There are two ways of availing the lowest credit card rates. The most common example is when card companies offer attractive packages such as zero charges and 0 percent APR for an introductory period that ranges from 3 to 12 months.
After the promotional period, normal interest rates may be applied to the amount used in making purchases on credit. Usually the fine print on the contract states that low interest rates may be revoked once the card company perceives you to be a high credit risk. You make this perception when you get late on payment, default on a payment due date, or you are unable to pay the full amount.
But there is a 100 percent effective technique for paying zero interest on your cards every time (and not just on an introductory period) you make purchases on credit. Just make sure that all credit purchases are paid in full before the due date of your billing. When you are able to do this, most card companies will not consider you a creditor, therefore you do not pay any interest for whatever items bought using your card.
The rule of thumb when deciding to make credit purchases is to make sure first that you have spare cash available that will be used to pay the full amount of the purchase before the due date of your card billing. When you have this discipline, then you are using your card correctly, and not as a way of making purchases that is way off your budget.
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