No interest credit card offer
Having a credit card these days is nothing special everyone these days possess a credit card. However having a credit card that charges low or no interest rate is something that everyone would like to have. Here we are going to concentrate on no interest credit card offer.
These no interest credit card offers are nothing but the 0 APR credit card offers that allow you to enjoy 0 interest on credit cards for a limited period of time when you sign up for these cards. Having a no interest credit card offer can help you save a lot of money especially when you are under credit card debt and opt for a new credit card to get your balance transferred.
The no interest credit card offer can be one of the best ways to get rid of credit card debt because when you transfer the balance from your other credit card then you are avoiding to pay the high interest rate charged on your debt and also the heavy late fee that you would have to pay towards penalty.
How to qualify for no interest credit card offer
Qualifying for a no interest credit card offer can be a bit tricky. The credit card providers need you to have a good credit history and score so that they can approve you for this card. However they do allow balance transfers so having credit card debt should not be a problem for you to qualify for these cards.
However make sure that when you qualify for the no interest credit card then your payments towards the card are on time. If you miss any payment then the no interest credit card offer expires and henceforth you will be charged the interest rate that is offered on the card after the expiry of the no interest period. You will also be charged a penalty for the same so make sure that you make your payments on time.
Things to consider
When taking a 0 interest credit card it is important that you first check out the interest that you would be charged after the no interest credit card offer gets over. These offers are applicable only for 6-12 months of getting the card on purchases or balance transfers or both. It is important that you check the interest that you would be charged on these cards.
Also make sure that you go through the terms and conditions of the card so that you are aware of the extra charges that you have to pay in the form of penalty in case you do not comply by the rules and also the annual fee associated with the credit card if any.
Another factor that you should consider with these cards is the reward that they are offering. Usually most of the credit cards these days come up with some offer like cash back rewards, airline miles, gas reward cards etc. So when signing up for these cards make sure that you look out for the right offer and then sign up for the one that would be the best for your financial standing.
Some of the no interest credit card offers are mentioned below:
Capital One No Hassle MilesSM Rewards: They offer 0% on purchases and this offer is valid till April 2010. The regular APR on this card is 13.9%.
Discover More Card: This card offers 0% Apr for first 6 months on purchases & 12 months on balance transfers. The regular Apr charged is at 10.66%.
Chase Platinum Credit Card: This card offers 0% APR for first 12 months and the regular APR with this card is 9.24%.
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