Sat 28 Oct 2006
O Interest Credit Cards: What Do They Really Cost?
Posted by announcerx under General, Debt, Money, Credit, Credit Cards
A few years ago, the credit card companies began to offer low interest to try to entice customers away from competitors. We used to be happy with just getting a good rate and maybe a little kickback once a year. Now we are assailed with offers of 0 interest credit cards from every direction. It sounds like a really good deal, but is it really? Are the companies really giving you a zero interest loan of their money?
Credit card companies look at the zero interest hook as a way to get you to come on board as a client, the expense of the zero interest offer is simply a cost of doing business for them.If you take a closer look at these so-called 0 interest credit card offers they all have time limits and other factors built into them to help protect the credit card company. Find out what those factors are over at the Credit Card Info Zone