Business is good for a lot of credit card companies and they are continuously seeking more reliable and good-paying customers to avail of their powerful plastic cards. If you are one of those people who have a squeaky clean credit history, you probably might have experienced getting your mailbox full with all those letters offering interest free credit cards. Before you get too carried away, you must remember to read terms and conditions or you could fall into a trap that could get you into a lot of debts.
Credit card companies come up with various marketing strategies to attract more customers towards them. Who would not want to have a credit card that gives you no interest charges for your purchases? Some interest free credit cards also offer no annual fees and no annual percentage rates for a certain amount of time. They could sometimes offer no interests on purchases or on balance transfers, or both.
Interest free credit cards are only valid for a limited introductory time ¨C six months, nine months, the maximum is usually around 12 months. So, do no think that it is a forever thing. Credit cards are still part of a business, by the way, and companies would not profit from its customers if they do not charge interest at all.
Those with good credit history are usually the ones granted with the longest interest-free introduction period. balance transfers can also be availed at no interest at all, so you might want to take advantage of that and transfer your high interest outstanding balance to the one with no interest while you still have the chance.
There are a lot of interest free credit cards out there. The internet offers a lot of resources and gives you hassle-free picking and choosing, so you will not have to go from one company to another to find the best card for you. Once you have chosen from among the best, you might want to consider visiting their office though to have a detailed discussion with the issuer so you could also clarify some points of their conditions that you do not understand and avoid future pitfalls.
Cards that offer no interest charges are everywhere ¨C some might even be knocking on your doors right now. All you just have to do is shop, choose the ones with the best deals, and then pick the most perfect for you.