If you have been a little late on payments lately and your credit score has slid, you might find yourself applying for Chase 0% introductory credit cards. Chances are, if you've been dealing with money problems recently, you know exactly how hard it can be to get by. With the economy in turmoil, many people have lost their jobs or have seen paychecks shrink. Some are facing bankruptcy while others have to take care of huge medical bills. And without a way to improve their financial situation, some families have even had to file for bankruptcy, which means that this introductory period could be just the help they need.
Of course, you shouldn't take any of this for granted. While the interest rate might be low, it doesn't mean you're getting away with anything. You should be careful, though, because many people who sign up for Chase's 0% introductory cards wind up regretting their decision. After a couple of months, they discover that they're paying much more than they were before, and this is where the trouble starts.
The key to success with this credit card is to only charge things you can afford to pay off at the end of the interest free term. That means that you need to cut back on other expenditures, especially those that are not really necessary. You also need to make sure you pay off your balance in full each month. If you don't, you will be charged a high interest rate. If you do manage to pay off your balance, though, you'll find that the benefits of the 0% credit card will quickly pay off and you'll be able to enjoy the low, reasonable interest rate.
Another thing to keep in mind is that credit cards with low interest rates like the one Chase offers are ideal for students. They make perfect sense, since many college students can barely afford to pay for food, rent, and books. The credit card is a godsend, allowing them to purchase small, necessary items without adding too much stress to their budget. They also make great graduation gifts, since they will be able to use the cash that they've saved on their purchase to pay for tuition, housing, and other expenses once they are out of school.
Chase is not the only credit card provider with special deals for college students. MasterCard offers several low interest deals to college students and is one of the most popular credit cards out there. While it doesn't carry as much interest as Chase's 0% introductory rate, the credit card company offers rewards, low late payment penalties, and a number of added services and benefits.
This is especially important for students living on a tight budget, since these low interest credit cards can help them to pay their bills in a timely manner. These cards also enable them to build up credit points, which can be used later when they need to get loans or make other purchases. It is important to remember, though, that interest rates do creep up after a period of time. The interest rate on a Chase student credit card may even go up to as much as 18%.
Even if the interest rate is high, though, the perks and benefits of owning a Chase student credit card are worth the price. Every cent that a student can charge on a credit card while attending college can help to pay for his or her tuition, Room and Board, books and other educational expenses, and other miscellaneous expenses. Most students will be enrolled full-time when they begin attending college and will have little free time to carry a balance on a credit card. Having a card, therefore, will allow them to keep money in their pockets instead of within their student allowance.
If you're looking for a credit card that does not have a high interest rate, Chase 0 interest credit cards may be a good choice for you. The company also offers low fees and other benefits, so you won't have to pay as much as you would with a balance transfer or cash advance. It is important to remember, though, that you will be responsible for any purchases you make outside your credit limit. These purchases may be deducted from your line of credit, so be sure that you can afford the purchases before you apply for a Chase 0 interest credit cards. Otherwise, you'll end up hurting your credit score and ending up with a high interest rate.