Getting zero percent credit cards can be easy if you know where to look. Most people know that credit cards with 0 interest can save them money, but not all credit cards offer these special offers. While interest can seem high to someone just starting out, many times paying interest only costs the user more money in the long run. It's important to know the facts about interest rates before signing on any credit agreement. After all, this is where the money is going.
When looking for a new card, find one with the longest introductory offer: five, ten or twenty years. If your credit rating is fair to good, you will likely qualify for a zero percent APR introductory offer. Be prepared to sign on for at least the introductory offer, even if it is only for six months. Most 0 percent APR cards are offered to consumers with good credit who set up a repayment plan to repay their debt within the first six months. Most consumers will use at least a portion of their payment to their principle. Choose the cards with the longest introductory offers, and you will save the most money.
Once you have chosen your zero percent APR introductory offers, do your research. Choose a card that offers the lowest balance transfer fees and charges. Check out the annual percentage rates (APRs) and compare them to other cards with similar rates. Find out what kind of incentives you will receive by paying off your balance faster. See if you can get credit cards with low APRs for only 12 months to a year, or if you would prefer a longer period of time for repayments.
If you have to choose between introductory offers with longer terms versus shorter ones, then the shorter ones are the ones you want to apply for. Some cards offer balance transfers for only three months; while others offer balances transfers for twelve months. You can use all or only part of your introductory period, depending on your preference. Make sure that you consider the balance transfers' impact on your monthly budget.
You may also consider transferring your balances from high-interest credit cards to lower-interest ones. Balance transfers can help you reduce your debt, which will reduce your monthly payments. Also, consider how long it will take you to reach your goal of zero interest credit cards. Will having a zero percent APR for six months or less make a difference in your life?
There are several types of cards, each with its own benefits and drawbacks. Some are for short-term use, while others are great for making larger purchases over a longer period of time. It all depends on how much you typically spend and what you plan to purchase during this introductory period. To find the best card for your needs, you should consider how much you owe and how much you are eligible to receive in the form of an interest rate reduction. Once you know your spending habits, you will be better able to choose the right card for your needs.
The easiest way to choose the best 0 interest credit cards is to do some research online. Many of the top credit card companies offer free online quotes. This way, you can get instant pricing and look at all the options available to you.
To get the best deals on zero interest credit cards, make sure to read all the fine print. You should be aware of any fees and charges that could increase your costs when you make future purchases. Be wary of any cards with annual fees. This is especially true for the top 6 best zero interest credit cards.