UK credit card issuers are becoming more
competitive in their quest for your business by offering introductory 0%
interest free periods in order to tempt you to transfer your
balance on an existing card.
A number of cards now offer newcomers a period of zero interest on
balances carried over from other cards and some offer 0% introductory
rates for purchases.
If you have an outstanding balance you could benefit from moving your
debt to a card with a 0% introductory rate.
If you want to use the card at the same time as transferring an old
balance to it, then apply for a card that offers the same introductory
rate for both balance transfers and new purchases.
Most of the interest free periods are for six months, but long term
borrowers with a reasonable credit history can avoid higher interest
rates when the intro period expires by switching the outstanding debt
to another 0% card.
By choosing the right card, you can benefit from the convenience of
buying goods and services with a credit card, without incurring any
interest charges for six months or more.
If your credit card has reached or is near to the limit, why not pay
back the balance over the next six months interest free!