0% Interest Credit Cards – Pay your balance not your interest

Americans carry a large amount of their debt on credit cards. This means that chances are you, like me, are paying $50, $100 or more in interest each month on credit card balances. You could save a lot of money with 0% interest credit cards, how ever doesn't it seem a little to good to be true that someone would loan you money for nothing? This article will explore the realities a 0% interest credit card, more specifically we'll discuss if the interest rate is really zero, what to watch out for, and which card you should be applying for. After reading this article, you should feel confident to make the right choice when choosing your next credit card.

Is that Interest Rate really Zero Percent?

You need to read the fine print when applying for 0 interest credit cards. Why? Well not every deal is as sweet as it might seem on the surface. Many credit cards will offer an introductory 0% offer, how ever the standard rate of interest on that credit card may be much higher. Be sure to check how long the zero percent lasts. No card is going to a life long 0 interest credit card, but look for the longest period possible. 12 month 0 interest credit cards will likely be the best available.

Is that 0% interest right across the board?

What do you use your credit card for? Cash advances? Balance transfers? The 0% interest you receive for the first 6-12 months may not be for everything on the card. You should check to see what the interest rate will be for transfers, cash advances, and of course what the standard rate will be after the introductory rate has expired. Look for 0% interest credit cards that also offer a low (below 10% if possible) interest rate after the introductory rate expires.

What is the best 0% interest credit card?

There are a lot of companies competing to get your business in the credit world. So it makes sense that no one card will stand out to far above the others. How ever the credit card with low interest you can find that has a zero percent introductory rate for 12 months, then offers a below 10% rate there after is going to be your best bet.