Zero percent credit cards can be of immense use to you and help you a great deal in solving your financial problems easily.
But you need to be careful while applying for such cards.
If you use such cards right they be a great source of interest free finance for you.
These cards are just similar to your regular credit cards.
You can use them for any purchases at your store, you can use them online and you can also use these cards to make expensive purchases to pay back later in monthly installments.
The only difference is you don't pay any interest on the principal amount for the specified period of time.
What you need to remember about these cards is that they are interest free only for certain specified period of time and they are not interest free for the life time.
This period generally lasts for about 9 to 12 months depending on the offer.
Once the introductory period is over you are charge interest on the card just like the regular cards.
It is very important that you are aware about the rate that will be charged on your card after the expiry of the introductory period.
While selecting the card you must consider two things: the period for which the card will remain interest free and the rate that will be charged after the introductory period is over.
It is always good strategy to return the card after the introductory period and close your account as generally the interest rate on such cards after the specified period is higher compare to other regular cards.
These cards are ideal if you want to make some expensive purchase and want to make the payment in installments.