Haven't a clue

Weequine

Never owned a credit card, but time's coming that I might need to get one.

Is it the case that I can select one (credit check permitting) and agree to pay a minimum figure a month interest free for a limited period or is the minimum figure determined by what I put on it by a percentage?

grumbler

Normally you don't pay interest if you use it for purchases only and pay the balance in full every month.

Some cards offer 0% on purchases for N months to new customers. In this case you have to make at least the minimum payments.

flashg67

Minimum payments vary from as little as 3% per month, depends on the card issuer. Of course you can pay more, but you do have to pay at least the minimum per month. If you're in the interest free period, all of your payment will go towards the paying off the balance.

pqrdef

You don't want to know about minimum payments. They're pitched so that you make almost no progress in paying off what you owe, so you just keep paying absurd amounts of interest for ever.

In the current market, credit card interest rates are silly. If you need to borrow, look at other options.

grumbler

pqrdef wrote: »

In the current market, credit card interest rates are silly. If you need to borrow, look at other options.

Well, for a shor-term borrowing (up to 28 months) 0% credit cards can't be beaten.
What are other options for ~1.3% APR over 28 months or for 0% over 18 months?

Not that I am saying that a person that have never had any CCs can easily get such card.