How to use a 0% intro APR credit card as an interest-free loan

Preparing for a major purchase? You could pursue short-term financing in the form of a personal loan, home equity loan or home equity line of credit. But if you can afford to pay off what you borrow in full within a year or so, a 0 percent intro APR credit card could be a better option. This type of card can save a lot of money you would otherwise spend on interest charges.

Learn more about how this type of credit card works — and how you might be able to use one as an interest-free loan on large purchases — by checking out my newest writeup for Bankrate, available here.