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It’s not very difficult for one to get a zero percent interest rate credit card. All it takes is a little persistence and resolve to obtain the perfect card. You need to do your research diligently to get the best card.

Look out for all those advertising campaigns that boast of extremely low interest rates or even nonexistent interest rates. Furthermore, find balance transfer cards that do not charge any fees to transfer your outstanding balance to a new account. However, be aware that the zero percent rate is going to be valid only for a certain period of time. Beyond this period, you will have to start paying a standard credit card interest rate on the outstanding balance that remains.

The zero percent rate of interest is only offered for a particular period. This is done to entice new customers to apply for the card. The interest rates will remain zero for a period ranging between a month and even two years in some cases. Citibank has now come out with a card that has 21 month zero interest rate offers. Try to secure the highest possible zero interest rate period. This will give you a lot of time to repay the outstanding balance without having to spend extra on the interest applied.

One thing that you will have to watch out for when looking for a zero balance credit card is the penalty charge. The zero percent APR will be removed without warning if you miss even one single monthly payment. The monthly minimum payments have to be done without failure. You must also ensure that you do not make anymore purchases on the card no matter what the reward’s schemes are going to be. This is because any other purchase apart from the balance transfer could be treated as a normal purchase and the interest rate will be applied after the grace period of 40 days.

Always read through the fine print to understand the terms and conditions before you sign on the dotted line. There is no point in getting stuck with a card that is not going to help you get out of the financial mess that you already in. Try setting up an automatic funds transfer from your savings account to the credit account every month to enable prompt payment. Take a few minutes to decide whether you really need a balance transfer credit card before you decide to make the move. This will help in ensuring that you make the right decision.