Related Credit Card Article

"Consumers advised to use interest free credit cards this summer"

By Reno | May 27th, 2010 | General

There are many different credit cards that consumers can use these days, and the choice of cards caters for a wide range of needs and circumstances. With summer just around the corner many people may be looking at using their credit cards to fund their holiday spending or to finance keeping the kids entertained over the summer holiday.

Those that are planning to make purchases on their credit card this summer are being advised to look for a good deal on a 0 percent credit card, where they can spread the repayments on their purchases over a lengthy period without having to pay any interest, which for many people could save them a small fortune.

The range of 0 percent purchase credit cards on the market means that the repayment periods and eligibility requirements can vary, so consumers that want to be able to take out one of these cards will need to conduct some research and ensure that the card they choose is one that they are eligible for and one that offers a generous enough repayment period. The number of providers now offering these interest free credit cards has also increased over recent months.

Industry officials have said that the summer, which is when families typically take holidays and have to entertain their kids during the holiday, can be a costly time, especially in the current financial climate. However, a 0 percent purchase credit card could help to ease the financial pressure for many families.

One personal finance official stated: “One way to ease the pressure is to take out a card that charges no interest on purchases. A year ago, there were scarcely any cards offering 0% for more than three months, but now the situation is easing.”

Tags: finance, interest rates, Credit Cards, 0 percent

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