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Sweet Credit Card Deals

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This article from MSN Money is warning the readers of those sweet-sounding credit card offers, such as 0% interest for the life of a transferred balance. Their tips:

Clarify the deal. You may have to make a purchase every month, and if you do, your payments go towards the transferred balance first.

Be suspicious of the letter. Just because it says you’ve been pre-approved, it doesn’t mean that the rates and credit line advertised are what you’ll receive.

Watch your steps. Everyone lift your feet one at a time.

Be punctual. One late payment and the sweet 0% deal goes away. Sometimes they’ll charge you interest for the original balance even if you’ve made payments at 0% already.

Updated February 6, 2012 and originally published February 17, 2005. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.

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About the author

Luke Landes is the founder of Consumerism Commentary. He has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about Luke Landes and follow him on Twitter. View all articles by .


avatar Dean B

Think about it this way…can a credit card company survive by making 0% loans?

Not on your life. Proceed w/ caution.


avatar Luke Landes

Exactly. Teasers, bait-and-switch… make them customers first, then rape them when they’re not paying attention. “Good” business sense, when so many people don’t pay attention.