Credit cards are issued by banks and financial institutions. Credit cards are issued in enormous types. A person can choose a credit card according to his need and requirement.
Zero % interest card is one such feature.
Normally people avoid using credit card because of high rate of interest charged. So to help the consumer's banks and financial companies came out with an idea of Zero % interest credit cards.
These cards are issued by various banks n financial institutions such as Citi zero % interest Credit card, Discover 0 % Interest credit Card, American Express 0 % interest credit Card, Visa zero % interest credit card.
One should check the terms and conditions of the card, as the rate of the interest does not always remain zero %, this may be just an introductory offer for a specified time period only. After the expiry of the specified time period the consumer is charged with rate of interest. The other name for these types of credit can be zero % APR
For the approval of 0 % interest credit card one must have a good credit. These cards are beneficial for large purchases. It provides opportunity to save money.
CITI Platinum Select Master Card:It offers No annual fee,0 % APR on balance transfers and purchases for up to 12 months, based upon credit history and your application and then after as low as 10.99%.
MBNA Platinum plus Card:It offers 0% interest for 13 months on cash transfers into your account made in first 90 days (4% handling fee applies),0% interest for 13 months on balance transfer made in first 90 days (2.9 % handling fee applies)and 0% interest on card purchases for 3 months.