0% credit cards - take a break from interest payments
February 22, 2010 on 7:47 pm | By admin | In Home0% credit cards have grown increasingly popular in recent years for consumers who want to take a break from paying in interest on their credit card balance. They can be especially useful if you’re transferring the balance from an existing credit card - the interest-free period lasts up to 16 months depending on the card, and during that time the savings can be substantial.
It’s a good idea to plough those savings into bringing your balance down as much as possible, as this will lower your repayments in the future. If you’re organised and good at planning ahead, you can even switch from one 0% interest card to another as the interest-free period runs out to enjoy further savings.