How To Find 0% Interest Credit Cards

Are you in the market for 0% interest credit cards, They most definitely can still be found. There's just not nearly as many as there used to be just a few short years ago. The recession and the tightening of credit amongst banks and financial institutions has made these offers tougher to find. It wasn't all that long ago at all that 0% APR card offers were seemingly everywhere.

Card issuers aggressively used them to not only attract new customers but to also try and lure customers away from their competitors. As it turns out it was actually a rather effective promotion. Zero percent offers are of course for an introductory period. The intro period usually lasts either 6 months or 12 months.

When the introductory rate expires the agreed-upon APR immediately takes effect. That rate is predetermined by the issuer and should be spelled out in the disclosure statement. Another very popular tactic of the issuers, which tied right into 0 interest credit cards, was a balance transfer option. It was not at all uncommon for people to transfer their balances from one issuer to the next when their interest rates became rather expensive.

It was a cottage industry unto itself. Those days are over now. The credit card industry is facing record high default rates and has become quite selective when screening potential cardholders. Not only is your interest rate predicated upon your credit rating but also whether or not you'll even be granted a credit card. With that said there are still several offers available with a 0% APR. By checking on any one of the better comparison websites you will be able to find these types of offers and compare them for yourself.

There are usually categories devoted to low interest credit cards. It is also very important that you read the terms and conditions so that you fully understand what the APR will be when the introductory period ends. Far too many people suddenly find themselves paying very expensive bills because they seem to have forgotten that they would in fact someday be held responsible for paying interest on the credit that was extended to them.

Please be sure to carefully read the disclosure statement so that you fully understand not only how long the introductory period lasts, but what your financial responsibilities will be when it ends. In addition to how much interest you owe, you also want to know exactly what the fees are. These are the things that determine your true cost of credit.

A zero interest credit card is the best option for you if you are tying to minimize your debt. There are many advantages that include consolidating current cards, saving money, and getting rid of all of those credit cards once and for all. If you are finding yourself upside down in your monthly payments because your credit card balances are killing you, then you should consider a zero interest credit card.

You are not the only person that is making monthly payments on your credit card of several hundred dollars a month to see that your payment didn't even touch the principal balance. 500 after you paid off your credit card. There are actually options for you to balance transfer credit cards onto one credit card with no interest. You can get rid of the four cards that you have and only make one easy payment each month.

This eliminates confusion and having to shuffle around the bills. You can save a lot of money with a credit card debt consolidation of a zero interest credit card. This is because your payments will actually be going toward the principal balance every month rather than toward interest. If you have too many cards, then the best thing to do is to consolidate the high interest cards. This will put more money in your pocket. Another benefit of combining your credit cards is that you are improving your credit score.

It looks much better for you to have one open credit card than several open cards with balances that you owe. Your cards will immediately look as if they are paid off and it will look as if you have one credit card with a higher debt. As you pay on the credit card, your debt will decrease, resulting in a higher credit score.

A 0% APR credit card is the best option if you are looking to consolidate your high interest credit cards into one easy monthly payment. Some cards take forever to pay off and almost seem impossible without a card to consolidate. You will be able to take advantage of the benefit of one monthly payment on your credit card and you will see your credit scores improve in no time. When you consider consolidating your credit card debt with 0% interest credit cards, make sure you read all of the fine print.