Credit Cards With Poor Credit
Beware Of These 0% Card Tricks!
Since the advent of 0% balance transfer on cards, millions of people have taken advantage of enjoying borrowing money at 0% for an extended period. How it works is that you transfer an existing credit card balance across to a new card and enjoy 0% interest on it for a set period of time.
This is certainly more attractive than paying a typical 16% interest. However, like all good things that appear to be free, do be aware of catches.
Many lenders now will charge you a handling or admin fee for the balance transfer. This can be around 2 or 3% of the value of each transfer. Do check out with the individual credit card provider as to how much they charge as these fees do vary.
Recent research from Marks & Spencer Money showed how in some cases, people who make use of 0% deals are worse off than if they kept the debt on their existing card! So do your sums first to see if it really is worthwhile transferring your balance.
Finally, check whether the credit card provider charges interest on the actual balance transfer fee. You’d be surprised how many do in a bid to make some money back out of you.
| Credit Cards For Bad Credit History : no interest credit card ... rest assured that no additional fees will be added to your next bill ... is associated with many humorous and memorable tv adverts (such as the guinea pigs who want a credit Apply For Credit Card : credit cards reviews ... switch to your low interest credit card (also known as a 0 apr credit card or low apr credit card), the ... many credit cards available to you, offering great special deals, incentives and such like, it can be Low Apr Credit Cards : credit card rates ... are astronomical! is there anyone who goes to bat for the consumer on credit cards or are the big banks ... were also the first financial institution to offer online account management to its barclaycard credit |