If you have bad credit, chances are good that you’re not going to get an interest free credit card. However, if you have been taking good care of your credit, it’s time to get some reward for your hard work. Enter the zero percent APR credit card offer. These offers are now being saved for creditholders that have great credit scores — yes, even in this economy — and they need a little more credit. You might find that you get to actually enjoy 0% APR for 15 months or better.
There’s plenty of good credit offers. If you’re looking around for credit after a long time of not even being bothered, you might want to actually think about shopping around. Just because an offer says 0% doesn’t mean that it’s not just a teaser rate. You want to see where your rate will go after you actually exceed that intro rate. If the interest rate is too high based on your score, then it’s better to avoid that card.
The Internet is a great way to actually shop around without fear. You’ll be able to check out multiple offers and see which ones would be a good fit. But you can’t forget to look at the fine print. If you aren’t looking at the fine print before you sign up, you might be in for a wild ride.
Do you want rewards points? You can get them, but you might end up paying a little more in terms of interest than other people. You have to really think about things like this. Credit card companies are a business, and that business is to make money. There’s nothing wrong with that, but you need to really figure out what you’re going to do and how you’re going to do it. It’s your life, and it’s your credit. Nobody can really tell you what to do — all we’re doing here is giving you something that you might want to keep in mind.
Do you really need another credit card? You might want to actually get one for emergency purposes, especially if your short term emergency fund isn’t as robust as you would like yet. There’s a lot of reasons to get another credit card. It can actually improve your credit score over time if you’re willing to be responsible with it.
So, what do you think about these cards? Sound off in the comments, and good luck!