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Interest Free
Interest free refers to a period of time when no interest is charged on a loan. Interest free periods offer several advantages to customers. For example, you could transfer a balance that you owe on a credit card that you are paying interest on to one that offers an interest free period, thus gaining more time without fees in which to pay off your debt. But be sure to find out when the interest free period ends, and what the APR will be; credit cards offering interest free periods often come with high APRs that kick in after the interest free period ends.
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