With a final flurry of gift buying before Christmas day, some shoppers might be attracted to zero-percent interest credit cards. These can have a nasty sting in their tail if not used wisely, though. It's essential to understand all the terms and conditions.
Enjoying a zero-percent interest credit card sounds ideal, especially for those with a lot of holiday shopping to do. The National Consumer Law Center's attorney, Chi Chi Wu, said, "No interest sounds tempting now, but you could end up in the trap of huge interest payments later." This is because most of these cards have deferred interest, which allows shoppers to benefit as long as they make their repayments on time and clear the card balance within a spec...
from MoneyTips http://www.moneytips.com/be-smart-about-zero-percent-interest-deals-this-christmas/405
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