 TITLE: Should I Get a 0% APR Card or Personal Loan? CONTENT: How Does a 0% Intro APR Card Work?\n----------------------------------\nA credit card is a line of revolving credit, which works differently from an installment loan. While a personal loan is for a set amount and repaid over a predetermined time period, a credit card lets you borrow and pay interest only on what you use, and you can reborrow money from your credit line as you repay it. This lets you use it over and over again, which could be handy if you anticipate having recurring expenses.\nA 0% intro APR credit card can be a good way to avoid interest charges. No credit card has zero interest forever, but many offer a long introductory period during which the card's balance won't accrue interest charges. When you're shopping for a new credit card, keep in mind there are two types of 0% APR intro offers you'll see, with many cards offering both:\n*   **0% intro APR on purchases:** You can use a 0% intro APR period on purchases to buy things that you may need a little time to pay off. After the defined term—usually anywhere from 12 to 18 months—the card's standard APR kicks in and you'll begin owing interest on your existing balance and on any future purchases.\n*   **0% intro APR on balance transfers:** When a credit card has 0% intro APR on balance transfers, you can transfer high interest credit card debt to the card and chip away at it without accruing further interest during the no-interest period. This may help you get out of debt faster thanks to savings on interest charges—just make sure you can pay off the debt before the card's regular APR kicks in.\nBut keep in mind, whether you've transferred a balance or used a 0% intro APR card to make an emergency purchase, you are still required to make at least your monthly minimum payment. Beyond that, it's up to you how much you want to repay each month. While this offers more flexibility in your budget, be mindful that paying minimums only can trap you in debt. END