Posts Tagged ‘offering 12 months interest free’

Zero Interest Credit Card Myths

Do they or don’t they exist ? Zero interest rate credit cards are highly sort after by many a people however we would like to share the truth with you. You would of heard of the old saying you get what you pay for well indeed this is the case with credit cards offering zero interest.

A few years ago i came across a credit card offering zero interest, what i missed was the fine print that stated this would only last for 6 months and amongst that fine print also made reference to sharing my personal details with just about anyone that would be interested, a few weeks after receiving my credit card my letter box became flooded with credit card offers, credit card discounts, credit card promotions and many other financial offers. So that you don’t end up in the same boat as me i would suggest that when seeing anything offering zero repayments or zero interest that you pay close attention to the fine print & read the terms and conditions very carefully.

I have seen many people take out credit card after credit card to pay off previous credit cards and while at the time it would seem very clever to keep using services offering 12 months interest free this does indeed damage your life long credit score so please keep this in mind when looking to refinance credit card debts