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0% APR for Life?A common strategy by many savvy consumers in past years has been to take advantage of 0% APR offers found with many balance transfer credit cards and then continually roll their credit card balances over from one card to the next to avoid paying interest. In the past some credit cards even allowed these rollovers without any type of fee!

Many credit card companies have since curtailed this practice to some degree by implementing balance transfer fees that range anywhere from 3% to 5% of the total balance transferred but we decided to see if it really is possible in this day and age of the supposedly smarter and wiser credit card company to still get zero percent APR for life.

Check out The 0% APR Experiment to find out!

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2 Responses to “Is it Possible to Get 0% APR for Life?”

  1. Mysti says:

    Isn’t this assuming that you get approved for all of this? What if you want to transfer 10k, but you get offered a limit of 5k? Wouldn’t opening and closing all of these cards wreck your credit?

    Granted who cares about your score if you don’t need it….but if you wreck your score opening and closing, who is to say the next card won’t decline your application because of your game?

    I would love to win at this game (not paying interest)….but it seems a Utopia.

    • Joel says:

      Taking it to the extreme like this is a little overkill because you are right that opening a closing a bunch of credit card accounts can have a negative effect on your credit score. However, you wouldn’t have to close every account and applying for a new credit card only slightly lowers your credit score and just for the short term (it rebounds quickly) – after all, this guy had 1,497 credit cards haha

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