Petroglyph Bank has joined a growing group of credit card companies offering 0 percent interest rates until November of 2021, unless customers switch to a new account.
Founded in 2014, Petroglyph has been quietly growing its business and steadily attracting thousands of customers each month who are attracted by its zero interest offers for debt consumers. Petroglyph offers its zero percent rate to any Mastercard or Visa, while those on Amex are paying an interest rate of 5.49 percent, the company says.
The California-based company employs more than 400 people. CEO and founder Krithika Srinivasan previously worked at accounting company Ernst & Young and has expertise in automating and handling manual processes. “It’s very easy to double your business,” she says. “The only challenge is that it takes a longer time to double your revenue.”
Srinivasan understands her customers’ needs and stresses how she pays attention to detail. “What keeps me excited is that we’re solving problems for people who do want help,” she said. “We’re working on how to get information to those people.”
Srinivasan already offers customers an array of low-cost repayment options, including a 15-day grace period and monthly repayment plans of $24 to $96.
“What keeps me excited is that we’re solving problems for people who do want help.”
The 0 percent APR extension, which can be paid off in three months, is a proactive approach for an industry that Srinivasan said needs to be more proactive. “We’re really trying to present ourselves as a completely proactive company that offers these programs to people and doesn’t wait for people to ask,” she said.
If you’re a customer interested in the 0 percent APR program, Petroglyph advises that you avoid paying interest by making a minimum monthly payment, as certain fees can apply to unpaid balances. Payments on premium cards, such as the Amex, are not eligible for the program.