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Credit Card Applications » Credit Card Questions » Other Questions » I wanted to know if the 4.99% APR FOR LIFE is true because when I looked further into the details...

I wanted to know if the 4.99% APR FOR LIFE is true because when I looked further into the details...

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Date:
January 19, 2007, 4:57 am
I wanted to know if the 4.99% APR FOR LIFE is true because when I looked further into the details it says the 4.99% APR is only for 15 months. Please provide more detail. thanks
Answer:
Probably you want to know the terms and conditions of such credit card as the Blue from American Express. Yes, the APR is 4.99% for balance transfers. This is a fixed APR for the life of the balance. however, there is another APR, in this case, the APR for purchases. You can enjoy a 0% APR on purchases for up to 15 months and after that it may be modified.
It was sensible of you to see the terms and conditions as too often people looking for credit cards fail to do that. Be aware that the low APR is supplemented with no annual fee. Apply online using the secure credit card application!
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