Business and Finance Times

Have you ever found yourself wishing you could manage your finances and help the less fortunate at the same time? If you have, then you’re in luck. The combination of 0% credit cards and an ethical commitment can really make a difference. Interest free credit cards have always been popular and now they are developing a helpful edge, too.

Manage your finances

Having a 0% credit card is something you can build into your financial management processes. These cards generally offer a 0% interest rate for a limited time, so that any purchases you make on your credit card during that time are interest free. This is ideal if, for instance, you are looking to put a large purchase on your credit card (within your credit limit, of course!) and then pay it off in instalments over several months.

You can do this through your minimum monthly payments, which you are required to make as part of your credit card conditions. Just remember to check when your 0% deal ends as this will give you a deadline by which you need to clear the card, or else you will start to be charged interest on the balance you carry over.

Help others with your card

Increasingly, you can find some very good charity cards that give you a chance to help other people when you use your credit card. It works like this: you make a purchase on your credit card and are given a value of that purchase back (usually around 1%). You then donate the money you get back to a charity of your choice, which is great for helping good causes as well as giving you an added incentive to use your card on a regular basis. Helping charity while you shop responsibly – it’s certainly an attractive prospect!