0 Interest Balance Transfer Credit Card Offers

Obtaining a 0 interest balance transfer credit card is a good way to deal with the stress and burden of credit card debt. You can transfer some of your credit card balances, or even all of them, to a single credit card with low-interest or in the best case scenario, no interest, to move forward with the debts.

Unfortunately, finding the best 0 interest balance transfer credit card is not easy. There are so many choices that narrowing it down can be a painstaking task at best. Consider the following options when dealing with trying to get out of debt with a good transfer of funds to a better spot.

Understand the APR and the Annual Fee

For whatever reason, some people think that just because you can get a 0 interest balance transfer you’re in the clear. This is partly right, you can get in the clear, but it’s not as cut and dry as simply moving funds from one account to another, it takes more than that to get out of debt properly.

APR is one thing that you have to be careful about. If you don’t pay off your credit transfer (balance) within a certain time frame, you might end up having to deal with the high cost of an annual fee. The annual fees can be upwards of $30 – $150 depending on the card.

Always read the fine print, never allow yourself to transfer without seeing the annual fees and more importantly the APR, which can rise upwards of 30%.

Read the Fine Print

If you’ve ever seen a pamphlet for a credit card, you know that there’s a lot of fine print. The fine print states all sorts of fees, penalty warnings, and information that you can’t simply throw away. You have to understand that the company that provides this type of financial service needs to protect themselves.

Consumers are responsible for reading all the fine print and understand their options, because when something goes awry they are often times left with high charges. Make sure never to make the mistake of signing anything, without reading the fine print.

Pay on Time

This should be obvious, but for some it isn’t quite clear. Make sure that when you pull a transfer of this type you pay it back within the allotted time. You need to repair your credit and the only way to do that is to make sure you’re up to date on all your payments so that you can get out of any debt you might be under.

It’s important to look around and seek out all options that you have to get the best 0 interest balance transfer credit card. Without recognizing the aforementioned, and without fully understanding how balance transfers work, it’s impossible to get out of the weight of heavy credit card debt.

Just remember the old adage, “if it’s too good to be true, it most likely is,” and apply that to your situation.

0 Interest Balance Transfer Credit Card Offers was last modified: April 7th, 2014 by Paul Sarwana