Before we start the game, there are two things we need to do first. We need to control our spending. I use zero credit card loans to pay off my investment principle or home loans.

It is important to set up automatic payment on our shipping card. If we miss a payment, we will not jump to the high interest rate and will not incur any penalty. If we end up with the usual charge card interest rate and pay only one late penalty, the work we’ve done to save money using the Zero Percent credit card game has been wasted.

Do we have more than one percent offer? This is important because with the end of the first show, you will need to transfer your remaining balance to another Zero card. Otherwise, we will hit with a high interest rate loan.

How long does the zero percent last? Sometimes you will get a good offer for more than twelve months. Some shows are good for only five to nine months. Certainly better. If it’s less than six months ago I might use it to offer backup but not to start ZPCC game.

How much are the initial fees? This is important because the 3% fee for the full amount (suppose we borrowed $ 12,000) is $ 360, but if the card has a maximum transfer amount of $ 50, that’s a big difference. If there was a 3% fee for the entire loan amount, I would likely not use the card. Starting the game is very expensive.

Does the card have zero balance now? This is important because if you hold a card balance before getting a Zero loan, you will pay interest on the previous balance the entire time that you did not get a zero loan. All your payments to pay off the zero loan will be paid first. The interest on your previous balance will be added to your balance and you will pay interest on the interest as well.

I use a ZPCC loan to pay off a higher interest rate loan or any loan that I cannot deduct interest from my taxes first.