How To Keep Your Credit Card Interest Rate At 0%
We’ve all been tempted by 0% credit card interest rate offers. These offers are usually for short periods of three to 12 months and there are usually conditions attached. For example, the preferential rate may apply to balance transfers, but not to cash withdrawals. The low interest rate may not apply to credit card cheques or purchases either.
People who are carrying a large debt will want to make the most of 0% interest rate offers. Here’s how to keep your credit card interest rate at 0%.
Researching 0% Credit Card Deals
First of all, it is best to research the credit card thoroughly. Consumers need to find out:
– what period the 0% interest rate is for
– whether it is for balance transfers only
– whether it applies to other spending on the card
– what the rate is for cash withdrawals or credit card cheques
– whether there is a balance transfer fee
– what other incentives there are for using the card
Answering these questions will help consumers to decide which 0% credit card is right for them. It is especially...