If you have fair credit and need to make a new purchase (but don’t have the cash), then Household Bank can help. Their Rewards Mastercard charges you 0% interest for the first 9 months. Simply apply for the credit card and make your purchases. Anything you buy will be added to your balance, and you’ll pay no interest for the first 9 months you have the card.
Household Bank also gives you something I’ve never seen in a credit card for someone with fair credit – 2% cash back on every dollar you spend. Most credit cards only give you 1% cash back on purchases – if they give you anything at all.
In addition to the 0% interest and 2% cash back, this card has no annual fee for the first year (saving you $39). If you don’t want to pay the $39 annual fee in the second year, you can easily cancel the card.
Some people will enjoy the 9 months with no payments, but I suggest you start paying off part of the balance each month. To quickly pay off the entire balance, divide the amount you owe by 9 and make that your monthly payment.
amount-you-owe / 9 = monthly-payment
Make sure to pay off your credit card within 9 months, or you will start getting charged interest on the remaining balance – currently 19.90%.
So, as long as you have fair credit and can pay-off the balance in 9 months – this is a great deal.
Don’t wait to make that needed or special purchase – apply for the Household Bank Rewards Mastercard today.