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0 percent credit cards can be useful for handling your credit finances and alleviating the burden of credit card bills. This kind of credit card charges no interest on the balance, usually only during an introductory period of a number of months but sometimes offering it as a lifetime rate on the account. Since many 0 percent credit cards eventually revert to normal interest rates or have restrictions and conditions that can result in you paying normally, it is important to compare cards and make sure you are picking the one with the best rates and terms.
With 0 percent credit cards:
- You may get an initial term of 0 percent interest, after which normal rates are charged.
- Some only offer 0 percent on the balance, not on purchases; others cover purchases as well, so check closely on what you might have to pay for.
- Some companies offer lifetime 0 percent credit cards but these often have restrictive terms such as minimum monthly expenditures, which result in full normal rates being charged if you breach the conditions.
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