Shopping for balance transfer offers?  Here are a couple of strategies that you should consider before you fill out that credit 0 balance transfer credit card application.  Firstly, zero interest credit cards are not really 0 APR. Secondly, an interest free credit card could, in the long run, cost you much more in terms of interest than if you had simply applied for a traditional credit card with a low interest rate and good terms. 

Let’s look  at how to properly evaluate each credit card application and pick the one that best suits your lifestyle.

0 APR Credit Cards

When searching for a 0 credit card offer, many consumers fail to carefully read the fine print.  More often than not, the terms and conditions limit the 0 APR to a few months.  Also, the terms and conditions usually level a surcharge of up to 5% on the [0 balance transfer, 0 APR balance transfer, 0 interest balance transfer, balance transfer].  So much for an no interest credit card offer.  Furthermore, interest will accumulate later if you carry a balance – often at a very high APR.

Naturally, this can cost you a lot of money if you are the type of consumer that carries a balance.  Therefore, you have to check the fine print, especially the APR, before you fill out that [0 balance transfer, 0 APR balance transfer, 0 interest balance transfer, balance transfer] offer. 

Rewards Credit Cards

My buddy loves to hunt and fish.  As a result, he carries a rewards card issued by a major outdoors outlet.

He uses his rewards charge card in order to qualify for special offers, discounts and other promotions.  These promotions, discount and vouchers allow him to get great deals on top name brand sporting goods equipment.  In fact, other retailers will also offer discounts and promotions when he shops with them.

All in all, because he does not carry a balance on his rewards card, the interest rate and other terms on the credit card are a non issue.

0 Interest Or Rewards? Which Is The Better Option??

Every credit card holder needs to consider all available credit card offers based on their own financial circumstances.  If you are not prone to carry a balance, and you can use the benefits offered by rewards visa card, then do not hesitate to fill out that rewards card application.

On the other hand, if you are trying to pay off debt, and intend to shift your balance after the interest free period expires, then you might be better off trying to find a 0 credit card offer that suits your desire to be debt free.

In the end, you are responsible for making the right choice.  So, caveat emptor, and choose wisely.  After all, it is your money.