O% Credit Card Offers Are A Trap

John Chow has written a great article explaining why 0% interest credit card offers can actually be a trap. It basically comes down to make sure you read

the fine print and look for the details that aren’t in the glossy advertising.

Back here I wrote about how I’d applied for a GE Money Mastercard because they were offering a 0% interest offer. I read the fine print and realised that the 6 months was likely to be less than 3 months and didn’t go ahead with it because the money I’d save wouldn’t have left me much change after I’d paid for the stamp to apply for the transfer.

Read The Article Here