Bad Credit Credit Cards 0 APR – Capital One Credit Card Offers Today
Posted on | January 26, 2010 | No Comments
If you are looking for a bad credit credit card with 0% APR then you could find great difficulty finding this line of credit. At the present time there are many offers when it comes to bad credit credit cards but finding a 0% APR is usually not an option. Capital One has done a great job of marketing their credit card division and continues to offer many opportunities to get a new card and they could have some offers that attract you.
If you have a very bad credit score, with a score under 650, you’re going to find it very difficult to get a low interest rate on your credit card. Even though Capital One may be advertising low interest rates it does not mean that every borrower will get this luxury. If you have a low credit score you are going to find that your interest rate is very close to 20% or higher.
Over the last several months the credit card industry has greatly changed as credit card companies are drastically increasing interest rates. With the credit CARD act becoming a law at the end of February 2010 many credit card companies are pushing up interest rates before this is signed into legislation. Even some of the better credit borrowers are seeing their interest rate jump.
If you are seeking a bad credit credit card with 0% APR there may be some options for a low introductory rate period. Please understand that this low introductory rate usually only lasts up to six months and you do not want to hold a high balance on the card when this period ends. If you do you’re likely to find that the interest rate is going to cause great difficulty when making your monthly payments. You could end up paying a significant amount of interest if you can only make the minimum payments.
Author: Tiffany Mann
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