Best Interest Free Credit Cards

Credit cards are an easy way to gain access of money you don’t have at the moment. It’s like magic, one swipe and the item is yours! The problem is, right after we purchase that item, we are suddenly hit with a huge surprise. The bills coming in month after month. All of a sudden, your calculations are wrong, and you realize you’re paying so much more for an item you never really needed in the first place.

When buying things off credit, the first thing you have to remember is never to acquire something if you know you can’t pay for it within the month or within the next month. If you’re thinking about doing installments until you’re all paid off, this is just one way to dig yourself into a hole of debt, especially when interest rates are high. However, there is one thing that can break this rule. What if your card didn’t charge interest, and in fact, your initial calculations were actually quite accurate?

An interest free card? It all sounds too good to be true. But indeed, it does exist. As a way to entice consumers to apply for a card with them, banking and credit card institutions have come up with the perfect way to get you on their hook. Yes, that’s right, interest free cards. But of course, this doesn’t last for the rest of the time you’re going to use your card. The interest free period does come with a deadline. Some cards can give you six months, others can give you fifteen, and still others, eighteen. After that, it’s back to the regular rates. But still, if you’re planning to purchase a certain something you can’t afford just right now, then having an interest free card just might be the solution.

Here are the Best Interest Free Credit Cards for you:

Best Interest Free Credit Cards





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These cards are probably sent from heaven above to help you get that item you need. These cards can also help you get out of debt quick if you just know how to use them right. But just like anything that sounds good, you also need to check just how much your interest rate will be after the promotional period. Making sure the rate is reasonable in the future can save you headaches and worries if you still have installments to pay for. And despite the interest free allure, being wise with purchasing items will always work for your advantage.


Best Low Interest Credit Cards 2011

When dealing with money and finances, one thing we’re all too familiar with are interest rates. Savings accounts, certificates of deposits and money markets will have us jump for joy when the interest rates are high, but when it comes to credit cards, interest is best left low.

After all, why do so many people get into credit card debt? Aside from the all too familiar reason of charging more than they can afford, credit card interest rates also play a crucial role. Most of us are just too loose when it comes to choosing the best credit cards. When a new card comes in the mail that tells us that we can immediately start charging, our eyes light up like a child with a new puppy. We don’t even bother to check what happens should we default on payments. It only comes as a shock once we’ve “forgotten” to pay the full amount, only to see the sky-high monthly interest that’s charged. Ouch.

So instead of accepting just whatever that comes in the mail, be sure to check how much interest that card will charge you should you default on payment. If you see something that doesn’t look too agreeable, don’t hesitate to go and chuck it out the window. After all, there are loads of other cards out there that can give you the low interest that you deserve.

Here are some of the best low interest credit cards 2011 can offer:

Best Low Interest Credit Cards 2011





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And one more thing, there are a lot of credit cards that promote 0 interest APYs. This can certainly be a good thing especially if the introductory period is long enough. But what happens after that? Be sure to check the real interest rates that comes after the introductory period.

The next time you shop for a credit card, don’t be lured just by the introductory APR. Take note of what lies after that and choose a card with a low interest rate to save you from heavy increases in interest penalties.