ArticlesReader.com Menu
Newest Articles
Most Viewed Articles
ArticlesReader.com RSS
Submit Article
Login
Signup
Search the articles

Articles Main Categories
Advice
Animals
Automobiles
Business
Career
Communications
Computer Programming
Computers
Entertainment
Environment
Family
Fashion
Finance
Food
Health & Medical
Home & Garden
Humor
Internet Business
Internet Marketing
Legal
Leisure & Recreation
Marketing
Other
Politics
Reference & Education
Religion
Self Improvement
Sports
Technology & Science
Travel
Writing
Subscribe
Receive alert message from us when new articles submitted to our site for free.

Enter your name

Enter your email

Syndicate

















Related Products
Home::All

0% Credit Cards

Author : Neil Brown
These days, http://www.credit-cards-uk.eu.com>credit cards in the UK are competing with each other on two very attractive offers with a headline rate of 0%. These 0% credit cards will be either balance transfers; introductory purchases offers or a combination of the two. This article looks at how to get the best out these types of card and the things to that the credit card companies want you to do and therefore the things to avoid. There is a school of thought that believes that these types of card will soon be a thing of the past as they cost the credit card companies too much profit, as consumers get wiser to the pitfalls.

A http://www.credit-cards-uk.eu.com/BalanceTransfers.html>balance transfer credit card is basically an offer of either a zero interest rate or very low interest rate for a set period. The typical period is 6 months although there are variations on this and there have even been some low rates set for the lifetime of the balance. However, these are becoming rare. Once, the offer period expires then the outstanding balance reverts to the standard rate on purchases. This is very important, as at this point the credit card company will hope the consumer will not take any action and so the company can begin to earn money on the balance.

A http://www.credit-cards-uk.eu.com/0CreditCards.html>0% purchase offer credit card has many similarities to the balance transfer offers. The introductory rate and period are usually 0% and 6 months in the same way as the balance transfer. Also, once the period expires the outstanding balance is subject to the standard rate on purchases. It is an important point to note that the introductory rate does not apply indefinitely on purchases made in the period, but only applies for the duration of the introductory period.

It is often the case that credit card companies will offer both the balance transfer and 0% on purchases on the same card. When this is not the case it is wise to keep balance transfers and purchases separate. This is because the balance transfer portion of an outstanding balance will be paid off quicker than the standard rate purchases. Therefore an increasing portion of the balance will be subject to the standard rate and the balance transfer portion will decrease at a faster rate. There is nothing to stop a consumer obtaining a credit card with a balance transfer and a separate low interest credit card for any purchases to be made. That way the benefits of the offers are maximised.

In summary the balance transfer and 0% purchase offers can be of great benefit to the consumer provided that the consumer understands how to use the offers to their advantage. A degree of discipline is required in managing repayments. Also, the cardholder should be aware of any penalties that may cause the offer to be cancelled. Armed with this knowledge then these cards can be made to work for the consumer, but remember that when http://www.credit-cards-uk.eu.com/ComparingCreditCards.html>comparing credit cards to pay close attention to the typical APR, which is, always stated where UK credit cards are promoted.

About the Author

Neil Brown has contributed to many financial sites including http://www.business-finance-review.co.uk>business banking and http://www.cheaperborrowing.co.uk>personal loans.

Spam emails More free articles

Related articles


  1. Don’t Play Debit Roulette
  2. The Synergistic Organization of Unique People (S.O.U.P) Model
  3. Making Money Online
  4. Microsoft Great Plains Technical Support : Typical Questions and Answers
  5. Making Your Purpose Your Business Step #3- Organizing Your Resources & Collections
  6. Making Your Purpose Your Business Step #1 - Discovering Your Purpose
  7. The Top Ten Ways To Avoid Failing In Your Business
  8. Teaching The Big Boys To Think Small
  9. Don't Be Afraid To Give Problem Customers The Boot
  10. What's In A Name? When It Comes To Your Business, Plenty!
  11. How Good Is Your Big Idea
  12. To Go Or No Go, That Is The Question
  13. Is Brick And Mortar A Passing Fad?
  14. What Is Affiliate Marketing?
  15. Fire Your Inner Brat!
  16. How To Run A Successful Fundraiser
  17. Understanding the Power of Your Power Network
  18. Leads, Referrals and Recommendations Defined
  19. Your Content for Nothing and Your Clicks for Free
  20. The Qualities of A Professional
  21. The Management Team Section of the Business Plan – Don't Just Include Resumes
  22. Six Sigma Tools for Process Control
  23. Find the Right Coach: 8 Guidelines for Executives
  24. Tales from the Corporate Frontlines: The Worth of Health Insurance
  25. Little Known Pitfalls of Traditional Publishing Industry
More related feeds
0 Credit Card resource explained
Many people are offered all types of credit cards and one of them is the 0 credit cards, these are different than other credit cards because of the advantages they have over other cards. Creditcards 0 mean there will not be any interest ...

WaMu Online CD Offer for Balance Transfer Arbitrage
0% Balance Transfer Credit Cards » Using 0% Balance Transfers to Dig Yourself Out of Debt » How to Make Money With 0% Balance Transfers » 0% Balance Transfer Guide » The Three Best Credit Cards » 0% Balance Transfer for 15 Months from ...

Financial Yellow Pages
Take advantage of a business credit card that gives you the best of both worlds - keeping personal and business expenses separate, whilst benefiting from a longer repayment period. 0% pa* on card purchases for a full 5 months 15.9% pa ...

Shopping for The Best Credit Card Deals
Also, if you have balances on other credit cards that are charging interest, a card that offers 0% interest on balances transfers may be the choice for you. Or choose a card that offers reward points - your next vacation could be free! ...

Shopping for The Best Credit Card Deals
Beyond that, you might want to choose a card that offers reward points or, if you have balances on other credit cards that are charging interest, a card that offers 0% interest on balances transfers may be the choice for you. ...

MLB: Milwaukee 1, San Diego 0
Milwaukee -- Ben Sheets hurled a complete-game five-hit shutout and Prince Fielder knocked in the only run Saturday in the Milwaukee Brewers' 1-0 win over San Diego. Story:. Sheets (13-7) walked one batter, fanned seven, ...

COL FB: Kansas 29, Louisiana Tech 0
Daymond Patterson caught eight passes for 130 yards and two touchdowns and Dezmon Briscoe had seven catches for 146 yards and a TD for the Jayhawks (2-0), who won their 11th consecutive home game. Angus Quigley was Kansas' leading ...

MLB: Houston 2, Colorado 0
Denver -- Roy Oswalt hurled a complete-game one-hit shutout Saturday, leading the Houston Astros to a 2-0 victory against the Colorado Rockies. Story:. The game's only runs scored in the top of the sixth inning on Hunter Pence's two-run ...

MLS: Columbus 4, New England 0
Columbus, Ohio -- Guillermo Barros Schelotto had a goal and two assists Saturday when the Columbus Crew beat New England 4-0 to extend their lead atop the MLS Western Conference. Story:. The Crew (12-6-4) won its fourth straight, ...

Balance Transfer Credit Card resource
Many of these transfer balance credit cards offer a 0 percent interest for a specific amount of time when there is a balance transfer to a card. This can mean a difference of paying a large amount of interest or choosing one of these ...

 


 

© 2007 articlesreader.com - All Rights Reserved