Do not sign up for the first offer of 0 interest credit cards that you get in the mail. Check out different offers that other major credit card companies have at the same time and choose one that benefits your current financial situation. These cards are essential tools in consolidating higher interest debt. Make a big purchase have less impact on your pocket-book in the long run when you review your options. Interest free charging is a huge boon at the right time for a consumer or business.
0 credit cards
As always, never use 0 credit cards unless you are 100% sure you will be able to pay the amount that you charge on the card, even if the balance is still on the card after the introductory period has ended. It is not recommended to sign up for0 interest credit cards when you have a limited credit history or are unable to budget your finances, as these 0 credit cards may aid in getting you in over your head in debt.
Research 0 APR Credit Cards
Some credit card companies offer 0 apr credit cards as an introductory offer to new customers. This type of offer is usually for a limited time (i.e., six months) and the customer generally has to pass a quick credit check to be approved. These offers are excellent for consumers or businesses that know they need to take care of incidental expenses that will be paid off in full within the time period that the 0% offer is applied. 0 balance transfer credit cards are also great for those in this position.
It is imperative that you read all the fine print when applying for any credit card that you may be interested in taking advantage of. Some companies have stiff penalties on cancellations or balances carried past the duration of the offer. This may include higher than normal APRs or other fees. If you do not read and completely understand the terms and agreement of 0 interest credit cards before signing up and using them, you will be in a worse situation than if you had gone with a normal credit card instead of a special offer company.