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It is important for every credit card holder to understand how interest rates are calculated and how rates affect your expenses. There are a lot of credit cards in the market that offer an incredibly low rate and for most credit card shoppers, a low interest rate credit card is a good deal.

In fact, 0% interest rate credit cards are undoubtedly the most lucrative in the market. The question is, how long would the low interest last? More importantly, how much will the rate be when the introductory period expires?

Different credit card issuers continuously enhance their offers to attract potential customers and keep their own cardholders. Credit cards with zero interest balance transfer rates are popular especially since a lot of cardholders are juggling between payments to pay off their balances and avoid the interest rates.

A 0% credit card balance transfer gives you the chance to pay off balances with the additional interest rate fees. Thus, by transferring balances to a 0% credit card, debts can be managed more easily.