Finance News » Interest Rate http://www.myfinancetools.com Daily updates Sat, 21 Aug 2010 05:44:49 +0000 http://wordpress.org/?v=2.8.6 en hourly 1 Features of 0% interest credit cards http://www.myfinancetools.com/features-of-0-interest-credit-cards http://www.myfinancetools.com/features-of-0-interest-credit-cards#comments Thu, 13 Aug 2009 23:34:28 +0000 admin http://www.myfinancetools.com/?p=32 cc280% Interest Credit Cards are the way card issuers provide services to their customers. Banks issue cards to consumers (the cardholder), thus allotting them an account number and allowing them to borrow money from the bank. 0% interest credit cards are either mostly given as introductory offers to Customers with good Credit rating to expand the banks consumer base.

1.       They provide an account number and pin number with the details of the consumer punch on it as his authorization, thus securing as authorized user of the card.

2.       They allow you to borrow money Interest free up to a certain limit and period of time and do not charge you for it.

3.       The card can be used to make payments at shopping malls or gas stations or as well withdraw cash from ATM’s.

4.       0% Interest credit cards provide lower EMI Interest rates. Consumers can purchase costly items and divide it over a period of time for lower rates.

5.       0% Interest Credit Cards provide balance transfer facility services.

6.       0% Interest credit cards also provide Rewards program. The cardholder gains points over purchase of certain goods, which can be used to purchase other valuables offered by the various schemes provided by the bank.

7.       0% Interest credit cards also provide cash back facility.

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