0 Percent Credit Cards-Are 0 Percent Credit Cards Really Any Good?

Posted by Joel Andrews

July 22, 2009

by Joel Andrews

When searching through different credit card programs, there’s always more to consider than a low APR or 0 percent credit cards. You might find it better to choose from the extensive number of rewards credit cards, airline credit cards, cash back credit cards, platinum cards and no annual fee credit cards. No matter what you end up choosing it’s always good to know your options. 0 percent credit cards have their advantages but they are not the best choice for everyone.

What Do You Need?

How you intend to use your credit card will determine what card you actually choose. Given the tough economic times, 0 percent credit cards are very appealing to consumers right now. Rather than fully paying off their bill each month, more and more consumers may find themselves struggling with credit card debt. A low or 0 percent credit card can help minimize finance charges.

If you plan to pay your credit card balance in full each month, 0 percent credit cards may not be as appealing. You may be more attracted to a rewards or cash back credit card with no annual fee and a longer grace period. It’s important to find the benefits that best fit your needs.

Points To Consider When Choosing A Credit Card

Will you transfer a balance?

Most 0 percent offers are only for an introductory term of 6 to 18 months; some offer a higher rate for a longer period of time. When you are transferring a large balance, you may find that a longer introductory period is the best option for you.

Where do you do most of your spending?

Many of the rewards cards offer extra points for spending in certain places. Get a rewards card that gives you cash back, bonus points or travel miles at the places where you do most of your spending. Cash back credit cards are the best option for a great number of consumers.

Customer support?

Trained customer service representatives will be able to tell you how much you’ll save with a particular balance transfer offer, notify you of potential unauthorized charges or help with a dispute. Good customer support coupled with online resources can save you both money and time. Making a same-day payment without added charges, being notified of special promotions and reward offers or changing a due date so that it better fits with your schedule all give additional worth to your credit card.

The Details

Also, don’t forget about additional perks such as travel assistance, car rental insurance and automatic travel insurance. Always remember to read the small print to see the exact terms of low APR or 0 percent credit cards. The agreement will will give you information about the grace period(the time you have pay off your balance before you pay additional finance charges), and what rates, fees and restrictions that are involved. The more information you know the more value you will gain from 0 percent credit cards or any credit card offer.

About the Author:

Do you want to get the best results when using 0 percent credit cards? To learn how to use them correctly visit our blog Best 0 Percent Credit Cards to get all the FREE information you will ever need.

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