Credit cards with a 0% or a low interest offer usually don’t last long. The introductory period can start from 3 months to a year and it can even extend at least a few months beyond that. Is it possible to keep your credit card interest rate at 0% or at a low interest for a longer time? Here are some tips worth thinking about:
Study carefully what the credit card really offers. It’s not enough that you know that the interest rate is at 5% for a period of 6 months. Aside from these two important details, you need to know about the rest of the credit card fees that you’ll be facing.
For instance, how much will the interest rate be after the 6-month period? Are there balance transfer fees? What about annual fees? How much is the late penalty charge? All these fees are disclosed in your credit card’s Terms and Conditions so you really need to do your homework and understand your agreement before signing up for the credit card of your choice.
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