Credit card applicants who are looking for a promotional financing offer need to choose carefully. There are many strong, competing offers available, and cardholders should understand what terms and benefits are most important.
Here is what applicants need to look for:
Duration of financing
Promotional financing offers must be at least six months long, but currently there are several offers that feature interest free financing for as long as 18 months, such as the Citi Simplicity® Card and Citi® Diamond Preferred® Card. It is also important to note if the financing applies to new purchases, balance transfers, or both. [click to continue…]