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The idea of having a credit card with low interest or even a credit card with 0 percent interest rate is a very attractive idea. It may seem like there's no credit card company that offer this kind of benefit. However, there are credit card companies that offer 0 percent credit cards. And, there are also a lot of them too.

There are companies that offer credit cards with 0 percent interest if the company is sure that the person or company they will issue their credit cards to has a good credit rating. Or, sometimes, some credit card companies only offer this kind of credit card to individuals or companies that have excellent credit rating.

0 percent interest credit cards are offered by credit card issuers as a way to attract more clients. Just think about it, with this kind of feature in your credit card, you will no longer have to pay interest for every item you purchase using the credit card.

With this offer, it would really make people transfer from one credit card issuer to another. If you have a high interest rate credit card, you would get attracted to this offer. Besides, with the availability of 0 percent interest credit card, why would you want to stick to your credit card that has a relatively high interest rate?

It is a fact that these offers are very attractive for everyone who owns a high interest credit card and also for people who are considering getting a credit card. However, many of these 0 percent interest rate offers are usually offered only on an introductory period. This means that the 0 percent offer is only available for a limited period of time only. Sometimes, it can be as short as three months and sometimes it can be as long as 12 months.

You don't want to find out that as soon as the 0 percent introductory period expires, the credit card you have holds a high interest rate. So, for you to get the best offer in the 0 percent interest credit card, you have to consider the following before you apply:

- First of all, you need to determine on where the 0 percent interest is applicable. For example, it may only be applicable to balance transfers, it can be on cash advances, or it can be on purchases you make with the credit card.

- Determine how long the introductory 0 percent interest rate will last. The longer the introductory period, the better.

- You should also consider how much the interest rate will be after the introductory period expires. Some credit card issuers offer 0 percent interest rate to get more clients. However, after the introductory period, you may find yourself with a credit card that has a high interest rate.

This type of credit card is usually used by people who want to pay off their credit card debt. This is because with a credit card that offers 0 percent interest rate, the actual debt is paid rather than paying for the interest. If the 0 percent interest introductory period expires, you apply for another credit card that offers 0 percent interest rate.

However, there is no guarantee that you can get another credit card with the same feature. This is because, when applying for a credit card, your credit rating is always considered by the issuers.

# posted by Medical Information : 1:36 AM