Saturday, 23 June 2012

Interest Free Balance Transfer Credit Cards

Tips To Comparing Interest Free Balance Transfer Cards

Some card providers offer interest free balance transfer credit cards that give you up to six months to pay off your debt with no interest. If you feel that you can pay off the balance within six months, these are the best cards you can get. Interest free balance transfer cards are offered by many different card companies and it can be a trick trying to narrow down which card is the best. A good way to approach this situation is by looking at all of the features on each card and deciding on what features you would like to have in a card once the balance transfer has been paid off.

The odds are good that once your balance has been paid off in full you will keep this card and use it to make purchases and cash advances. It is good to compare cards based on the deals offered, but this is not enough. All of the card benefits and features should be compared for both short-term and long-term use.

How to Compare Interest Free Balance Transfer Cards

One of the first things you should look at is the standard rate of interest. Once the introductory rate is over for the balance transfer any of the remaining balance will be charged the standard rate of interest. Also, once you have paid off the balance you will probably want to start making purchases. If you're the type of person that has to carry a balance forward from month to month then you should look for the lowest standard rate available on a card with a great balance transfer deal. If you're the type that is able to pay off the amount due in full every month then it really doesn't matter how high the standard interest rate is.

You should also take a look at the annual fee and make sure it is not too high. You should not have to pay over $100 for an annual fee on any card that is not a gold or platinum credit card.

If you plan on using the card to make a lot of purchases in the future you may want to look for a rewards card with a good deal on balance transfers. Once your debt has been repaid you can then start collecting points that you can redeem for free rewards.

Interest free balance transfers credit card will give you the freedom to start paying off your debt without having to worry about high interest being added every month. Once you have selected a card that gives you a good deal on balance transfers that is also suitable to use in the future, you will be ready to make an application. It only takes a few minutes to apply online for a new card and get started on a new future without heavy credit card debt standing in your way.

See also about balance transfer for 6 months credit cards comparison.

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