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Credit Card Debt Consolidation Help
By Nathan Dawson
Credit card debt consolidation is an option for those that find themselves with many monthly credit card payments to keep track of and payments that tie up a large portion of their available cash Read more...
I Found An Easy Way To Get Mortgage Quotes For My Rhode Island Home
By Karl Sultana
Monthly home mortgage loans have so much become a part of everyone’s life that people no longer ask if you run a home Read more...
Credit Monitoring - Advantages And Disadvantages
By Mike Singh
Have you heard of credit monitoring? It is a service that credit reporting agencies offer to you. The service is quite straightforward. For a fee, they will monitor your credit for you to insure that Read more...
Why Stop Home Loan Bank Foreclosure?
By Ray Taylor
Many home loan borrowers overreact when they confronted with foreclosure. Because of the seriousness of the circumstance they think that it is better to just pack up and exit. With this kind of Read more...

 

 

 

 

 

 

 

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Low Apr Balance Transfer Credit Cards - Help You Save Money On Interest Charges
By Ryan Arsendatama
Balance transfer credit cards help you consolidate your credit card debt into one card, which enable you to save money on interest charges. The concept is simple enough, but you need to know how to move money owed from high interest credit cards to low APR balance transfer credit cards. These credit card companies also market these as a credit card with ‘zero interest on balance transfer’ as well as a ‘cheap balance transfers credit card.’

First, assess your current credit situation. If your credit history has a consistent pattern of timely payments, you may well qualify for any of the low APR balance transfer credit cards. Transferring all or some of your outstanding balances to this card can help you to save thousands of dollars, annually, in interest charges. With planning and exercising discipline, you can bring down your large credit card balance. You can take advantage of the low APR, and apply all the money you save on the interest to the principal.

Many low APR balance transfer credit cards offer zero interest on balance transfers for a period ranging from six months to one year. They start to charge interest after the expiry of this period. It is imperative that you find out what interest they will be charging at

that time. As of September 2005, most credit card companies typically charge APR of 10.24%, and this increases dramatically if you default on any agreement with your credit card company. You need to shop around to ensure that your cheap balance transfer credit card do not turn out to be expensive.

Many credit card companies offer zero interest on balance transfer, but charge a processing or a transaction fee. This could be as high as 4% of the balance being transferred. Look out for companies that charge a flat fee irrespective of the balance you transfer. Many companies charge a flat rate of $50 to $75 as processing or transaction fee.

Low APR balance transfer credit cards seem very attractive, but you need to look into some hype:

- Check the period of the low APR on balance.
- Check the rate after this period expires.
- Is there any balance-transfer fee? A flat 4% transaction fee means the higher balance you have the higher fee you pay. Look for companies charging a flat amount.

Balance transfer credit cards are indeed one of the best ways for you to slowly eliminate credit card debts due to high interest. The rest will be up to your discipline to wisely spend money on credit cards.


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Several credit card companies today are offering their customers credit card rewards for being loyal customers. This gives the cardholder the chance to earn points to gain all kinds of prizes. These Read more...

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Unsecured Loans For Tenants - Here's How To Apply
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