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Most of the time when you get a new card anything that you purchase after you have received the card is with a 0% interest rate for that introductory period.\u00a0<\/b><\/p>
The introductory period could be anywhere between ten and twenty months. The exact offer period depends on the card that you receive from the credit card company.\u00a0<\/b><\/p>
Let\u2019s say you buy a new washing machine using this new card and the introductory period is for twelve months.\u00a0<\/b><\/p>
This means that you can keep this balance for twelve months and you don\u2019t have to pay any interest for the same.\u00a0<\/b><\/p>
Once the introductory period expires the credit card company will charge you with the interest rate which could be anywhere between sixteen to seventeen percent on an average and up to twenty-five percent if you have low credit.\u00a0<\/b><\/p>
If you are paying off the entire balance before the introductory period expires, you would not be charged any interest for using the money within the intro period.<\/b><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t