There’s no doubt that zero or low interest credit cards are enjoying huge popularity in the market. And why not! The chance to use your credit card and pay your bills with no interest charge is certainly an enticing offer.

Have you received an offer in your mail for a zero APR credit card? If yes, you may be thinking about signing up with that card. But before you do, consider the following pointers.

How long will the zero interest last?

Yes, the zero interest offer may be for real but how long will it last? Obviously, the 0% APR is not a permanent deal. Some credit cards offer 3 to 6 months introductory period while other cards may offer as long as 12 months to more than a year. Thus, it’s important to understand exactly how long you can enjoy the 0% APR on your card and how much the rate would be after that.

The rate of interest beyond the introductory period.

How much would the regular interest rate be after the introductory period? Signing up for a zero interest credit card without carefully examining the details is a risky move. It’s easy to get approved but in the end, you could be stuck with a card that has an even higher rate than your current credit cards.

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Low Interest Credit Cards – What’s All the Hype?