Credit card offers with 0 interest may sound appealing, but there are three important things to note:

1. The annual percentage rate (APR) will not be 0 percent forever. In fact, in many cases this low rate only lasts for 60 to 90 days. After that, the interest rates drastically increase.
2. Many times, cards that start with 0 percent APR will shoot upwards of 20 percent if you miss a payment, don’t make a full payment or are even one day late in making your payment in full.
3. Check for hidden fees when cards tout a 0 percent APR. Usually, there are annual fees that can run as much as $250 per year. Avoid these like the plague.

Credit card offers with 0 interest can work to your advantage, if you’re smart about using them. Don’t be afraid to cancel a card or discontinue using it when the interest rates go up!