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Sunday, 24 June 2012

Low Rate Balance Transfer Credit Cards

Tips for Using a Low Interest Rate Balance Transfer Credit Card

Using a balance transfer low interest rate credit card can be a great way to keep your hard earned money where it belongs in your pocket. Consolidating high interest rate credit cards has many advantages. But before discussing these advantages let's point out a few of the most important things you should look for when comparing balance transfer cards.
  1. Is the interest rate being offered a fixed or introductory rate?
  2. What are the fees associated with the offers that interest you?
  3. What will the rates be when the intro period expires?
  4. Are there any late fees and if you are late making a payment will your rates be raised?
  5. Is the credit limit being offered high enough to cover the amount you want to transfer?
You can find the answer to all these questions by carefully reviewing the credit card applications that accompany each of the offers. The terms and conditions are spelled out there, but you will have to read the fine print to find some of it. But believe me when I say it's worth it. Far too many people don't do their homework and are then surprised to be paying much more money than they bargained for.

You can find the balance transfer low interest rate credit card that best suits your financial needs by doing a search on the Internet. There are several credit card comparison web sites that will allow you to do side-by-side searches. You will see low rate balance transfer deals from all the major credit card companies including American Express, Chase and Discover Card.

By using a low interest rate or 0% APR credit card you will be able to enjoy savings in the hundreds, if not thousands of dollars. Interest rates are the bread and butter of the credit card industry. The banks and credit card issuers want us to carry balances so they can collect interest payments each and every month. By using fiscal discipline you can take advantage of these offers by paying off your balances and avoiding having to make interest payments.

You can compare balance transfer credit cards at www.creditcardcandor.com. Employing a low interest rate balance transfer credit cards can be an outstanding way to save money.

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