Credit cards are one of the available credit line loans. You can easily use them for purchasing goods and services. If you have encountered 0% purchase credit cards, you might think that this is too good to be true.
How do 0% purchase credit cards work?
This type of credit card offers a free interest period. This means that all the purchases are free of interest, for a specific time. The interest-free period depends on your card type. For some, it can be one month, while for others it can extend up to 30 months. If you plan to pay off your purchase before the indicated period, you don’t have to pay the interest. This is very helpful when you have large purchases and can pay off the money in a specific period.
However, it would be best if you were careful with these types of cards. In which cases, it is an excellent decision to use 0% purchase credit cards? Find out by clicking here.