A new article from the 1 Stop Finance Shop has revealed that they believe credit cards that offer interest free periods are adding to overall credit card debt in the UK.
The group claim that consumers are wracking up massive amounts of debt and only paying the minimum amount off, which is costing them dearly when the agreement ends.
However, one section of the article did note that: "An interest free period can be beneficial by allowing you to transfer over an existing debt and repay on just the capital and avoid having to pay interest."