Friday, May 23, 2008

Interest free credit cards

Independent and impartial comparison

uSwitch.com is independent and impartial, so your results will show you the best cards for you, not us. We compare all UK credit cards with information that is updated daily – including those that offer interest free periods; so you can rest assured your results are comprehensive and accurate.
How to free yourself from interest

The best way to avoid paying interest on your credit card is to pay your bills on time. Credit cards all come with an interest free period on purchases. So, if you go on a shopping spree, you won’t start paying interest on your debt until about 40 to 60 days after your purchase.

The interest free period differs for each credit card company, but you will be able to see these in your results when you compare cards on uSwitch.com.
Get an introductory interest free credit card

Some credit cards offer interest free introductory periods on purchases as a way to entice new customers. You may get up to one year at 0% interest. But, then of course, after the introduction you will have to start paying interest. So, make sure you check out the standard interest rate too.
Transfer your balance to an interest free card

If you want to move an existing balance you can take advantage of 0% introductory rates, though remember to also look for a card that doesn’t charge for balance transfers.