0% credit cards

In theory everyone would love to own a 0% APR credit card. The truth is, however, that only those who plan on carrying a balance on their credit cards would benefit from a credit card offering a 0% APR. People who pay off the balance on their credit cards monthly will not benefit from having a 0% credit card. Oftentimes these cards charge annual fees and do not offer the same privileges or perks that other interest bearing credit cards offer. 0% credit cards are normally presented as an introductory offer in a bid to entice customers to sign up. Such deals last for a specific length of time and then the credit card reverts to a normal interest bearing credit card. Alternatives are credit cards that offer 0% APR on transfer balances. In other words, when a client transfers a credit card balance to the new card no interest will be charged on that specific amount for a defined length of time, however new purchases will be subject to interest charges. Even among the 0% APR credit cards there is a selection to choose from. Again here, wise customers will do their homework first and decide on the card that is best suited towards their needs and their lifestyle before making any commitments. 

As with everything else in life almost nothing comes for free. There is a hidden cost behind every incentive that is offered and with 0% APR credit cards, sometimes that hidden cost is in a higher interest rate after the initial grace period, sometimes it is found in an annual fee or even service charges. Whatever the case may be 0% APR credit cards can be a great tool for people who are shrewd enough to use them carefully and to their benefit.