If you are in fact in the market for a no interest credit card there are some important facts that you must be aware of.
First and foremost, you will probably remember that it wasn't all that long ago that we saw 0% APR offers just about everywhere we looked.
They were introductory offers that lasted anywhere from 6 months to 12 months and were used by the banks to pick up new customers and to lure away existing customers from their competitors.
It almost seemed as though they were handing them out as if they were candy.
That's all over now.
This practice came back to bite the banks and financial institutions hard and continues to haunt them today.
The fact of the matter is that they were offering credit to consumers that have questionable to poor credit histories.
Offering credit to the subprime market nearly ruined some of largest banks in the United States.
Having said that, the good news is that if you do have a good to excellent credit rating then you will in fact be able to find a no interest credit card.
Of course when we say no interest we mean for an introductory period.
The length of that varies from issuer to issuer and card to card.
As of the publishing date of this article both Discover and Chase had several 0% APR offers available.
Some also come with a 0% APR balance transfer option which can be ideal for the consumer that currently carries a balance with a high interest rate.
The best way to find offers is by visiting a trusted comparison website.
There you will be able to conveniently do side-by-side comparisons of the various offers.
You can also quickly compare the benefits and features which will give you a good idea of which offer best suits your financial needs.
It is absolutely imperative that you also familiarize yourself with the terms and conditions of the offers that you are interested in.
It is a sad fact that many individuals fail to fully understand what the terms are before they apply for a no interest credit card.
This is a costly mistake because when the 0 percent APR introductory period ends they suddenly find that they are paying out quite a bit of money on interest.
The terms were there and spelled out all along, they just never took the time to read them.
Don't let this happen to you.