subject: The Dangers Of 0 Credit Card Offers [print this page] In the current economic state, it is wise to find ways on how to save on those monthly plastic bills. Today many credit card companies offer a wide selection of promotion that can help cardholders maintain a more flexible payment terms for their monthly obligation. The most popular would be those 0 percent promotional cards that last at least 6 months to 1 year. However 0 credit card offers can lead to a more serious debt concern if not handled correctly.
It is so good to be true. Imagine 0 percent interest rate in a span of 6 to 12 months. There are even some that offers 0 percent on balance transfer. The average interest rate without this offer ranges from 32 to 45 percent. So optimistic applicants beware. Remember that all even 0 credit card offers are subject to terms and conditions that should be taken seriously.
Beware of the fine print. Make it a habit to read this part before applying for this tempting offers. This portion would explain how interest defaults. Mind you that your application is subject for credit reviews.
Applicants, especially new ones, should not jump into the conclusion that they will definitely get 0 credit card offers stated in the mail. Every application is subject to credit check. Bad credit scores would most likely end up with higher interest rates.
Always pay on time. Secure at least the minimum monthly amount each month to avoid conflicting discrepancies on the statements. Send it weeks before its payment due date. Recurring late payments can be a threat to your credit scores.
Choose from a variety of 0 credit card offers in the market today. If you intend to take advantage of the 0 percent offer, be cautious enough to read the details before reaching the final decision. Give yourself an ample time to go through the details.
