Best Credit Cards Deal
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.
| Accept Credit Cards : credit cards rates ... card allows the user to hold the card up to the point of the point of sale reader ... also be a deadline by which you have to spend your points, so do not hoard points without knowing the Adverse Credit Card : pay as you go credit cards ... five percent of cash back when you use it to buy gas ... case of a reward card, your card may be operated on a points system where these points can be redeemed Prepay Credit Card : pay as you go credit card ... also a branded nectar credit card (run by american express) which allows card holders to earn nectar ... credit card also provides internet delivery insurance |