Today’s lifestyle requires that most consumers use a credit card to make purchases on the Internet, rent a hotel, airline, or car, as well as make budget purchases that may not be possible in cash. Before applying for a credit card, it is recommended that you familiarize yourself with many special credit card shopping offers.
One of the most attractive offers is the 0% rate on purchases for a limited period of time. This period can vary from six months to fifteen months and is sometimes applied to transfers to other credit cards made at the time of application. This offer is an excellent choice for a planned purchase, which can be fully repaid within a fixed period of 0%, creating an interest-free loan. However, this offer may have a higher interest rate after the introductory period, and this should be taken into account. But for a consumer who usually has a balance on his card, this offer immediately costs less than interest and can be significant savings.
A special long-term offer, which can be a good choice, is a reward program that allows you to earn points depending on the amount indicated on your card. These points can take the form of cash, gifts, discounts on household items, shopping for gas, hotel accommodation, or plane tickets. If you usually use a credit card for everyday shopping and pay the balance monthly, this can be real long-term savings.
No matter how attractive the special offer on a credit card, it is important to read the entire fine print to avoid any subsequent problems due to unforeseen expenses. Some cards charge an annual fee only for receiving a card, but sometimes they refuse this fee on-demand, especially for a borrower who usually maintains an outstanding balance, thus paying monthly interest.
Special credit cards shopping offers can be a great tool for consumers if used wisely. If you have outstanding balances on one or more cards, balance transfer offers can help you combine them into a single monthly payment and, as a rule, save you long-term interest.