Research a few credit cards that provide 0% introductory APR and some that carry deferred interest.

by | Apr 28, 2022 | Mathematics

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Large purchases can be difficult on a limited budget for many families. Often families turn to credit cards and personal loans to finance their debt.
Credit cards are known to carry quite large APR’s 18.99%-26.99%, while personal loans can be a little more generous at 4.99%-15.99%, depending on your credit score. However, some credit cards carry useful benefits such as 0% introductory APR or deferred interest for store-specific credit cards (examples: Best-Buy, Home-Depot, etc).
Research a few credit cards that provide 0% introductory APR and some that carry deferred interest.
Why might carrying a large balance on a credit card be a bad idea? How much do you think you could save with a 0% APR card When might you want to use a deferred interest card instead? What are some of the drawbacks of a deferred interest credit card?

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