Hidden Facts about 0% APR Credit Cards

It is proved that most credit cardholders give preference to credit cards with 0% APR or low interest rates. It is great to have a credit card that doesn't demand to pay interests. But do 0% APR credit cards really exist? The answer is yes. You can acquire such a card but the interest-free period will last only for several months. The introductory period depends on your credit card agreement and the credit card company. In spite of the fact that these deals look alluring, you should be very careful choosing 0% APR credit card. If you are going to get a plastic with 0% on interest rates it is better to check your credit rating. As a rule such credit card offers are created for those whose credit history is excellent or good. No credit card company is ready to trust and give a card to a consumer who has missed his monthly payments. No one denies that we are easily tempted to apply for a credit card that offers 0% APR. In fact it is a common temptation. People like when they are provided with something for free. But after that they find out that these rates are used just to attract consumers. Of course credit cards with zero interest rates are great but they have some disadvantages that may lead to financial problems. If you have decided to apply for no interest credit card don't spare your time checking APR after the intro period. There may be an annual fee that is for sure far from the zero. When you own 0% interest credit card during the intro period, it is not for sure that you won?t pay default fees that may appear all of a sudden. If you are late with your payment it is enough to lose zero interest rates and say good-bye to such deals. As a rule such deals offer 0% APR on balance transfers and purchases. The advantages of zero percent APR on purchases is quite evident but not everyone is able to take advantage of 0% balance transfer credit card. The fact is that some rewards credit cards come with zero percent on balance transfers. First of all you transfer your balance to a new credit card. Some time later you cope with your debt. If you want to benefit from zero percent interest credit card make sure that you realize all the possible consequences. So, if you decide to choose a card with 0% APR, pay attention to the introductory period of the card and whether the rate is for purchases or balance transfers. Financial directory