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after which the APR shoots up to your normal APR (typically anywhere conversion rate good 10% to 20%) There are two catches here though. Credit card companies have a policy of applying your payments to the balance with lowest APR. Confused? Let's take up a scenario. Let's say you already have a balance of $350 on your card and your purchase APR conversion rate good 15%. Now, you make a balance transfer of $2,000 on your card for 0% APR. Now the monthly payments that you make, they will apply completely towards those $2,000 that you transferred. The balance of $350 from the purchase stays on conversion rate good interest on that at the rate of 15% APR. This also suggests that you should not use the same card to make any purchases after you make a balance transfer using that card. The reason is the same as explained above. Any monthly payments that you make is going towards your balance transfer letting the purchase balance to accrue interest at a higher APR, conversion rate good you

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