Yes 0% interest rate cards do exist. But the 0 % interest rate in only for a fixed period. The period is typically a few months up to a year depending on which credit card company you choose, your annual income and your credit ratings. But great use can be made of these 0 % interest rate credit cards to pay your existing depts. You can do a balance transfer to clear of existing depts. Most of the credit card companies offer interest free balance transfers nowadays. A lot of cash back offers and other great offers are also there for purchases made through credit card. Some of the companies also offer a few other services interest free of cost. So you can make great use of them also. But make sure you stay within your limits or else you could end up in troubled waters.