What does Chase Slate mean by 0% APR? This question is about the Chase Slate®

What does Chase Slate mean by 0% APR?

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This question is about the Chase Slate®

WalletHub, Financial Company

@WalletHub • 01/21/17 This answer was first published on 01/21/17. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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When a credit card offers a 0% APR, it means you will not be charged interest on purchases and/or balance transfers for a certain period of time, provided that you make on-time minimum monthly payments in the meantime. With a general-purpose 0% credit card (i.e. a Visa, MasterCard, American Express or Discover card), any balance remaining at the end of the 0% introductory period will be subject to the card’s regular APR. Store-affiliated credit cards usually work a bit differently, though. If you don’t repay your full balance within a store card’s 0% intro term (or you miss a minimum payment along the way), interest will retroactively apply to your entire original purchase amount. You can compare the good kind of 0% APR credit cards here: https://wallethub.com/credit-cards/0-apr/ .

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