Credit Cards Offer Buffers In Today’s Economy
Zero percent interest card can offer a great financial buffer if you are unlucky enough to lose your job. There are very few jobs that are secure, especially in today’s economy. And if you get laid off in two weeks, do you have enough money in the bank to support you for the next six months to a year? Many people don’t.
For people like this, 0 APR cards can be a real life saver and financial bridge helping them and their families to survive until they can get back on their feet again. Normally, you’ll receive these cards as an introductory offer. The credit card company agrees not to charge you interest for a specified number of months – usually a year (but read the small print).
After that introductory period, the card rates will then go up to the company’s normal interest rate. And although some may frown on using credit cards for everyday living purchases. Sometimes you just don’t have a choice.
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