If you are looking for a new credit card then obviously 0% interest credit cards have great appeal for you. Anything in the 0% interest now attracts the attention of all, for that matter! But what these credit card offers 0% interest go, there are a lot of subtle evasion that credit card companies and card issuers to make sure to take the bait.
So go ahead and admit it. You are hooked. The 0% APR credit card ad you just saw in the brochure that came in the morning newspaper has piqued your interest. But seriously … are these credit cards 0% interest for real?
The truth is they are and are not. There are cards that comply with the promise of a credit card 0% APR, but the truth is that this 0% interest does not last long. It just might be a trick to get initial subscribe to the offer of the card and once you are a cardholder, you have 0% APR for only a limited time (3 months, 6 months, or 12 if you are very lucky months) before starting to charge a higher rate of interest. The credit card game is really very interesting to see, but not if you are the player who suffers. Read on to learn what you can do to make sure you are not suffering.
0% APR credit cards Understanding
Yes, 0% APR credit cards actually have a lot of seduction. But this is what to do when you find a 0% APR card that has gotten your attention. Pay attention to the following:
1) How long the interest free period will last?
2) Can you transfer other balances at the rate of 0%?
3) What is the APR will be after the introductory period ends?
When you have completed the assessment of these factors, you can compare all the options interest credit card available.
The luxuries of owning a 0% APR credit card
0 Interest Credit Cards Truth or Fiction of 300×300 0% Interest Credit Cards Truth or Fiction?
If you have already accumulated a huge debt on their credit cards before, there’s good news for you. 0% APR credit card can benefit consumers with poor credit histories in a big way, if (and that’s a big if) you can get approval from the card itself offers. That said, a 0% APR credit offer allows cardholders to drastically reduce the interest incurred on existing debt while may also help to consolidate other debts outstanding balances high APR card. Normally there is a balance transfer fees associated with this type of consolidation, but if your credit is good enough, you might be able to avoid charges altogether. Read the full story