subject: Find Credit Cards With Zero Or Low Interest On Balance Transfers [print this page] There are some creditors that charge very low interest on balance transfers. These are often offered as s promotional gimmick to attract new clients to sign up for their credit cards. When creditors want to be more competitive, they sometimes offer zero balance transfer cards for a limited time like 6 months to 18 months.
During the promotion introductory stage, you can use these cards to lessen your monthly payments for card bills. You can transfer your balance from one card or more to a zero interest card and end up paying one low fee each month with low or no interest. That is going to give you a lot of saving for a minimum of 6 months.
Once the introductory rate expires after 6 to 18 months, then you will be obliged to pay interest at normal rates. This makes it important to also check how much the normal APR rates are after the introductory period ends. Some creditors use this chance to start making profit. Sometimes the normal rate will also depend on your credit status.
To take advantage of low or 0% balance transfers, you can first check if any of your cards already has this feature. If all your credit cards apply high interest rates, then you should start looking for a better option to pay off your card bills. Search for cards that offer zero or low interest rates for balance transfers on websites that offer various cards from different creditors.
On these websites, you will find categories from cards for no credit to cards for bad credit. Look for the category that says 0% interest on balance transfers. You will find various cards that offer this from different creditors such as Capital One, Chase, Citibank and Discover Card. Cards are offered as VISA or MasterCard.
Compare the interest rates, the length of the 0% or low rate promo, and normal APR after promo rate expires. Some cards will offer low or zero interest rates for 6 months, a year to 18 months. You also have to balance your decision on the normal APR rates that apply after the promo period because sometimes the normal rates can be sky high.
Aside from sources on the internet, you may get some offers for credit cards in your mail. Read through these offers in case you get one for zero or low interest on balance transfers. Read the fine print and terms and conditions before applying for any kind of card. Do some research about the website that offer cards online.
You might also be able to find some credit advice and tips about handling your payments and other credit problems such having no credit, low or bad credit. There should also be some tips on how to perform your balance transfers.
You should be able to send an email to the people behind the website if you have any questions regarding their offers. A good tip to follow is to try to raise your credit sore before applying for credit cards. This will increase the chances of getting your application approved.
by: Elissa Joyce
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