Credit Cards with Zero Percent Interest

There are hundreds of companies that offer zero interest credit cards with different features and offers, but how do we know which is the right one for us? Well here are few tips that will help you apply for a credit card that best serves your interest.

1. Know how long the introductory period is: Though zero interest credit cards might seem to be an attracting offer, just do not come to a conclusion that the offer will last forever. These companies offer zero interest on your credit card only for a couple of months. Some offer a three months interest free credit while others offer six months, and others up to a maximum of a year.
2. Know the interest rates and the transactions on which zero interest is offered: Most of the companies offer zero interest either on balance transfers or not on new purchases. There are very few companies that offer 0% interest on both the transactions. So research the terms on which the card is been offered.
3. Know the APR rates: Also check out the APR and the interest rate beyond the introductory offer, as you may end up paying the annual fee twice a year. Check if the annual fee is somewhere between $50 to $80, else you might end up paying more and thus spending all that you saved from the free interest.

Though the above mentioned tips are the basics one to follow before applying for an interest free credit card, it is always advisable to pay your bills on time and don’t use your card a lot. This way you will have good credit ratings that will help you secure any future loans with ease.