Looking for a credit card with 0% interest rates is like looking for a needle and hay stack. You might have thought that such cards exists and even read some advertisements to that effect but the fact is that no such cards exist.

The market does offer some card with 0% interest cards but all of them are only for the introductory period of some months and after the lapse of the introductory period the interest rates are pretty high. So when you start your hunt for 0% credit cards remember that there is no such offer for lifetime.

As an average consumer, a credit card that offers 0% interest rate is too good to be true and so as a rule there must be something off. You must consider the fact that the companies offer you credit card to make some profit themselves and thus offering 0% credit cards defies all business logic.

Since these cards appeal to a lot of the consumers, such 0% cards have been introduced by each and every large company and a lot of consumers have jumped at the offer as they feel like this is the card they have been waiting for. Many of them realize afterward that they made a hasty decision and after the introductory period wore off, they had to pay huge amounts of money as interest.

If you still feel that 0% credit cards are the right option for you, keep in mind that the credit card companies that offer such deals do not give away the cards so easily. The qualification criteria for these cards are tough and the company does a lot of background checks before they allow you to purchase a 0 % interest based card even if for an introductory period.

The foremost requirement for 0% interest cards is that you have a good credit history. If you have gone into a lot of debts in the past and have failed to make credit card payments on time, you will fail to qualify for the card. However having a good credit history alone is also not enough for you to get the card as you cannot know what they base their decision on, so it might end up to be a wild goose chase.

Jumping from one credit card to another to avail the introductory period is not something that goes unnoticed by the credit card companies as they know every step of the business. The company disqualifies you from getting a credit card if you make such a habit and they look into your finances to make sure that you will be able to make the payments on time.

Thus qualifying for the 0% credit cards deals is not an easy task. If you do qualify, make sure you find pout the expiry date of the introductory period and the rate applies to transfers as well as purchases. 0% credit cards have a lot of risks involved but there are many benefits as well. Choose wisely and you might gain a lot of benefit by purchasing a 0% interest rate credit card.

Author Bio: If you want to know more information on 0% credit cards, please visit; http://best0creditcards.org/

Category: Finances
Keywords: 0% credit cards