Credit Cards Quotes
Beware Of These 0% Card Tricks!
Since the advent of 0% balance transfer on cards, millions of people have taken advantage of enjoying borrowing money at 0% for an extended period. How it works is that you transfer an existing credit card balance across to a new card and enjoy 0% interest on it for a set period of time.
This is certainly more attractive than paying a typical 16% interest. However, like all good things that appear to be free, do be aware of catches.
Many lenders now will charge you a handling or admin fee for the balance transfer. This can be around 2 or 3% of the value of each transfer. Do check out with the individual credit card provider as to how much they charge as these fees do vary.
Recent research from Marks & Spencer Money showed how in some cases, people who make use of 0% deals are worse off than if they kept the debt on their existing card! So do your sums first to see if it really is worthwhile transferring your balance.
Finally, check whether the credit card provider charges interest on the actual balance transfer fee. You’d be surprised how many do in a bid to make some money back out of you.
| Best Credit Card Deals : cheapest credit cards ... to these items will help you to choose a credit card that will match your financial situation ... a consistent flow of credit reporting on your account Best Credit Card UK : 0% credit cards transfers ... are filling out a credit card application form, there are some tips you should know about that may help ... pay off your balance in full every month will leave you open to high interest charges, so if you are Credit Card Quotes : credit cards transfer ... even more incentive offers, so how can you decide on the card that is best for you? here are some of ... do decide to take out a 'bad credit' card, then always, always pay the balance off in full to avoid incurring |