APR means you won't pay interest for a limited time. Here's how it works for credit cards, with examples on balance transfers and new purchases.

What does 0% APR mean? A 0% APR is a common promotional strategy for credit card issuers. It typically involves a limited time of no interest on transfers or new credit card purchases.

APR (annual percentage rate) is the yearly cost of borrowing money. If you borrow $1,000 for a year at a 20% APR, the total to pay back would be $1,200.