The term ‘free’ in context of credit card can mean 2 things. One is where the credit card company does not charge any subscription fee whether annual or joining, to use the card. The other that is used in the context of this article means interest free or with an APR of 0%.
There is a rising number of credit card providers on the UK, who provide introductory deals for a specified time period, in which you will get a 0% APR on either a balance transfer, or on your purchases, or at times on both.
This variety of cards is quite enticing and is easy to find. You should just devote time to search for it. With the highly competitive market prevalent in UK, many credit card providers in the UK offer lucrative 0% deals that are becoming commonplace. Unless you have no income because you are unemployed or a student or any other reason or have bad credit history, you can easily get credit cards with 0% deal.
To find a 0% credit card quicker, start by searching online. There are innumerable websites that deal exclusively in aiding applicants search for the right credit cards.
To start your search, it is better to go to general credit card websites that have an option of searching through various credit card deals. Here you have a golden chance of finding a 0% credit card deal that matches your requirements. Look carefully at the fact whether the selected credit card is 0% or not, but also find out the duration of this 0% period, whether the 0% covers purchases, balance transfers or both, and the rate of interest applicable once the 0% period is over.
But nowadays 0% credit card deals are getting bit more convoluted. You can get them easily, but now most of them include hidden charges that counter the benefit of 0% credit card. The steps taken by credit card companies consist of:
Lower credit limit
Lower interest free period
Balance transfer fee
After you have selected a card that you prefer, go to the credit card company’s website directly for more details, and then apply if you are still interested.