0 Interest Credit Card With a 0 APR Credit Card
Sunday, February 10th, 2008
0 Interest Credit Card is a great solution to many of our economic and financial problems. Think for a moment, what happens when you can make purchases with a 0 APR credit card? You are apt to make more purchases and the merchants still will make a profit on the merchandise they sell. The owner of the credit cards, usually banks, have been bailed out from the government and until the economy makes a full turnaround, why not let consumers bring themselves out of the recession? This is not rocket science, the economy is in need of something a bit out of the norm to turn it around to a long term positive position.
With 0 interest credit card and a 0 APR credit card, you can open up the business world to a feeding frenzy that is desperately needed and this can be done in a matter of days if the big banks would look beyond their greedy and sticky fingers. Let’s face it, greed is the absolute downfall we consumers were subjected to, and it will be left up to the consumers to get us out.
Mobile Merchant Account, Mastercard Merchant Accounts, E commerce Merchant Accounts and Visa Merchant Accounts are all primed to be raising interest rates instead of offering 0 interest deals, so did they learn anything from the greed factor that lead us down the tubes? I know that if we as consumers refuse to accept higher interest rate credit cards and insist they make us offers of 0 APR credit card deals, we can all recover and get back to a profitable life style.
The balance of older existing accounts that have endured the recession, can still provide a steady and profitable income base for the banks and credit card lenders, while this idea of 0 interest can be allowed to play out. Otherwise, we will more than likely, see a whiplash effect, where as consumers will see interest rates go higher then fall back with casualties again.
Our financial economy is all about the constant exchange of goods and services at acceptable levels of interest rates among consumers and merchants. When the interest rates and APR become unbalanced there has to be a time for a correction in the market. What better way to do this without serious losses to all business aspects when you offer 0 interest and 0 APR deals?
Even if you offer short-term 0 interest credit card deals, you stimulate consumers to accept these 0 APR terms and business moves forward. Banks have already seen what the creation of debit cards has done to increase consumer purchases and using this plastic carries no interest rate, granted it is not a credit card, but the mindset of using plastic that doesn’t have an add on fee is really the next step in helping consumers to use their credit in the same manner. With 0 interest offers, you could jump start an otherwise very slow recovery period.
By: Jimmy Wilson
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As a reader of this article, you can do your part in seeing this to fruition by making conversations about the idea of 0 interest credit card with 0 APR interest when visiting you banks and other merchant owner locations. People tend to repeat ideas that make since. Who knows, the big boys may actually learn, a thing or two from us low lifers, they constantly tread on.