The best 0 interest credit cards for you will depend on your circumstances. There are many choices of credit cards out there, many offering naught percent interest for a certain period.
Understanding the Different Credit Cards Available
The most suitable credit card for you depends on what you want out of the card. For instance, if you have a poor credit rating and want to rebuild your credit file you might want to check out credit building credit cards. You might even be able to get 0 percent interest on the card.
If your credit rating is in good standing, you will get to choose from the lowest interest rates along with 0% interest for a set period and some of the best deals on the market.
If you want to be able to send money from your credit card directly to your bank account, the money transfer credit card might be the best option. Get one with a zero percent interest rate and you have the best of both worlds, no interest for a set period and easy access to cash.
What Does the Zero Percent Mean?
Any of the above credit cards might also be offered with 0% interest. The important thing to remember is that the zero percent interest is only for a certain length of time. It does not mean that you will never have to pay interest. The only way, after the introductory offer, to not pay interest on a credit card is if you pay the balance up at the end of each month.
Here at Bonsai Finance, we work with lenders offering a range of credit cards for those with good or bad credit ratings. The lenders we work with offer competitive rates, which you can compare to get the best credit card for your needs. The zero percent interest introductory offers will vary between lenders but is typically around 3 to 6 months.
During this time, you do have not to pay interest on the amount you spend on the credit card. Any money paid back each month on the credit card comes off the amount you have borrowed. After the end of the zero percent interest rate, the lender’s interest rate is added onto the balance you owe each month. Considering this, you might say the best 0 interest credit cards are the ones offering a longer zero percent.
A credit card with zero percent interest can come in very handy to pay off debts. You could use the card to make a purchase in a sale and not pay any interest providing you can pay off the card within the free interest period. It could pay for a holiday, again without adding interest costs if you can pay it up in the free interest period.
Even if you already have a credit card, it can pay to switch to a credit card with zero percent with a balance transfer, providing you can pay off the card within the zero interest period. If so, this can save you a huge sum of money in interest.
Finding the Best 0 Interest Credit Cards
Some of the best deals on zero percent interest credit cards can be found with our help. Anyone who has a poor credit rating might think they will be turned down for a credit card, yet alone one with a zero percent deal. This may not be the case as we work with many lenders who specialise in offering credit cards to people with less than perfect credit ratings.
Providing you live in the UK, have a bank account in the UK with a debit card attached to it and have a regular income coming in, the lenders we work with will consider your application. Applying for the best 0 interest credit cards is quick and easy why not apply today?