When you apply for a credit card, all the different type of interest rates mentioned on the application form probably confuses you.
The most common interest rate is the APR, which credit card companies like to quote as the interest rate for using their card. This is known as the Annual Percentage Rate, which is calculated [...]

Many credit card providers are currently offering their own 0 annual rate credit card as a marketing strategy to increase their client base. It works too! Their intention is, of course, to entice people to transfer their credit card balances to them by offering them a zero or low rate credit card.
After a specified period [...]