0% interest on Credit card?

I need a credit card that has 0% interest rates for a few months to pay of some debt. Which do you think is the best one and these cards normally have any hidden costs? Im in the UK.

0% interest on Credit card?

They ALL have hidden costs. It costs them 6% to lend you the money!

The worst cost is the initial %26#039;Balance transfer%26#039; charge - these days around 3%. Most are %26#039;uncapped%26#039; - i.e. there%26#039;s no limit. Try and find a capped fee - typically around 鎷?5. Also, if you%26#039;re transferring it to you bank account, expect another fee of around the same amount bu that will never be limited to a cap. In other words, it%26#039;s not free!

Interest will be charged on the fee, there%26#039;s no way around that.

The best place to look is moneysavingsexpert.com - unbiased information and no charges or commission paid. The chap who runs it is widely loathed by the credit card companies.

Other sites such as moneysupermarket.com claim to find the best deals - they%26#039;re the best deals for Moneysupermarket.com though, not you; Moneysupermarket get commission.

Whatever you do, don%26#039;t spend a penny on the card if you get one, cut it up as soon as you%26#039;ve had your balance transfer.

To be honest, as it%26#039;s going to cost you around 6% anyway, your best bet is to get a loan with a short fixed-term repayment plan. If you can%26#039;t afford high repayments, get a longer-term loan with lower payments and pay it off when you can. What with all the hidden charges and interest with credit cards, a loan usually works out cheaper than a %26#039;0%%26#039; deal on a credit card.

Also, you say you%26#039;re going to pay it back. I work for a credit card company and more than 50% of people don%26#039;t repay by the time their interest rate goes up to 20%+. All of them meant to repay it (or they%26#039;d have taken out a loan), but circumstances mean that most don%26#039;t.

0% interest on Credit card?

Go for HSBC Credit Card: Some of the well known HSBC credit cards are: HSBC Platinum MasterCard, HSBC Cash Back Rewards MasterCard, HSBC Cash or Fly Rewards MasterCard etc. The primary benefit of these cards is the 0% introductory Annual Percentage Rate on purchases and balance transfer from 6-12 months, right from the day the account is opened. All these cards offer online account management services.

http://www.complete-debt-info.com/catego...

0% interest on Credit card?

I can%26#039;t say which is best, but I can comment on some of the common catches:

Catch #1: Cash Advance Fee

The 0% is only on balance transfers, and they charge a 2-5% cash advance fee on that. When you annualize it over 3 months, that%26#039;s the same as paying a 6-20% interest rate. Only take it if the cash advance is free, or if it is worth it when considered over the term of the 0% offer.

Catch #2: Payments applied to 0% rate before purchases.

Okay, you take out the card and get 0% for 6 months on your balance transfer/cash advance. Now, you use the card to buy a sweater. This dings you several ways:

1) You don%26#039;t get a grace period because you have a balance on the card. You pay interest on the purchase immediately.

2) When you make a payment, they apply it to the 0% cash advance. They won%26#039;t apply it to the purchase you are paying 19% on until you completely pay off your promotional cash advance.

That means, if you do this, don%26#039;t touch the card after you have received your 0% balance transfer/advance. If you do, they will screw you.

Catch #3: Default and Universal default rate

Some credit cards have universal default policies. This means that if you are late on a payment, even on a DIFFERENT debt (not the credit card), they can change that 0% interest rate into a 33% interest rate. OUCH! Don%26#039;t take a card with a universal default policy, because if you make a mistake on ANY of your debt, it will be painful.

Before taking a 0% offer, watch out for those three catches.

--%26gt;Adam

0% interest on Credit card?

have you checked Nhbs, Inc?