subject: Credit Card Balance Transfer Offers - Tips For Recognizing Substantial Benefits [print this page] Its likely that if you have opened up your mailbox recently, you might have been sent a number of credit card balance transfer offers. A lot of these can be a good deal for that person that is hoping to lower their expenses, as long as you pay close attention to the fine print that accompanies the offer.
Know that even while several of these credit card balance transfer offers appear to be a good bargain, most are created to lure you in just long enough to bite you back. Be sure you mindfully evaluate the fine print meticulously before you submit an application for any individual promotions.
When you evaluate the offers that you receive through the mail seriously consider any and all fees and penalties, rates of interest together with promotional time periods that it lists. An excellent issuer gives you approximately 12 - 18 months with no interest rates. When the time period is shorter, be aware that you can find better promotions.
One more element to keep a close eye on is how the interest rates will begin as soon as promotional period has ended. If your rewards credit cards charges you the original account balance if it is still outstanding after the introductory offer has elapsed, it's best to look for a different offer.
Let us briefly take the time to consider a pair of of the more desirable selections for these kinds of cards.
Discover More MasterCard
With this particular card account holders have an opportunity to transfer existing balances from various other cards as well as benefit from a 0% introductory interest rate. Balance transfers offer the advantages of 12 months of 0% interest periods, while purchases utilizing the credit card are interest free for 6 months.
When the period for both expires a standard rate of interest begins ranging in the neighborhood of 9.99 to 21.99% contingent on your individual consumer credit score.
Citi Diamond Preferred
Within the genre of charge card balance transfer selections, this is certainly an excellent one to consider. It comes chock full of security features which make it one of the very best cards available. There is identity theft monitoring and no annual fee. Depending on your personal credit ranking you can enjoy 6 - 18 months of zero percent interest on all balance transfer deals.
No matter what kind of account you are looking for you need to keep this in your thoughts, the ability to save interest charges for balance transfers is a beneficial concept only when you pay them down in enough time to not have interest charges. Come up with a strategy that has a budget to guarantee you are able to maximize the final results and benefit from the rewards you could get from the varied credit card balance transfer offers.
