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0 Interest Rate Credit Cards, A Raging Concept

DontSpendMore.com

There are many tricks in the market today regarding 0 interest rates credit cards. However, we all know the trick and how we can use them for our advantage. Look for a credit card promo that has an introductory zero interest rate charge on transfer and spending and move your balance to it. After 6, 9 or 12 months have passed and the normal rate of interest is about to be applied, you can search for another credit card that offers 0 interest rates and then move your credit balance again to it.

The purpose here is to end up using credit card without paying the interest since you always have a 0 interest credit card. Therefore, a smart way to beat the credit card providers or banks. Or is it really that way?

Click here to compare and save on credit cards. Low APR and 0% APR credit card offers from multiple providers. Click here to save now.

Advantages of obtaining 0 interest credit cards

The straightforward approach why we go for zero interest is that we use them but we don’t have the obligations of paying debt to the bank, unlike the others with 16% or more APR.

Zero interest credit cards are useful for people who do not have a huge income or those that are students who need to pay for existing debts. In essence, while you pay for your debt, you don’t have to pay the extra debt from the bank providers. The only debt you will pay would be the amount you spent for the month.

At DontSpendMore.com, you can compare and apply for low APR and 0% APR credit cards. These offers are ideal in terms of bringing down your interest expenses and also a viable platform to become debt free.

Hot Credit Card Offers

Hot Credit Card Offers
Type	Brand	Annual Fee	APR	Cashback Bonus	Details/Apply

The First Progress Platinum Elite MasterCard(R) Secured Credit Card
	Master Card(R)	$29	19.99%	N/A

* This online application is subject to the terms and conditions as described in the Important Information Section of the application.

Disadvantages of 0 interest rates credit cards

You forgot to transfer your balance before the zero interest promo ends and you have to pay interest rate charges.
The zero interest offer gets void when you forgot to pay at the said date or your payment is late.
Being tricked that you are getting zero interest for new purchases and transferred debt.
Only 0 interest rates are offered for those with existing debt to the credit provider.
Once you’ve accumulated your zero interest credit card, you won’t be able to apply again after a couple of months from the same credit card provider.
It can affect your credit rating when switching excessively between zero interest cards.

Therefore, you must always remember that it is important to bear in mind about paying earlier or avoiding late payment. Also, you must not forget to when the zero interest offer ends so that you will avoid the expenses or charges. However, it is still best to pick credit card with low interest rate and sticking with them to avoid having problems in the future regarding the use of 0 interest rates credit card. The main benefit of using 0 interest rates card is you can boost your credit rating especially when you just have a minimal debt or no debt. Additionally, using low rate credit cards and maintaining your obligation to them is much better when boosting your credit rating. So choose wisely and consider those that will benefits you rather than taking the advantage but will results into problem in the future or in the long run.

Applying for Major Credit Cards - Unsecured

You can apply for a major credit card. Applying for a credit card online is relatively simple, as you simply enter your personal information, such as name, birthdate, social security number and address, and they will compile your credit information and come up with a decision within a few minutes. If you’re approved for one of their cards, they will let you know right away, otherwise you’ll receive a notice in the mail as to the reasons you were declined for a card.

Applying for Major Credit Cards – Secured

If, however, you’re turned down for a major credit card due to your credit history – either poor or lack of one – that doesn’t mean you can’t still obtain a credit card. You can look into the benefits of getting a secured credit card, which is a card that is basically backed up by your own bankroll, rather than a creditor’s.

You provide a deposit, and your available balance on the credit card is based on that deposit. You will still be required to make payments on your secured card, and if after a set period of time you’ve shown excellent payment habits (paying the minimum amount due or more on time each month) then your deposit may be refunded and your card reverts to an unsecured line of credit. The best part about secured credit cards is that they, too, report to credit bureaus, so you will be establishing credit through the bureaus as well as the bank that issued you your credit card.

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