Not only can credit card holders benefit from the low rate of 1.99% for 12 months on balance transfers, but any purchases you charge to your card attract an interest rate of 9.99% p.a. This is one of the more competitive rates for …
Transfer your credit card balance to a zero percent APR credit card offer or pay no interest on new purchases. Apply online.
To pay off debt faster and save a bit more money, people resort to balance transfers program of any bank where the interest rate is much lower than the existing card account. Some banks even offer 0% percent interest when you finally decide to take the leap to another financial institution. Keep in mind however that you also need to consider how the step may affect your credit score.
Some may not easily realize that balance transfers may cause some negative outcomes to your rating. While the formula to calculate credit scores is a top-secret, financial experts point out that these could be the factors by which credit bureaus come up with scores: 35% for payment history, 30% for outstanding balances, … (more) March 6, 2010
One good feature of many credit cards these days is the so-called balance transfer option. This feature allows transferring of an existing balance from one credit card to another. This service has become quite invaluable for many people, particularly for those who have two cards, one carrying high interest rates while the other one having lower interest rates.
Making use of the balance transfer feature should be done with extreme caution though. This is because this particular service has one or two sub-features that may not always work in your favor. For example, there is this so-called allowable transfer amount which is the amount of balance that your card company allows you to transfer to other cards.
Many cardholders have found this … (more) March 4, 2010
What happens when you mix the lowest credit card interest rate, and one of the best balance transfer offers available in Australia? You get the Bankwest Lite Platinum Mastercard, enjoy extremely low purchase and balance transfer rates …