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Dinorah Guerra
Dinorah Guerra
Realtor Associate
Real Estate Sales Force
814 Ponce de Leon, #503
Coral Gables, FL 33134
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Sneaky Costs Hidden In 0% Credit Card Offers


The Consumer Financial Protection Bureau (CFPB) says some credit card companies are luring consumers with 0 percent or low-interest offers for specific purchases or balance transfers, then hitting them with surprise interest charges.

When you get offers for balance transfers, deferred-interest offers or convenience checks, read the fine print carefully.

You may find that while you don’t pay a fee for the balance transfer or purchase, you could accrue other charges. 

If you accept a special offer, some credit card companies will start charging you interest on all your new purchases. That means you lose the interest-free “grace period” you enjoy when you pay off your balance by the due date each month.

“The only way for these consumers to avoid interest charges on new purchases made with this credit card is to pay off their whole statement balance, including the promotional balance and the new purchases, by their monthly billing due date,” CFPB officials explained.

More Credit Card Tips From CFPB

Avoid The Interest

If you carry a balance, you can still take advantage of promotional rates and avoid unexpected interest by not making new purchases with the card until you pay off the entire balance.

Make Payments On Time

If you make payments late, your interest rate may rise.

Shop For The Best Rate

Carrying a balance on all your credit cards? Compare the interest rates among your cards to find the best deal for new purchases.

Need help getting your credit in order? Let me know and I'll refer you to a loan officer who can take a look at where you are and make recommendations for improving your credit score.


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Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.
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