Balance Credit Cards

LOW BALANCE TRANSFER CREDIT CARDS : CAVEAT EMPTOR?

 

Offers for low balance transfer credit cards are flooding in from credit cards companies nowadays which make us wonder if these offers are for real. What keeps nagging inside your head is , if these credit cards with low interest rates will bring in such little income, then why bother to advertise vigorously at all ?

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  1. Low Interest Credit Cards - CreditCards.com

    Low Interest Credit Cards; Balance Transfer Cards; 0% APR Credit Cards; Reward Credit Cards; Points; Gas Cards; Cash Back Credit Cards; Travel & Airline Credit Cards

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  2. Balance Transfer Credit Cards | No Fee Balance Transfers

    LOW INTEREST CREDIT CARDS ... 0% BALANCE TRANSFER CREDIT CARDS. Balance transfer credit cards provide the opportunity ...

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  3. Balance Transfer Credit Offers - Low APR Cards

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  4. Balance Transfer Credit Cards: Compare Balance Transfer Offers

    Compare balance transfer credit card offers with 0% interest apr rate for up to two years and low fee transfer rates. Use a balance transfer calculator to calculate ...

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  5. Credit cards - Balance Transfer Credit Card Offers

    Balance transfer cards are perfect for you if want to save on interest rates. Choose one of the balance transfer credit card offers, apply online and enjoy your 0% ...

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  6. Balance Transfer Credit Cards Offers - Best Credit Card Rates

    Transfer your high-interest balances to these cards and enjoy a low 0% interest rate for up to 24 months!

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  7. 0% Balance Transfer Offers | Compare Credit Card Balance ...

    View 0% balance transfer credit cards. Find money saving 0% APR and no fee balance ... and purchases) that lasts 18 months while charging a low 3% balance transfer fee.

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  8. Low Interest Lifetime Balance Transfer Credit Cards

    Lifetime balance transfer credit cards that provide low interest rates. For people who maintain more than average to excellent credit scores, we recommend them to ...

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  9. Credit card balance transfer - Wikipedia, the free encyclopedia

    A teaser rate is an especially low rate that a credit card company offers to new customers to entice them to transfer their balance. It is a lure for catching new customers.

    http://en.wikipedia.org/wiki/Credit_card_balance_transfer

  10. Balance Transfer Credit Cards | Credit.com

    Balance transfer credit cards are ideal for debt ... Balance transfer credit cards offer a lower APR on the balance you are transferring, and often include a low or no ...

    http://www.credit.com/credit-cards/Balance-Transfers

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Articles

LOW BALANCE TRANSFER CREDIT CARDS : CAVEAT EMPTOR?

 

 

­Offers for low balance transfer credit cards are flooding in from credit cards companies nowadays which make us wonder if these offers are for real. What keeps nagging inside your head is , if these credit cards with low interest rates will bring in such little income, then why bother to advertise vigorously at all ?

 

Common sense would tell us that there is more to a low balance transfer credit cards than meets the eye. Credit card companies are not charitable institutions. So, saying that they are offering a deal that will not earn them money is something for the Marines. And the real truth is, the credit card companies are banking on the possibility that the consumers will miss the fine print and end up bleeding dry with a smile on their face. Consumers should be careful every step of the way all through the duration of the low interest period.

 

To start with, consumers must understand that to transfer from one credit card to a low balance transfer credit card they will be asked to pay a transfer fee of about 3% of the card’s balance. Conversely enough, low balance transfer credit cards do not promise low interest payments on current or future purchases. If used for current purchases, the credit card holder will have to pay regular interest rates with which balance the basis for the new computation of interests will accrue.

 

The bottom line therefore, is to avail of the offers and use the low balance transfer credit card to pay for your previous balances and not for new purchases. Pay your bills on time to avoid the universal default clause. And always remember that jumping from one credit card to another will hurt his credit rating. Caveat emptor.

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