Understanding 0% Credit Cards

Tosh.H

Hi, I have just found this site and I have been looking into the 0% interest credit cards but I don't quite understand it and I am very weary about getting into debt so I thought I would ask first. I am thinking about getting the 15 month Tesco card to take out roughly £400. If I do that, I have 15 months to pay it back? or do I have to pay some of it every month and as long as I pay back before 15 months? sorry if that doesn't make sense.

Cheers!

CLAPTON

do you already have a credit card?

if not then you are unlikely to get a 0% CC as they are normally given to people with proven ability to manage CCs well

however
you don't 'take out' 400 in cash; you maybe spend it (called purchases) or you can balance transfer it (BT) but you don't take it out on a 0% card
you would then have to make regualr payments each month not less than the minimum amount. to avoid interest you must pay it all back within 15 months

Tosh.H

ahhh ok i see. that clears up everything, thanks!