0 interest credit card offers are widely available in this day and age. They are used as bonuses to attract you to sign up for the card. But when the offer runs out, you might end up paying more interest than a regular credit card. So be sure to know exactly what you are signing up for before making the final decision.
Although the interest can be higher with some cards, a 0% interest card does have it’s benefits. They can be an affordable way for you to buy something and pay no interest on it for a few months. During this time you can pay off the balance so you will never pay any interest whatsoever. It can be more affordable than a small personal loan.
When they were first introduced, the time period was quite short. But since then more and more card issuers are extending the offer period. Most have 12 months and some even have 0% for life offers. This means you will pay no interest on transferring your balance but you may have to follow some rules like making a set amount of purchases on your card every month. But if you use your card regularly anyway, it can be a great way to save some money.
No matter what credit card offer you decide to go with, you should always use it within your means and make sure you pay the balance off every month. Each time you leave it, you will just have to pay the extra interest. If you leave it for several months this can really build up into a large amount.
So shop around for 0 interest credit card offers and choose the one that gives you the best deal. Just be sure to look out for any fees involved or what APR you will have once the offer runs out. That way you can make the card work for you, rather than the other way around.