No interest balance transfers are the perfect means to consolidate multiple credit cards and eliminate interest charge debts from those cards. When seeking a new credit card that can put your credit rating and buying to work, find the card that allows for the balances of multiple cards to be enjoined into one easy monthly payment.Whether the individual is seeking a business card, or a credit card for basic personal use, the options are many. Make sure to read all the agreement policies to assure that when your balances are moved to your new card that the service truly is free.
Simplify Your Budget
One of the greatest benefits of using a transfer balance card is that one can take multiple credit card bills and consolidate them to one payment. With many of the available cards on the market there are also many perks that are offered as well. One such perk is no interest on transferred balances for up to 12 months. Many times the cards will allow the individual a set amount of time to pay down or eliminate the debt with no interest being paid or owed on it.
Another such perk is rewards offered for any new purchases made with the new card. These rewards can be free merchandise, a certain percentage being taken off of the transferred debt, and even getting a certain percentage of overall purchases charged back to your new card.
Get The Truth About Zero Interest
When the economy was strong zero interest balance transfers were quite popular. Now these types of credit cards are a necessity for many individuals to handle overwhelming debt. The issue that many individuals have with these cards is that after the introductory period they tend to get hit with even higher interest rates than they had on their old cards.
The key to these zero balance transfer cards is to make sure that a solid monetary plan is made to eliminate as much of the transferred balances as is possible before the introductory period elapses. Avoid the higher interest rates with old balances in making sure that pay downs are made.
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Be Wary Of Excessive Spending
The no fee balance transfers that are offered by credit companies does offer an ideal means by which to pay down debt quicker. One of the biggest problems with this philosophy is that in transferring the debt from the old card to the new card, one may be enticed to run up the debt with the old card once again. This will leave the individual with an inability to pay down the transferred debt, and the generation of new charged debt.
The best policy is to destroy the old card and stay with the zero interest and pay the debt off before the introductory period. This will allow individuals to regain control of their finances and their credit rating.
Zero Interest Solutions
The consumer possesses many choices in today’s economic market. The key to obtaining the no interest balance transfers cards is to keep searching for the company and the credit card that is right for you. Be sure one is comfortable with the terms and conditions of the card that is being offered before agreeing to it.
Keep your eyes open and be aware of the terms of the contract and one will be sure to find the card that is perfect for their situation. Zero fees, zero interest and a better way to get rid of credit card debt. This all adds up to a stronger personal financial situation, and an improved credit rating. Read more about credit card balance transfers or view our articles about no interest balance transfers.
Multiple No Interest Balance Transfer Providers To Choose From
Finding a zero interest transfer card is easy with a basic web search. There are a variety of companies that offer many different rewards and benefits for choosing their cards. Some of the more lucrative offers even keep the interest exceptionally low for the first year and waive the annual fees for the first year.
One such card is the CITI Simplicity card. This card has no annual fees that must be paid, and offers a zero percent interest rate for the first 21 months of purchases and transfer balances. Iberia Bank Visa card also offers a low rate of interest for the first year with free access to your account online and an exceptionally low rate on all cash advances. Others that can be chosen from include:
*BankAmericard Cash Rewards card
*The Discover Card Escape Card
*American Express Blue Sky Card
*Chase Freedom Card