About 0 interest intro credit card offers: Several major credit card issuers offer 0 interest introductory rates, but to qualify you must have good to excellent credit, and in most cases you must maintain good credit even after you receive the card.
American Express, Chase, Discover, MasterCard and Visa 0 interest intro credit cards. These types of cards are generally unsecured platinum credit cards with high credit limits, and only people with good to excellent credit can get approved. High credit limit platinum credit cards require above average credit because of the issuer's financial risks. The credit card issuer evaluates their risk by reviewing your credit report to see if you have been paying obligations, including other credit card payments, on time.
Paying a 0% introductory rate on a credit card can be a super deal but you'll need to be careful. With 0 introductory credit card offers, what appears to be a great deal could turn sour.
You may apply for a zero percent deal and get a card with a higher teaser rate or no teaser rate at all, depending on your credit. No issuer is going to offer an introductory zero interest rate to someone who's maxed out on their cards or who's been late on several card payments.
Read all the fine print - several times. Is the 0 intro period for purchases or balance transfers or both? When does the introductory period end? What kind of interest rate will you pay then?
If the 0 interest teaser rate is on balance transfers only, avoid making any new purchases with the card. Issuers have a policy of applying payments to balances with the lowest interest rates first. You'd have to pay off the entire balance transfer before a single penny gets directed to any new purchases you've made with the card.
Be on the lookout for fees. Some cards charge you a fee for each and every balance you transfer to the card. Make your card payments on time, or even better, ahead of time.
And don't forget about your other cards. Paying late on other cards may void your new card's 0 intro rate. Read the Terms carefully.
