Low Interest Rate Balance Transfer

Life-Of-The-Credit Transfer Deals

With the economy decelerating, loads of people are looking for means to lower regular expenses and make available more cash. Transferring a credit card balance to a card with a minor interest rate can help a lot.

Choose a low rate credit card offer at DontSpendMore.com

As wonderful as all these deals and offers seem on the surface, there's plenty to be cautious about. The fines on these low-rate cards are frequently stark; where some companies and banks charge a "transaction fee" for the opportunity of transferring a credit amount to their card.

Hot Credit Card Offers Type Brand Annual Fee APR Cashback Bonus Details/Apply             The First Progress Platinum Elite MasterCard(R) Secured Credit Card   Master Card(R) $29 19.99% N/A       * This online application is subject to the terms and conditions as described in the Important Information Section of the application.

Several credit card providers proposing low rates on balance transfer charge fees of 3 to 5 percent when you take their offer. Some banks cap fees at $40 to $60. On the other hand, many issuers impose these fees as soon as a balance is transferred onto a card.

Introductory Interest Rate

Lots of credit cards bid low or zero percent and low interest rate balance transfers. The introductory interest rate will decrease or eradicate monthly finance charges on your balance transferal for a definite period of time. The lack of a finance charge makes it stress-free for any consumer to repay the credit card balance.

Characteristically, introductory tariffs last from six months to a year. A lengthier introductory period will offer you more time to settle your balance without getting the full finance charge. Credit card regulation states that preliminary period must last no less than six months.

Annual Percentage After Preliminary Charges

Ideally, every consumer looks for the lowest APR as possible. Knowing that your APR will upsurge after a few months should be incentive to settle your balance quicker. Make certain that you comprehend that the balance transfer APR may be well different from the purchases APR.

A great deal of credit cards applies one interest rate to reassigned balances and another to purchases. If the card applies unlike interest rates to different types of balances, realize which type of balance accepts the intro rate and which collects the regular rate.

Nevertheless, don't assume that because you get an offer for a zero percent interest rate, you'll qualify for the rate.

Balance Transfer Fees-Watch Out

Even when you have a squat preliminary rate on your balance transfer, you might still be weighed with a balance transfer fee

This might be a flat fee or a percentage of the balance you transfer.

What Is The Interest Default Rate And When Does It Take Effect?
The default rate is the highest interest rate charged by the credit card company usually as a penalty for late payments or an over-the-limit balance.

At DontSpendMore.com, you can apply for your credit card online and receive an instant approval, where possible. That’s about as easy as it gets.

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