Re: 0% APR for 1 year vs 0% no interest

sobeone1 · ‎04-22-2015

Dont laugh at me, but is 0% APR for 1 year and 0% no interest for 1 year the same thing? for Balance transfers.

Attn Mod. I did post this under credit but didnt get any responses, that why I moved it over here.

credit karma has my scores at T.U 637 Equifax 668 but all of my Major cards have my score between 710-730 fico AAoA 7months with 16 inquires T.U & Eq 12 inquires.

Fingerhut $1200 my first credit. Discover it 4.5k, Paypal extras 7.8k, Barclays 2.2k, Walmart 6k, Lowes 25k, Amazon 6.5k Cap1 Q.S 4k, Venture 10k, Voice 10k, Chase freedom 2k Slate 3.5k, 5th 3rd 10k, overstock2.9k, Kingsize 1k. Nasa 20k, NFCU 14k, loc 10k, BBVA 14k, Amex ED 10k, income 76k (I put them in order of receiving them)

Anonymous · ‎04-22-2015

@sobeone1 wrote:
Dont laugh at me, but is 0% APR for 1 year and 0% no interest for 1 year the same thing? for Balance transfers.

Attn Mod. I did post this under credit but didnt get any responses, that why I moved it over here.

Depends. 0% APR would be no interest period (if it states 0% APR for purchases AND balance transfers). Some cards do 0% just for one or the other, but most are for both. Check your terms and conditions and it will tell you what the 0% APR for 1 year covers.

NRB525 · ‎04-22-2015

@sobeone1 wrote:
Dont laugh at me, but is 0% APR for 1 year and 0% no interest for 1 year the same thing? for Balance transfers.

Attn Mod. I did post this under credit but didnt get any responses, that why I moved it over here.

Yes, they are two ways to say the same thing.

APR = Annual Percentage Rate, the interest rate

so No Interest is the same as 0% APR.

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
March 2021 $33k on $312k EQ 796 TU 798 EX 801
May 2021 Paid all Installments and Mortgages, one new Mortgage EQ 761 TY 774 EX 777
April 2022 EQ=811 TU=807 EX=805 - TU VS 3.0 765

JagerBombs89 · ‎04-23-2015

@sobeone1 wrote:
Dont laugh at me, but is 0% APR for 1 year and 0% no interest for 1 year the same thing? for Balance transfers.

Attn Mod. I did post this under credit but didnt get any responses, that why I moved it over here.

Maybe you just didn't listen

Follow my story, road to 800!

From 800 to Foreclosure - Effects of Negatives

takeshi74 · ‎04-23-2015

@sobeone1 wrote:
Attn Mod. I did post this under credit but didnt get any responses, that why I moved it over here.

You didn't move it. You crossposted it only 4 hours later when you should have just waited for responses which the other thread had 2 hours before you created this one. If you need to move a thread then contact a mod as only they can move threads. You need to give any discussion forum site at least a day for responses and even then replies are not guaranteed. If you need more immediate responses then a disussion forum is the wrong tool for the job.

In any case, they're the same but make sure you read and understand the terms. It's not just the interest rate(s) that matter.

Anonymous · ‎04-23-2015

meow

0% APR for 1 year vs 0% no interest

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0% APR for 1 year vs 0% no interest