One way you can find zero interest credit cards is to use the online sites that do the searching for you. These sites are called comparison sites and they are affiliated with the card companies. They will present to you a side by side comparison of their various cards. You will be able to choose a card that has the lowest interest rate, lowest ongoing fees and charges and lowest, other charges. This process is very easy and fast but there are some things you should know to maximize your results.
-The comparison site needs to present all the information it has about the different cards. Even the smallest detail can be important and make a difference in the card that is chosen. Some of these details include the name of the issuing company, the annual fee, the grace period, the late payment penalty and the rewards offered. If you have a choice of cards, it makes sense to check each one to see what benefits it offers.
-If there are zero interest credit cards from a particular bank, make sure that you check out the other banks with which the card issuer has relationships. The same holds true if there are American Express, Discover or Chase cards from the same bank. Many people have been loyal to one bank their entire life and it would be inappropriate to switch just because you can now get zero interest cards from their bank. Also, if there are separate banks offering zero interest cards, make sure that you read up on them so that you are familiar with the terms and conditions of the new cards.
-A good comparison site will also look at the interest rates of each card and how long it will take to pay them off. These factors will have an effect on your overall savings. The longer it takes to pay off the card, the more money you will save. However, there can be an opposite effect as well. A low interest rate may mean that it will take longer to pay off.
-This is an area where the comparison website will have some sort of restriction. Some will require balance transfers in order to earn the zero interest status. Make sure that you understand this before you go ahead and apply for the card. If you do not transfer the balance, then you cannot get zero interest. So be clear on this.
-There are a number of different balance transfer offers that will work depending on the card that you choose. Be sure to read all the details so that you know which terms and conditions apply. Many will offer some sort of introductory period and this is when you can transfer the balance to the new card. Others will charge fees for balance transfers. Look for information on these fees so that you do not end up paying more than you had to. Do not apply for a balance transfer, if you have to pay fees to do so.
-A lot of people do not like the idea of having to pay a balance every month. So make sure you read all the terms and conditions about the zero interest cards before you apply for one. In addition, you might want to avoid cards that charge fees for balance transfers. Again, you have to compare each card to see which ones have no balance transfer fees. The card with the lowest balance transfer fee and lowest standard interest rate will be the best choice.
-When applying for zero interest credit cards, always read the fine print so that you know all the facts. There can be many things that you will want to make sure you understand. For example, you will have to make a payment every month, you might have to make an annual fee, or you might have to agree to a specific period of time that the interest rate will be zero. Be clear on these details before you fill out the application and before you submit it.