Low introductory interest rates, 0% interest on balance transfers, and the availability of interest-free days are all tools credit card companies use to attract new users. If you’re comparing credit cards, you should also evaluate the regular interest rates for each card you’re considering (which includes the regular purchase interest rate, cash advance interest rate, and what interest rate will apply to any balance transfers after the introductory period).

Why are regular interest rates so important? Your spending habits or credit needs may change in the future, and a low interest rate credit card (like the St. George Vertigo credit card) can help you avoid unnecessary debt.
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What could be more appealing as a consumer than increased purchasing power and the ability to pay for a large ticket item over time without paying interest? Not much. With credit cards regularly advertising 0% interest rates or interest free days, you may feel tempted to apply whenever an offer like that is presented to you. Before you do though, review these three tips that will help you know exactly what you’re signing on for.
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If there is one thing people hate about credit cards, it’s their often-high interest rates. With that in mind, what could be better than a no-interest credit card? Borrow money with a 0% interest credit card, and only pay back what you spend. The advertisements for such cards can be irresistible.

Before you run to apply for a 0% interest credit card though, you should know a few important things: read more..