Zero Percent Credit Cards

In the right, responsible hands, a credit card is one of the most powerful financial tools that will help you maximize your money and enjoy your life. If the hands are clueless and over-indulgent, credit cards are the ticket straight into financial hell.

Are you afraid to get the fabled plastic, because of all the horror stories you have heard? Are you already spiraling into uncontrollable debt? Believe it or not, there is a way to get you to use credit cards without so many finance charges and fees. Through the use of zero percent credit cards, you will be able to pay off bigger purchases without worrying about overdue fees.

Here are step by step instructions on how to use zero percent credit cards to improve your life, and even get out of debt.

Zero Percent Credit Cards: how to get one

Banks charge exorbitant overdue and overdraft fees - this is a fact. This is how banks earn a lot of money. In an effort to get more people using credit cards, the zero percent variant has come out. It is strange product for banks to offer, as they are missing out on their own revenues. Here we need to study the upsides and downfalls you are exposing yourself to when you are interested in these friendly financial tools.

• You must have good credit. It is impossible to get one without this. Be warned: anything below 700 and you won't even be considered for one.
• Only go for those with zero balance transfer fees. This is a must.
• Before you take in any of these cards, make sure you do the math. You have to analise the trust cost of ownership by simulating a large purchase such as some furniture
• Get the longest zero percent period that you can. Some have over 3 years of zero interest purchases. They are fighting for your business, be patient when searching.

Zero Percent Credit Cards: Balance Transfers

Balance transfers are the secret of effectively buying stuff without paying for interest. Again, you must be careful and calculate this properly otherwise you will be getting into trouble in no time.
The only way this is possible is if you have good enough credit and do a balance transfer to another card with some months of interest free purchases that include balance transfers. So, for example: if you want to buy some furniture worth 5 thousand bucks and you do not have a credit card available. Get your card that you never used with zero balance transfer fees and 12 months of interest free purchases and transfer the balance of your purchase to it. Boom, you just saved yourself as much as 1000 dollars.

• Look out for points too. These can be very useful.
• Before buying anything, look for coupons online. You can save as much as 10-30% on stuff you thought was cheap already...
  and the sales person won't tell you about such discounts.
• Zero fees on balance transfers is a must if you want to take advantage of these cards by shuffing debt around.
• You can take control of debt from a previous high interest credit card by doing a balance transfer. You would not believe the amount due that snowballs in some high interest credit cards. It may even feel absolutely impossible to pay off such debts! However, you have to be aware that there are opportunities that will let you transfer this debt balance to another card. Take advantage of the zero percent APR and plan out your debt repayment plan in a much calmer manner.

Zero Percent Credit Cards: How to Use one

The secret here is to make sure that you get a card or two right away, and read the fine print to make sure you get plenty of zero percent financing combined with zero balance transfer fees that won't expire. Then you keep on getting new cards to extend the payments to within your means so you enjoy not paying interest on purchases. In other words, you can beat the system but only if you are smart.

• Only use them to shuffle debt around, so it means that one of these cards is useless. You must be always on the look out for new deals and shuffle debt from one to another.
• Remember that zero fee balance transfer is a must.
• Do not use this if you have no means to have a stable way to pay the entire debt off once it comes to you. If you do, you just got yourself into the dirty world of debt and you will be there for a few years.

Zero Percent Credit Cards: The True Cost

The fact is that most people aren't using zero percent credit cards the right away and are getting into the dream world of paying minimum balances until they are giving their hard earned money away to banks and their bosses' bonuses. So, if you want to make sure you have some financial health while using cards, here is how it is done:

• Always do calculated purchases. This is not for random "pay the minimum balance" purchases. Promise yourself not to do this or else be in financial trouble.
• Interest rates can climb quickly from zero to 20% depending on the card and the situation.
• Read reviews on specific cards. This is a must.
• Do not play with excess. This is only so you can purchase stuff you can already afford, but the difference is that you won't pay interest. Got it?
• The Zero Percent APR usually lasts for a promotional introductory period. Some cards may parade themselves to be zero percent forever as long as you are a customer, but watch out for those you are simply in the game to be able to get some clueless shoppers.If you are planning a big and important purchase, consider planning out your repayment schedule through availing of a zero percent credit card.
• Remember to pay back the debt, even if there is no fee. It is tempting to allow the money due inside the account to snowball into a lot of expenses, since the layer of other charges won’t be there. Don’t get fooled by this set-up and make sure to keep off the debt as much as possible.

Zero percent credit cards are not common but they can become important financial tools in restructuring your finances and managing your life!