Transferring balances from a higher rate card to a 0% card sounds attractive, as does 0% on purchases, but read the fine print.  How long will the card stay at 0%?  Many times, the card jumps up to a high rate after a few months.  Also, are there fees to transfer the balance?  If you miss a payment, will the card immediately go to the higher rate?  Sometimes, a person can come out worse by accepting a 0% credit card offer.

Very true.  However, to offset that, 0% for 12-15 months can enable you to put much more towards the principal of the debt and get it paid off much quicker.  You just need to make sure you know the fact and have a plan you can stick to before transfering your credit card balance.

well, I always knew that they were a scam

Just think about it this way it isn't necesarry a scam that is unprofesional to say, In business when you start a venture you will need a capital do you put up money, If they are to do it 0% interest how would they earn? see it is merely a promotional gimmick there is always a catch. SO just be aware.

it is not actually scam but the banks have to recover their lost money somehow.it`s all written somewhere but oyu need to know where to read....i think it is well hidden

I will check first about any zere interest offer. Its not really good to us and i think we also should be careful. Its too hard to believe it right?

Nothing in this world will give you debt or loan for no interest (0%). Zero interest rate look interesting but there're hidden charge which is invisible. All this may suck our blood in future.

basically 0% interest it`s kinda true....but the part where it says that you have to pay a nice commission is written really small and when people see 0% interest don`t read the rest.

Yes, sometimes the balance transfer fees can be outrageous and the eventually jump to th super high interest rate in the fine print can prove to be self defeating.

I think there are similar deals with furniture stores where you pay no interest till a specified date. But if you don't pay it off then, you get charged interest.

It can work to your benefit as long as you're aware of the terms, and able to meet them to your advantage.