0% APR Credit Card Offers - Good Deal Or Bad? by Chris

Are 0% APR credit card offers really all they're cracked up to be? Many companies offer this rate to new clients, and many people jump on this kind of offer, but they tend to be bad offers in the end.

While some of these offers might actually be worth your while, most of them are nothing more than bad news in disguise. Why? Well, it all begins with that very fine print. When you are given a new credit card offer, you will find that it comes with a large booklet full of terms and details - read this booklet cover to cover.

You'll find that credit card companies hide important details inside of those pages. Everything from introductory rates to changes in policy can be found inside of that book. While it might seem like a lot of information to digest (and it is), if you don't read all of that print you might be in for a huge surprise.

Speaking of introductory rates, let's talk about those for a moment. While that new credit card company might offer 0% APR credit card offers, this doesn't necessarily mean that the interest rate will remain at zero percent. In fact, the opposite is often true.

Most companies only offer zero percent for a couple of months. After this time, that interest rate will rise. What will be the new interest rate? It's hard to tell, but you can bet that it will be higher than zero percent.

Make sure that you find out exactly what this new rate will be before you sign up for that card. In fact, it's always a good idea to contact the credit card company, ask a lot of questions, and then find out what you can expect to pay in the future. Sure, those 0% APR credit card offers might look great, but they are often full of traps.

How can you avoid becoming a credit card victim? First of all, realize that 0% APR credit card offers don't last forever. Then, make sure that you read all of that fine print. Finally, make sure to pay off that full balance every single month.

This is the best way to avoid any falling prey to credit card companies. You might be tempted by a new card, but this doesn't mean that it's a good idea. In fact, most of the time those zero percent cards are a bad idea . . .

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About the Author
The author is an avid writer on topics such as credit cards and finance.