Best Credit Card, Balance Transfer APR Advantages

Low interest best credit cards often carry buy, balance transfer, or other special annual percentage rate features that fall well below the industry standard. These cards can offer great advantages, especially when you’re paying a lot of interest. But there are many pitfalls associated with these cards, too. Here are some tips on finding the best balance transfer credit cards and best business credit cards.

Finding the Best Credit Card

To find the best balance transfer credit cards, consider the fees you pay each month. Balance transfers that include annual fees can be less attractive than those that don’t. Annual fees that tack onto your balance transfer balance are designed to force you to pay them over the course of the year. For people who are notorious for spending, this can be a very tempting option. You may think that you’ll save money by paying off your balances sooner than normal. But if you don’t avoid annual fees, you could find yourself paying much more over time.

For the best balance transfer credit cards, look for ones with a lower balance transfer fee and lower interest rate. A zero percent introductory interest rate may be enticing, but it’s unlikely that you’ll be able to pay off your debt in full during the introductory period. If you must take advantage of this offer, plan to be paying at least a little bit over the next eighteen months.

If you want to find the best credit card deals, you need to look beyond the annual fees. Find out which charge card issuers charge the highest annual percentage rate. Then, look for balance transfer credit cards that offer a zero percent introductory interest rate and no balance transfer fees. These cards can save you hundreds of dollars each year, and you can pay them off completely in just a few years.

The best credit cards offer balance transfers that are both easy to do and beneficial to your wallet. Balance transfers allow you to pay off high interest debt with a low interest debt. For many consumers, paying off their credit card debt with one low rate bill saves money in the long run. It can also save you money in interest payments. Balance transfers can help you achieve both of these goals.

Before applying for a new credit card, be sure to compare the annual fees, and any other charges, that will be incurred. It’s important that you understand all of the costs that are associated with your new card. Many balance transfer APR offers contain annual fees and other charges. Be sure to learn about these before applying for a balance transfer APR. Once you’ve learned all of the details, you’ll be able to determine the best balance transfer credit card offer that best meets your financial needs.

Be sure to find out what type of transfer fee is associated with the card offer you’re considering. Each transfer fee can cost you a single cent or more. Most cards charge a one percent transfer fee. If the offer doesn’t specify the type of transfer fee, assume it’s a one percent fee. You want to avoid paying this fee if at all possible.

As you can see, there are many advantages to transferring your balances from high interest to low interest cards. You’ll save hundreds of dollars in interest payments and dramatically reduce your total monthly outflow. While balance transfers can seem like a tempting option, it’s best to avoid balance transfer APR altogether if you have to pay a single cent extra. This way, you’ll only pay the lowest interest rate possible and still lower your payments by a significant amount.

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