Advantages of A No Interest Credit Card
Sunday, October 25th, 2009 at
5:24 pm
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Typically, to qualify for a zero interest credit card, you have to have really good credit. But if you do meet the qualifications, you can save hundreds, or thousands, of dollars on your credit card payments.
A zero percent interest credit cards is especially good if it allows you to transfer some or all of debt from other interest bearing credit cards to them. For example, let’s say that currently you have a 00 balance on one of your credit card with an annual interest rate of 12 percent This means every; month you are paying approximately a month in interest to that credit card company. By transferring this debt to a card that charges no interest, you have basically saved yourself a month.
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