0% Credit Cards

The credit card is nothing new.  The little plastic is now in its golden years.  Its creation in 1951 as a collateral for favored bank clients evolved to its present stature as a status symbol of financial flexibility and handsome salary grade.  The growth of the credit card was jumpstarted by American Express seven years later in 1958.  When profits rolled in, other major banks came up with their versions and offered perks to stifle competition.  At that time then there was no 0 credit cards.

The credit card became the ubiquitous plastic you see swiped in malls, restaurants, and even in dead-end streets all over the world. Today’s credit cards have their distinct personalities—these show the pictures of the cardholder or display a distinctive design.  They come in a variety of colors and shapes.  If you go to a credit card museum (if there is such a thing) you may see the evolution of the credit cards earning hefty interest rates to the tricky 0 credit cards—that is if you are not well informed.  Here are the latest attractions of credit cards: 

• 0 credit cards and cards with 0 percent balance transfers
• cash rewards
• cash back
• discounts
• free air miles
• shopping online

The onslaught of 0 credit cards has widened the choices.  But people are wary of the 0 credit cards.  0 credit cards are the short-term cards you get for a specific loan without getting entangled in a maze of unnecessary interest charges. 0 credit cards offer a relief from spiraling credit card interest rates.

Understanding 0 Credit Cards

0 credit cards are also lined up to suit your needs.  There are 0 credit cards that will not charge you interest rates for 12 months for balance transfers or 0 percent interest on purchases as well.  If you use 0 credit cards for major purchases—something like $1000 you can still save more than $100 in interest fees over the year.   That is quite considerable savings.  0 credit cards serve like buffers against escalating interest rates.  Having the security of 0 credit cards today is considered a wise option.  With zero balance transfers it simply implies that within a specified period you need not pay balance transfer fees that can cost as much as 2 percent of the balance amount.  When before 0 credit cards did not attract the credit card generation, they are now the smartest options for many.  It will require you though to pay the credit before standard credit rates apply.  Using 0 credit cards will have you reining in your impulse buying.  With the APR kicks in, you have to shell out 15 percent of the interest rates.

The attraction of 0 credit cards lies in the 0 offerings.   Banks do have to earn money and cannot afford to keep the deal sweet for a long time.  When getting 0 credit cards, it best to be forewarned to be forearmed.  You have to assess your financial capability or risk bad credit scores.

Take a look at the 0 credit cards offerings:

• low APR – 0 percent APR on purchases up to 15 months
• low balance transfer – fixed APR as low as $4.99 percent for the duration of the balance
• free rewards – earn points
• no annual fees

0 credit cards have rewards like frequent flyer and cash back rewards.  These are also good for daily purchases and restaurant payments.

Applying for 0 Credit Cards Online 

Anybody can apply for a credit card.  Following some standard precautions, banks do not however just approve applications they have to give you the once over to determine if you are credit risk though. Before you get for a credit  take a look at the cards screaming for attention:  0 credit cards, prepaid credit cards, pretty cards, cash back cards, reward credit cards, charity cards, store cards, travellers cards, status value cards, and balance transfer cards.  Truly the list is extensive.  Carefully go over their features and get what is best for you.  Remember that you are still accountable for all shopping sprees you pay on credit.

Applying online will entail using the Google or Yahoo search engines to take you to credit card application sites.  The cards are categorized according to credit rating – excellent or good credit, bad or no credit, and student credit.  So wise up and choose the right card to hasten your approval.  Applying for 0 credit cards online is easy as there is a variety of 0 credit cards to choose from.

Here some of 0 credit cards you can check out:  Barclay Platinum M’/C Visa Intro, Virgin Money MasterCard, Barclay Platinum Visa Limited, and Egg Visa.  If you choose 0 credit cards at this point, you can transfer your balance to the new card without having to pay any interest rates—that is for a period of time.  To save on interest rates you have to pay a minimum amount towards the credit balance.

When choosing 0 credit cards, decide the rewards you wish to earn—cash back, travel, rewards on every purchase or rewards on gas.   Take note that there should be no interest applied during the interest free period.  If loans are taken out and paid with 0 credit cards during the interest free period—there will be substantial savings.  This will be a double whammy—just pay your credit on time before the axe falls.  Rule of thumb: pay regularly and on time and earn more rewards along the way. This applies to all credit cards including of course 0 credit cards.

There is an advantage of knowing your credit score prior to your application for a credit card online.  If you have no idea about your credit score, an online tool is available.  This will take about 15 minutes to complete. You can also opt for the self-select profiler and still view the appropriate credit cards that available.  So choose a credit card that will match your credit ratings. Oftentimes the short-term 0 credit cards offer a short-term reprieve. Should your credit card application be approved, you will be informed that your credit card will be delivered within 7 to 10 business days.  

Do not, however, think that just because your application is immediately approved in minutes (that is if you have a good credit score) you can flaunt your 0 credit cards in the neighbourhood grocery.  Again, it takes 7 to 10 business days before you can have it in your hand.  Still getting a credit card online is the better option than doing it the conventional way (including snail mail).