Would you like to grab 0% intorductory rate of a credit card or rather choose fixed rate? Why.?

Question

These are offers from credit card companies through mail.

Answer 1

hello check these links, then decide what you want to do, they might even get you to change your mind!
see the FAQ on the first link down but really there's plenty of advice throughout if you have time to read:
http://credit-cards.ebookorama.com
http://finance.ebookorama.com
http://credit.ebookorama.com
http://credit-repair.ebookorama.com
good luck!
if it helps please remember me cheers

Answer 2

You ought to pay off the balance each month anyway, otherwise, it sneaks up on you really quick. As far as a fixed rate, it might look fixed, but it probably isn't. If you read the fine print, there is probably a provision that if you are late on a single payment, the rate will go up. And being late can mean simply that the company does not receive the payment by their specified date because the post office is slow. I would be leary of falling into the trap of believing that the fixed rate is really fixed. Also, consider what the rate of the credit card goes up to after the introductory period. If it's not much higher and you don't keep a big balance, it won't make too much difference.

Answer 3

Depends on whether you have the ability to stay on top of your credit cards. Having a 0% card is great if you can remember to transfer the account to another 0% card before the rate changes. Also be aware that there are fees for transfering which might offset any savings you might receive. Always ask the new company if they will waive the transfer fees before you sign up. Credit is like fire, it can be the most useful tool you can have, or it can burn your house down.