Balance Transfer Credit Cards
Balance Transfer credit cards allow you to transfer your debts from an existing card to the new card with a much lower interest rate (often 0%) for a period of time.
This allows you to pay off your debt without the burden of accumulating interest on what you owe.
Remember...
- Don't only look at 0% balance transfer deals: sometimes low rate balance transfers are more realistic
- Do not spend on your balance transfer card
The only downside to transferring your debt to a balance transfer credit card is that there is often a small fee involved in transferring the debt to the new card, but this is often small change in comparison to the interest you are paying on the existing card.
0% Balance Transfers
Transfer your debts to a card with a 0% interest rate for a certain introductory period.
Is this type of card right for you?
This is the right type of card for you if are paying interest on the balance of your existing card. You can shift the outstanding balance to the new card and enjoy an interest free period of up to 15 months, giving you enough time to clear the debt.
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Life of Balance Transfers
Transfer your debts to a card with a very low rate of interest that remains low until you have paid the balance off in full.
Is this type of card right for you?
This is the right type of card for you if you are paying a high interest rate on your existing card (or cards) and it feels like you are never making dents in the balance. This card will maintain the low rate of interest until you have paid the amount off in full.
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0% Balance Transfers and Purchases
Transfer your debts to a 0% introductory rate, whilst also enjoying a 0% rate on your spending too.
Is this type of card right for you?
This is the right type of card for you if are looking for a 0% credit card to both transfer a balance to and spend on the same card. These cards offer the same 0% period on both balance transfers and purchases - making them suitable to use for both.
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