0% Credit Card Pitfalls

Capital One’s latest credit card offering 0% on balance transfers until January 2007 seems to have caught the interest of a lot of people (at least if my website visitor statistics are anything to go by), and 0% credit cards certainly have their uses, if used in the right way.

Cliff D’Arcy at The Motley Fool has posted 5 0% card pitfalls in Beware of these 0% card traps.

Here’s a list of the things to look out for, read the article for a full explanation:

  • Balance-transfer fees
  • Payment protection insurance
  • Spending on a balance transfer card
  • Fines for late payment
  • Watch out when your 0% deal ends!

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