Zero Percent Interest Credit Cards - Applying For A Low Introductory Rate Card

Authored By: Carrie Reeder

There are various credit card offers available. If you are an extensive credit card user, you are likely familiar with the different types of offers and rewards. One widely publicized credit card is the zero percent interest cards. Although these particular credit cards have several perks, they also have certain advantages and disadvantages.

Types of Zero Percent Interest Credit Cards

When applying for a zero percent interest credit card, it is important to know which charges qualify for zero percent. For example, if applying for a balance transfer with zero percent, the low introductory rate only applies to the dollar amount transferred from another credit card. On the other hand, some zero percent interest cards apply to new purchases.

How Zero Percent Interest Credit Cards Work

Zero percent interest credit cards are just like other credit cards, the only difference is that these cards come without the high interest. Zero percent cards are not permanent. Most credit companies offer the introductory rate for 12 - 15 months. During this period, all monthly payments are applied toward reducing the principle balance.

Applying for a zero percent interest credit card has several advantages. However, these cards also come with certain pitfalls. For example, if obtaining a credit card with a low introductory rate, timely payments are extremely important.

Some credit card companies allow a few mistakes. On the other hand, credit card companies offering zero percent will not tolerate irresponsible credit users. For example, if payments are a day late, the credit card company may revoke the introductory rate period and charge a much higher rate.

Benefits of Zero Percent Interest Cards

If hoping to consolidate and reduce credit card debt, zero percent interest credit cards can help. Because interest is not applied for the first 12 - 15 months, you can easily combine all credit card balances onto one card, and dramatically reduce the balance. Moreover, zero percent interest cards are perfect for financing home improvement projects or taking a vacation. To avoid paying a higher interest on purchases, the key is paying off the credit card before the introductory rate period ends.

Try using www.abcloanguide.com for a list of Recommended Zero Interest Credit Card Companies online. Their recommended companies are reputable and competetive in their rates.

Article Source: http://www.FinanceNook.com
Your One-Stop Quality Finance Article Source

Home | Credit | Credit Cards

Read Additional Related Articles from the Credit Cards Category

Listed below are more articles related to the above article.

People interested in the above article "Zero Percent Interest Credit Cards - Applying For A Low Introductory Rate Card" are also interested in the related articles listed below:

Extra Options For Your Credit Card - By : Peter Kenny
Credit Card Traps? - By : Joseph Kenny
Credit Card Debt - Do You Feel Frustrated - By : Scott Knutson
How To Use A Secured Credit Card To Repair Your Credit - By : Ryan Cote
The History Of Credit Cards - By : Ed Vegliante
Simple Methods To Reduce Credit Card Debt - By : Peter J Kenny
Minimum Monthly Credit Card Payments On The Rise - By : Ed Vegliante
Gas Rewards Credit Cards: A Look At The Top Three - By : Ed Vegliante
Credit Cards Gone Wrong - By : Joe Kenny
Credit Card Debt: Coping Tips - By : Jeanette Joy Fisher

Read more related articles in Home | Credit | Credit Cards

Return Home

FinanceNook.com Home

Featured Sites

Internet Marketing
Website marketing strategies and tips for promoting a business online

Small Business Marketing
How to get more customers or clients than you ever dreamed possible

Social Bookmarking

Bookmark on del.icio.us

Popular Articles

RSS Feeds

FinanceNook.com Home | Top of Page

United States of America . United Kingdom . Canada . Afghanistan . Albania . Algeria . American Samoa . Andorra . Angola . Anguilla . Antarctica . Antigua & Barbuda . Argentina . Armenia . Aruba . Australia . Austria . Azerbaijan . Bahamas . Bahrain . Bangladesh . Barbados . Belarus . Belgium . Belize . Benin . Bermuda . Bhutan . Bolivia . Bosnia-Herzegovina . Botswana . Brazil . British Virgin Islands . Brunei Darrusalam. Bulgaria . Burkina Faso . Burundi . Cambodia . Cameroon . Cape Verde . Cayman Islands . Central African Republic . Chad . Chile . China . Colombia . Comoros . Congo . Congo (Dem. Rep.) . Cook Islands . Costa Rica . Côte d'Ivoire . Croatia . Cuba . Cyprus . Czech Republic . Denmark . Djibouti . Dominica . Dominican Republic . East Timor . Ecuador . Egypt . El Salvador . Equatorial Guinea . Eritrea . Estonia . Ethiopia . Falkland Islands and Dependencies . Faroe Islands . Fiji . Finland . France . French Guiana . French Polynesia . Gabon . Gambia . Georgia . Germany . Ghana . Gibraltar . Greece . Greenland . Grenada . Guadeloupe . Guam . Guatemala . Guinea . Guinea Bissau . Guyana . Haiti . Honduras . Hong Kong . Hungary . Iceland . India . Indonesia . Iran . Iraq . Ireland . Isle Of Man . Israel . Italy . Ivory Coast . Jamaica . Japan . Jordan . Kazakhstan . Kenya . Kiribati . Korea (North) . Korea (South) . Kuwait . Kyrgyzstan . Laos . Latvia . Lebanon . Lesotho . Liberia . Libya . Liechtenstein . Lithuania . Luxembourg . Macau . Macedonia . Madagascar . Malawi . Malaysia . Maldives . Mali . Malta . Marshall Islands . Martinique . Mauritania . Mauritius . Mexico . Micronesia (Federated States) . Moldova . Monaco . Mongolia . Morocco . Mozambique . Myanmar (Burma) . Namibia . Nauru . Nepal . Netherlands . Netherlands Antilles . New Caledonia . New Zealand . Nicaragua . Niger . Nigeria . Niue . Norfolk Island . Northern Mariana Islands . Norway . Oman . Pakistan . Palau . Palestine . Panama . Papua New Guinea . Paraguay . Peru . Philippines . Poland . Portugal . Puerto Rico . Qatar . Reunion . Romania . Russia . Rwanda . Sahara . Saint Helena . Saint Kitts and Nevis . Saint Lucia . Saint Pierre & Miquelon . Saint Vincent & The Grenadines . Samoa . San Marino . São Tomé & Príncipe . Saudi Arabia . Senegal . Serbia . Seychelles . Sierra Leone . Singapore . Slovakia . Slovenia . Solomon Islands . Somalia . South Africa . Spain . Sri Lanka . Sudan . Suriname . Swaziland . Sweden . Switzerland . Syria . Taiwan . Tajikistan . Tanzania . Thailand . Togo . Tongo . Trinidad & Tobago . Tunisia . Turkey . Turkmenistan . Tuvalu . Uganda . Ukraine . United Arab Emirates . Uruguay . Uzbekistan . Vanuatu . Vatican City (Holy See) . Venezuela . Vietnam . Yemen . Zaire . Zambia . Zimbabwe

Template Design by Larry Lim | Powered by Article Dashboard