With the tremendous competition building up, many credit card companies have started offering introductory 0% APR credit cards. Aimed to attract new credit card applicants, no interest charges are applied to outstanding balances during the 0% APR period. With this, users can afford to pay only the minimum each month without being charge hefty interests until the promotional period is over.

This situation forms a loophole that can be exploited by credit card surfers. Purchases are made with their 0% APR credit cards till the maximum credit limit. Only the minimum amount imposed by the credit card company will be paid each month without incurring the cost of interest charges. Once a card is maxed out, credit card surfers will make an application for another 0% APR credit card and repeat the same cycle.

Sounds like a great way to get free cash, doesn