Are you looking for ways to save yourself money? If the answer
is yes then read on as I have the answer to your prayers, by
changing your credit card to one that offers a balance transfer
deal.
The credit card companies are looking for your business, so
there has never been a better time to check out the great deals
that are on offer, and save yourself some money at the same
time. One of the ways to do this is by looking for credit card
companies that are offering Balance transfer deal.
0% balance transfers - what are they?
Balance transfer deals, what are they I here you ask! They are
here to save us money and using one will be a great advantage to
you. If you are not sure how they work read on and I will
explain,
A balance transfer is when you move your balance from your
existing card to another card that is giving you a better APR. A
lot of companies are jumping on the bandwagon with this deal
they will offer you 0% interest for a period of time, it could
be 6 to 9 months or even up to a year. A typical example is say
the card you had was charging you a an APR of 27.9% and your
balance is £2000, your monthly payment would be £300 you will
not have cleared your balance after a 6 months period, in fact
you would have paid £494 in interest and you would still owe
£694. If you could have put this amount into a balance transfer
deal then the amount due at the end of the six months would be
£200, saving you £494 how good is that!
Choose the card that suits you...
Take your time when looking for these deals as there are many
out there. Check the junk mail, as it might not be junk after
all, or on the Internet, there has never been a better time to
take advantage of these great deals. These companies want your
business so look around for the best deal to suit you.
If you change your credit card to one with the 0% interest free
period, please double check the APR once your free period is
over to make sure it is lower than your last card, as you don't
want to be costing yourself more money.
Once you decide to switch cards, and your initial 0% interest
free period is up do not be afraid to change to another one and
use that one in the same way, it is about time we got something
back from these credit card companies.
For credit card advice please visit here
http:/
/www.creditcards-gb.co.uk/creditcardadvice.html
Remember...
1) Shop around for the best deal 2) Take into account your
personal circumstances 3) Make sure you are aware of the new
credit cards APR after the introductory deal is over 4) Do not
apply for too many credit cards at once as this may affect your
credit rating
About the author:
Peter Kenny is a writer for creditcards-gb, For additional
articles and an extensive resource for everything about credit
cards, please visit us at
http://www.creditcards-gb.co.uk and
http://www.creditcards2go4.com
