0% credit cards - how does that work?

1. Open the card account and then just do a balance transfer to it.You can transfer as little or as much as you like (unless there are limits in the small print).
2. You can have as many credit cards as you like. I have 4 at the moment, anthough only 2 are actively used. It would probably not be a good idea to become a "0% interest rate tart" though, as all the applications would show up on your records (e.g. at Experian) and could have a negative effect on your perceived crediworthiness at a future time.
3. Sometimes, though not always. As with the dreadful Barclaycard deal. Do read the small print carefully. In particular, check carefully the order in which they apply the payments you make. With the worst ones, part payments clear off the 0% rated balance transfer first, leaving new purchases to attract ururious interest rates or up to 20% or so for months on end. Also make sure there isn't a catch, such as you must spend so much a month to get the interest free credit. Assume that they're a bunch of money grubbing sharks, which in many cases isn't a bad description.
4. Find out what's available here, and get a rated list of "best buys". All cards are covered. (Some comparison sites only include card issuers who have paid for the privilege.)

Brian

I know plenty of people who have done this and suffered no problems. I know noone who has done it and suffered any problems. Therefore in my experience it is a good idea!

Thanks for the info - that site on the cards is very useful.

That's one of those irregular verbs, isn't it? I shop around for the best deal; you are a rate tart; they are a bunch of money grubbing sharks.