Interest Free Credit Cards for First Time Credit Card Holders

Nearly all credit companies provide interest free credit cards. However, not everybody is entitled to such offers, especially those who have not had a card before. If you try to get zero interest credit cards but you’re not really competent of getting it, you could end up getting a credit card that has a high Annual Percentage Rate with no introductory interest free offer at all.

However, this does not mean that there’s absolutely no card company that offers zero interest cards for beginners. There is a way to find interest free credit cards for you, and here are several suggestions:

1. Look for it online. It might be hard to search for a credit card company which offers these types of cards for starters through the internet with the many card companies offering zero interest cards, but it isn’t entirely inconceivable. You need to define your research by entering “beginner” or “first timer” in your search.

2. Request for a credit file of yourself from the 3 credit bureaus, namely Experian, TransUnion and Equifax. You are able to obtain a totally free copy of your credit history per year. You have to make sure that none of them has written anything wrong in your credit history, especially since you are meant to have a clean standing.

3. Don’t hesitate to approach a good bank and make contact with a loan official or a credit broker. You can bring your credit history along and clarify that you are looking to apply for an interest free card. You should completely answer questions concerning your current job, your wage, any arrears or loan you have ever acquired and the like. You furthermore may need to prove that you have the best attitude and the capability to pay your bills on time. You can, in return, ask the officer if there’s a chance that you would be accepted for a credit card with zero interest.

Having such credit card for your use can be beneficial for you. However, it is a lot more important to learn how to manage your financial situation well first. It can be difficult if instead of learning to manage your financial situation, you learn to be too lax with your bad debts because these do not incur interest, which is a very poor behavior. It would be best if you plan ahead of time and schedule your billing repayments beforehand specifically since late payment fees for interest free credit cards are reasonably high than others.

As what’s recommended to current card owners who want to get interest free credit cards, you have to be mindful with credit cards simply because they have extremely strict conditions and phrases. Any incorrect move and you may lose the interest free offering. Your clean record may end up being ruined. You might get a very low credit score next time that it would even be more difficult for you to apply for a loan or a regular credit card.

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