Transfer Interest with your New Credit Card

2007-03-08 10:33:40

( Financial )



Opinions are divided about getting a new credit card especially when you already have one, or several. Some decline thinking that credit cards just cause unplanned spending. Others are aware of the benefits of having multiple credit cards and take advantage of these offers.

Perhaps you have been offered credit cards that will accept balance transfer interest free. What this means is that if you have another credit card which you have used for previous purchases, you can avail of the balance transfer interest free.

Isn't this great. If you owe another card company for your purchases and agreed to pay them every month at a high percentage, when you availed of your new credit card, you can have the 0 apr on balance transfers offer and pay low interest rates.

No interest balance transfer permits you to consolidate your payments into one. How many times have you forgotten to pay one company because there are just too many bills that you receive every month, you fail to notice if you have paid all of them? This will not happen if you take advantage of the 0 percent balance transfer offer.

If you are using a separate credit card depending on what you are purchasing, you can have the balance on this card transfer interest free. Then, you will just be paying one company when the balance is transferred.

Just make sure you that you are in good credit standing with your current credit card companies so you take have more options when you inquire on balance transfer offers or mbna balance transfer. This will help you get the best rates and features for your new credit card.

So, feel free to inquire on low interest balance transfer offers. After all, even if you have several credit cards, what you purchase still depends on you.


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