It seems that several times a year, credit card companies participate in mass mailing campaigns in order to get their offers for zero percent credit cards out there among the public.
Have you ever received an offer like this and wondered if you should switch from the high interest rate credit cards that you are currently using?
Well, the question that many consumers today have is “Does interest free really mean interest free?” The answer fully depends on exactly which offer from zero percent credit cards you decide to apply for.
I have decided to do some research on the multitude of zero percent credit cards that are currently available and have discovered that there are a few zero percent credit card offers that stand out among the competition. These two cards are the Citicard Platinum Select Card and the Chase Platinum Card. Keep in mind, what appears to be a great deal today, might not be so great tomorrow or next month. It appears that many credit card companies enjoy being able to frequently change the rules regarding these offers. If you are going to be traveling abroad, make sure that you read the fine print carefully as some zero percent credit cards will charge extra fees that are not travel-friendly.
Zero Percent Credit Cards
Both of the above mentioned zero percent credit cards provide a 12 month period where no interest is charged for the first twelve months. In addition, each of these credit cards allow free balance transfers and neither one of the cards charge an annual fee. On top of the above mentioned benefits, both of these particular credit cards allow online access to be able to check your account as well as free bill payment. This is where the similarities between the two cards end.
For instance, the Citicard Platinum credit card goes up to as high as 11.24% interest after the first year and the Chase Platinum card goes up even higher, to a whopping 14.24%. In order to avoid paying such high interest fees, I suggest that you make sure that you have significantly reduced your credit card debt through zero percent credit cards before the interest-free period is over. In order to get a line of credit extended to you from Citicard, you must have an excellent credit score. However, with the Chase Platinum Card, you may be able to squeak by with just having a good credit score. It is ultimately up to the company on whether or not you get accepted for an offer.
Out of all of the zero percent credit cards that are available for consumers to take advantage of, Citicard Platinum and Chase Platinum are the only offers that provide coverage if your card is used for unauthorized purchases. Both of these zero percent credit cards offer a $0 liability on unauthorized purchases whereas most credit cards hold you to minimum charge of $50 to cover the unauthorized use of your credit card. The last thing you want to deal with is your credit card getting stolen and you being stuck with paying a fee in order to get rid of the unauthorized charges. Always read all of the fine print in order to be able to take the most advantage out of zero percent credit cards!
Tags: Best Zero Percent Credit Cards, Zero Percent Credit Card, Zero Percent Credit Cards