Sunday, May 24, 2009

Credit Cards With No Interest By Jude Patrick

It is possible to find some great deals when it comes to credit cards with no interest. These are popular due to the fact that interest is not added to the amount of money you spend, whether this is an introductory offer or a time-sensitive option. If you find a deal like this then it's important to still understand how to use your credit card responsibly.

Most credit cards have 0% interest for a fixed period of time after making a purchase. As long as you pay off your balance before this time expires, then you should be able to take advantage of the 0% interest rate. Some cards will start building interest the moment you spend any money on the card, so you should check your card terms carefully to ensure that they are free of interest for a specified period of time.

The time within which you are required to pay off your balance will vary from card to card, but is generally around one to two months after making your purchase. This is useful for giving you time to get the money together for your minimum payment amount, though you should try to clear the whole balance if you want to completely avoid paying any interest.

Cards that come with no interest are extremely valuable to those who know they can pay off the balance each month. However, the biggest risk comes in not knowing how long it has been since you made the purchase. In order to make the best of credit cards with no interest, you should pay off your balance as soon as possible.

Find and compare the BEST credit cards without interest at the authors credit card website by clicking here.



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