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Credit card companies compete fiercely to get their card in your wallet and you can benefit from this competition. While typically, credit cards offer high APR (Annual Percentage Rate--the percentage of interest that you pay on your balance), often topping 15%, credit card companies initial offers often include very low APRs for a set amount of time. If you are offered a 0% APR for six months, for example, you can take out an interest-free loan for half of a year.
Many credit card offers allow balance transfers as well--meaning that you can move your balance from one card (on which you are paying a high interest rate) to a new card (that may have a low introductory rate).
Shop around and check out the details of different offers to find the one that serves you best.
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