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Written by Hockey, July 26th, 2008
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Credit Card Facts
In this case, a 0 APR building business credit card means that the bank won’t charge you interest or administrative fees for the advertised period of time. Sounds great, doesn’t it? This offer means that regardless of how much you use your 0 APR business line of credit card, you will not have to pay any related fees.
So, where is the catch? It’s quite simple. The bank wants to maintain a long term relationship with you. They can survive for one year without charging you their fees and rates, but after that period of time you will start paying them. It is a marketing tool for increasing their client base and both the consumers and the banks can benefit from it.
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