People utilize balance transfer credit cards for a myriad of reasons such as making money from balance transfer and credit card arbitrage, to paying down and reducing high interest debt by applying for balance transfer credit cards with low interest offers. Not all balance transfer credit cards with low interest offers are created equally, as you will see below. You will want to evaluate each card individually and make sure you understand the credit card offer. Some important things to look out for include:
Duration of balance transfer offer. Most cards offer 6 – 12 months at 0%.
Balance transfer fees. Most fees range from 0% – 3%, or a fixed price, such as $75.
Interest rate. This only matters if you plan on using the card after you pay off your balance.
Rewards and cash back. Depending on your needs, you may want to consider credit cards with sign up bonuses, rewards bonuses, cash back cards, points cards, or special features, such as travel cards or gas rebates.
The balance transfer credit cards listed below allow borrowers to consolidate their credit card debts onto a single card to save money on interest charges, Most of them are balance transfer credit cards with no balance transfer fee. The best offer currently available is a 0% introductory offer good for 12 months from the Discover Card. While balance transfer credit cards with no balance transfer fee offers have become harder to find, you'll find a list of the top 0% APR deals too.
Saturday, March 13, 2010
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