Help Please: Credit Card Interest

**Duffy** · 11-14-2008, 09:17 AM

Hello. I'm new here and still trying to find my way around. Not sure if I am posting on the correct place; but here goes:

I notice that many members indicate C.C.'s with 0% interest. Would someone please tell me how that is accomplished and/or point me to sourcing that info?

My time for researching is limited; and I'd prefer to just cut-to-the-chase.

Thank you in advance. I shall continue reading here, exploring the amazing site I just stumbled-onto.

**Russ** · 11-14-2008, 09:22 AM

Most of those 0% rates are intro rates to get you to switch cards.

**Wendy99** · 11-14-2008, 10:04 AM

I have no idea where you would get one of those, but I would assume too that that is the bait to get you to switch and that after a period of time your interest rate would soar ... all I can say is read the small print, then read the small print again - carefully!

**Squirt** · 11-14-2008, 10:20 AM

Yes, you get offers in the mail for cards with a 0% introductory rate on balance transfers, which are usually good for 6 months to a year. Some have a transfer fee involved, some do not. It states on the card agreement what the interest rate for purchases is; this is also what your interest rate will become if you still have a balance on your 0% transfer when the time is up. It is a big bonus when you are trying to escape the credit card debt cycle, and while paying any kind of interest is bad, the rates aren't any more exorbitant than a card which does not start out at 0%.

**Greebo** · 11-14-2008, 10:27 AM

Try this list

**Duffy** · 11-14-2008, 10:51 AM

Thank you so much !!! I am always alert to intro-offers, and have taken advantage of some that have low-rates until paid-off....even one at 0%. Love those. We have good credit-rating; but as the economy is souring...I notice our rates keep inching-up; and I'm hearing that C.C. companies are gonna really stick-it-to even their good customers. I will check-out the link, thanks.

Our family doesn't 'fit' any niche I've noted here, so far. We are self-employed and use our C.C's for business-expenses; capital investment, etc...not consumer-spending. We choose C.C.'s largely because we can run our own business without having to get 'permission (!)' from a banker every time we need to buy equipment, supplies, etc. We are autonomous enough to believe that we know more about running-our-business than does a pencil-neck banker. LOL

I've likely given you too-much-information. I'm rather 'good' at that. LOL