Credit Cards With 0% Interest Credit card issuers often offer unique deals and special interest rates as "teasers" to talk consumers in to taking out credit with their companies. For example, finding credit cards with 0% interest is not difficult, but the problem is that these credit cards with 0% interest never last. The interest rate is eventually going to shoot up, and if you have a balance on your card, you will suddenly find yourself paying exorbitant costs in interest that you could have avoided by using your credit card more wisely. Before you jump on the bandwagon, taking advantage of teaser rates and introductory offers because they sound so great, it is important that you come to understand what it means to have credit cards with 0% interest, as well as how long it will last and what will happen once the 0% interest rate wears off. The first thing that you need to understand is what is being offered when it comes to credit cards with 0% interest. A 0% interest rate credit card is simply a teaser rate or introductory offer that is offered to get you to apply for the card and build up a balance on it. At some point, the introductory offer is going to end. After the introductory period ends, however, the credit card will suddenly revert back to its original interest rate. If you are caught with a balance at this point, you have to pay that interest rate. You can suddenly find yourself paying anywhere from 6.99% to 29.99% if not more, depending on the card issuer and your current balance. If you maxed your credit card out, you will suddenly be paying interest on that entire balance. If instead you keep your balances low on credit cards with 0% interest, when the interest rate reverts back, you will not be contending with nearly as much money in interest rate. The money that you save in interest can be money in your pocket, but only if you treat your credit cards with 0% interest right and take advantage of them using a sound money management strategy. Do not just max your credit cards with 0% interest out because you think you do not have to pay interest - This is never the case. You absolutely will have to pay interest eventually, and if you are not careful, this can really come back to bite you in the long run. SmartCreditChoices.com has many credit card offers including 0% APR balance transfer credit cards.
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