When thinking about free credit card offer it is necessary to research properly about the pros and cons of each offer. The reason behind this is there are tremendous amount of offers available which can be confusing to even the most credit savvy person.
Free credit card offers usually point towards an interest free credit card. You should look around and compare all the cards that are said to be interest free. Properly go through all the credit cards to find the one offering lowest interest rate. There are numerous credit cards offering zero percent interest rate but it is essential to find out when the introductory rate will end.
And you should also find out that what will be the interest rate after the duration of introductory rate ends. Some companies offers the time duration of three months for introductory rate while others may offer six month. A best credit card offers no interest for time duration of few months and it would be beneficial if this duration last for long.
When looking for free credit card offers you need to evaluate what will be the interest rate once the introductory rate is finished. This is because there are several cards whose interest rate rises up to 29 percent after the introductory time. And additionally if some balance is left to pay off then your monthly repayment would become double. Thus it is vital to know about the interest rate which will be applicable once the introductory period is over.
Free credit card can save you lots of money and they don’t have annual fee. These cards are beneficial if chosen wisely because a credit card with regular fees can add money on your outstanding balance. When you are working hard to pay off your debt than for sure you will not want to add up any additional fees to your balance. Thus nowadays several companies are providing zero balance transfer credit cards but while going for them it is necessary to prior check every term and condition properly. You should not just get lured by the promotions made by credit card companies. Instead you need to make proper judgment and then take any decision regarding credit card which suits all your needs.
Last but not the least you should always read the fine prints written because if you miss something necessary to know could get you in debt. So it is better to go through all the terms and condition and also clarify all your doubts before going for free credit card offers.