0% credit cards are superior to the ones that charge an exorbitant amount of interest. The trouble is finding one. With the way the bankers have mishandled their own businesses, they now are prone to charging more than they have in the past. Still, 0% credit cards are attractive if you want to engage in some “less risky” financial behaviour. It beats having to pay the “double digit” extremes that greedy bankers love to charge.
Some of the places that may be offering 0% credit cards are Capitol One, Virgin Atlantic, AA, MBNA, the Bank of Scotland, Tesco and Virgin Credit. As expected, these credit cards are extremely popular. They allow the user to have no interest, but not for forever. Some people like to do the round with the 0% credit cards using them to pay off other cards that do have those double digit interest rates. Wise juggling may get a credit consumer ahead, but more than likely not. Being addicted or enslaved to credit is not a happy place to be in.
Get yourself one or more 0% credit cards if you need a temporary break. They will often come with cashback bonuses if you use them online. A cheaper one out there is the Slate card from Chase bank. They offer a zero interest plan for twelve months on purchases and balance transfers. The regular APR is around 13 percent. There is no annual fee and fraud protection, zero liability on fraudulent purchases and email and text alerts for those who are mobile savvy.
Those who have bad credit or no credit will still be able to take advantage of the 0% credit cards offered online. An “instant decision” is even available if you find the right web site. Normally, those with bad credit are not going to be able to take advantage of 0% credit cards.