The Good and Bad of Zero-Interest Credit Cards
The Good and Bad of Zero-Interest Credit Cards
The offer of a zero-interest credit card can look enticing when it arrives in the mail. Who doesn’t want to avoid paying interest on credit card charges?
As with most things in life, there are pros and cons to using 0-percent credit cards. Here are some facts to consider before you respond to that offer:
Balance transfers: The 0-percent interest offer is a smart way to transfer balances from one card to another. Moving a high balance from a high-interest card to a zero-interest one can save you thousands of dollars.
Check the introductory period: Zero percent interest is only available for a certain amount of time, usually from six to …