How to Qualify for 0% Interest Credit Cards

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By Mitestarossa
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A very good credit score is required for 0% interest credit cards.

Have you been wondering how to qualify for 0% interest credit cards? Qualifying for zero percent interest rate credit cards requires a very good credit score, research and a diligent consumer.

Difficulty: Easy

Instructions

Step 1

CHECK YOUR CREDIT SCORE AND REPORT - Find out what your credit score is and what your credit report says. 0% Interest rate credit cards require very good credit. You will want to qualify for more than one card so that you can keep any balances you may acquire on a zero percent interest rate card. You will need a credit report without any derogatory marks and a credit score that is around 700 or higher.
Step 2

RESEARCH - Search online for credit cards that offer the longest introductory 0% interest APR. Some cards offer only six months of zero interest, others offer up to a year. You most likely will not find any cards offering more than one year of zero percent interest rate on a credit card. You will only want to leave a balance on the card for the length of time that the interest rate is at 0%. Once it increases, you should pay off the balance or transfer the balance to another zero percent interest rate credit card.
Step 3

BE DILIGENT - Pay off your balances immediately after your interest rate goes up. Even if the interest is low, there is no need for you to pay the credit card companies more money. If you cannot afford to pay it off, you can transfer the balance to another 0% interest rate credit card.

Comments

kristara said

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on 7/15/2009 Great credit card info! 5*

Gardengates said

on 5/23/2009 I need to pay more attention to the interest rates. Even paying off regularly doesn't mean you can't accidentally miss a payment and get clobbered by high rates. Thanks.