Credit Card Interest Canada- Study the Fine Print

Credit card interest is not something that anyone wants to think about. But when you think about credit card interest Canada you think about no interest credit cards. Who would not want to get their hands on one of these? These types of credit cards are sometimes called by other names as well. They are sometimes referred to as zero credit cards or zero interest credit cards. After all is said and done, no matter what their name is these cards are about not having to pay any interest.[br]

Credit card interest is not something that anyone wants to think about. But when you think about credit card interest Canada you think about no interest credit cards. Who would not want to get their hands on one of these? These types of credit cards are sometimes called by other names as well. They are sometimes referred to as zero credit cards or zero interest credit cards. After all is said and done, no matter what their name is these cards are about not having to pay any interest.[br]

These cards are not easy to find but once in awhile you may receive an offer to apply for such a card. Or you may find an offer for a card that does not offer zero interest but instead offers low interest. Low interest offers are much more common.

The first thing you need to know about  a credit card interest Canada deal that offers no interest is that the no interest only applies to a specific time span. There will be an introductory period in which you are charged a zero percent interest rate. However once the period ends the interest begins to accumulate if you are carrying a balance on your card. Before you apply for this card it is important that you find out what the limited time period is for the no interest deal.[br]

Most companies that offer these specials do so to bring in new customers. The average period of time for no interest on a credit card interest Canada is six months. However there are some deals that will allow you 12 months and still others that offer only three months.

This means that you need to find out what the interest rate will go up to once the grace period on the no interest has come to an end. Do not wait until you have applied and been approved to ask these questions. Always do your research first and foremost before you delve into the application process.

Beware of the fact that some no interest credit cards look very attractive from the onset but then as soon as the introductory period ends the interest rate shoots up! This is something you want to do everything you can to avoid when it comes to a credit card interest Canada.

Read the fine print for the no interest credit card to find out such things as what happens if you are late with a payment or how much you pay if you want to get a cash advance. Some no interest offers are not as appealing as others once you read the small print. For example, some credit card companies will bring an abrupt end to the no interest period early if you miss a payment or are late making it.

Find out more about Canada’s Low Interest Personal Credit Card.