Purchase zyprexa

Monday, December 04, 2006

Balance Transfers Introduction

Credit card balance transfer affects using a credit card to pay off the amount outstanding on one or more than credit/store cards. The sum debt then travels to 1 card.

The chief benefit of balance transfer is a money-saving one. In the competitory credit card market an increasing number of companies are offering a 0% interest rate for a fixed time period on balance transfers made by new customers. This allows new cardholders to do considerable nest egg in interest repayments. Interest free time periods change and certain credit card issuers widen the 0% interest rate offer to cover new purchases, it is deserving pickings great care to compare balance transfer offers well before deciding which one to choose. Some companies offer lower than average interest rates on transferred balances for the life of the balance transfer. This may be good intelligence for card users who are not planning to pay back credit card debt in the short term.

Transferring credit card balances is usually a simple process. Once a card application is approved it usually affects a phone phone call to the new card issuer to transfer the balance(s) from the other card(s). Many credit card companies also offer an on-line service, making it even easier to transfer balances via the Internet.

There is usually a window of clip after a new card is approved during which balance transfers attracting the promotional interest rate must be made.

A word of cautiousness regarding balance transfers. Minimum monthly payments still need to be made. Fall behind with minimum payments and mulcts can be made and interest free offers withdrawn. The same tin go on if credit bounds are exceeded.

In a market full of balance transfer deals, offers change greatly. It is of import to double-check the inside information carefully before sign language on the dotted line. For example:

Are there any further fees to be paid when balances are transferred? Do Iodine need to do a minimum monthly pass using the new card to measure up for the promotional balance transfer rate? How soon after my credit card is approved do I need to make the balance transfer? What interest rate is charged on new purchases made using the card? In particular, 'Balance transfer for life' cards often set payments towards glade the low interest balance transfer and not the recent purchases that attract higher interest Make I get charged interest on new purchases from the clip the purchase is made? What makes the interest rate revert to after the promotional clip period have finished Before taking up a balance transfer offer, also take time to see the amount you need to travel and how much you mean to pay off and purchase each month. That manner you can be certain that you take the right card for you.

The up-to-the-minute balance transfer offers in the United Kingdom at the minute can be seen at www.1st-uk-credit-cards.co.uk/summary_by_Transfer_Rate.html


Comments: Post a Comment



<< Home

Digg ItDel.icio.us
Furl ItReddit
SimpyNewsvine
Fark ItMy Web
GoogleBlink It
RSS ATOM
Powered By
widgetmate.com
Sponsored By
Apply for Credit Cards

Archives

February 2006 September 2006 November 2006 December 2006 January 2007 February 2007 March 2007 April 2007 May 2007 June 2007 November 2007

This page is powered by Blogger. Isn't yours?