, akin to a 0% APR provide.

• Enhance your credit score rating: Many 0% APR bank cards and stability switch bank cards require or glorious credit score rating for approval. A superb FICO rating is no less than 670, so aiming for that or greater is an inexpensive objective.

• Preserve your account open: In our expertise, we didn’t begin receiving low-interest presents on present accounts till we had been cardmembers for some time. In some instances, it took years of accountable card use.

• Activate notifications: You sometimes should choose in to obtain notifications about particular presents out of your bank card firm. Test the notification settings in your account to see if the relevant choice is obtainable and turned on.

• Test your account: After we log in to numerous bank card accounts, we regularly obtain pop-up notifications about particular presents. For those who don’t typically test your accounts, take into account making it a part of your routine. Word that pop-up notifications are just one strategy to see a proposal in your account; you may also be capable of browse out there presents in a selected part of your dashboard.

For those who aren’t eligible for a 0% APR provide on an present bank card, take into account these glorious bank card presents with 0% intro APR durations.

Learn our full Capital One VentureOne Rewards evaluation

Learn our full Chase Freedom Limitless evaluation

Learn our full Amex Blue Money On a regular basis evaluation

Learn our full Amex Blue Money Most well-liked evaluation

Sure, 0% APR bank cards exist. These playing cards provide 0% introductory APR on purchases or stability transfers to new cardholders for a restricted promotional interval, typically between 12 to 18 months.

A 0% APR bank card supplies a 0% introductory APR provide on purchases or stability transfers. Cardholders can keep away from curiosity prices on purchases or stability transfers in the course of the introductory interval, sometimes between 12 to 18 months. This might be helpful for cases the place you simply made a big buy or wish to pay down high-interest debt from one other card.

A stability switch bank card is a sort of 0% APR card that doesn’t cost curiosity on stability transfers for a sure period of time. You sometimes nonetheless should pay a stability switch payment of three% to five% of the quantity being transferred. Steadiness switch presents might be helpful for paying down bank card debt whereas avoiding excessive rates of interest.

You’ll be able to request a 0% APR provide on an present card by contacting your bank card issuer. Not all card issuers present these presents to present cardholders, and your eligibility can range relying in your card utilization and account standing. Nonetheless, it doesn’t damage to ask.

Sure, all Uncover bank cards enable eligible cardholders to make stability transfers. Many Uncover playing cards, together with the Uncover it® Money Again and Uncover it® Miles card, provide 0% introductory APR presents on stability transfers for a sure time period.

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