Save Money through 0 Balance Transfer No Fee Deals

2007-03-08 10:33:40

( Financial )



The fees charged by banks for balance transfers often trouble most people. It may be just a small amount of money, but if you are one of those people who usually make use of this kind of service, balance transfer fees can cost you lots of money. Since a balance transfer fee is a payment for a service rendered to you by a bank, you may have resigned yourself to paying for this service.

Surprisingly, no balance transfer fee offers have flooded the market. These were mostly from credit card companies wishing to expand the customer base and entice customers away from the competition. In this no balance transfer fee scenario, you can transfer your debts from one car that has a high interest rate to another card that has a lower rate of interest without paying for anything extra.

A no balance transfer fee offer is ideal because when you have such a deal, you get to keep your debt at its actual level. When you have no balance transfer fee, you don’t add to your debt when you transfer. You retain the amount you actually owe. You thus do not add to the principal which will incur you more interest charges.

More good things have come from the competition among financial institutions, apparently, because aside from plain no balance transfer fee offers, the 0 balance transfer no fee offer has surfaced.

A 0 balance transfer no fee, from its name, is a balance transfer offer that gives you a chance to transfer your balances from a high interest account to a 0 percent interest one. In a 0 balance transfer no fee offer, no interest will be charged to the balances you have transferred for a set period of time.

A 0 balance transfer no fee offer could give you from a few months to more than a year of 0 percent interest rates. Usually, the better your credit record is, the better your chances of getting a 0 balance transfer no fee offer that charges you no interest for a considerable period of time.

A 0 balance transfer no fee deal also allows you to accomplish the balance transfer with no service fee. You get to transfer your debts from an institution that charges high rates to one where you are required to pay only your principal for a set period of time, and you don’t add to your principal when you transfer balances because you are not charged a balance transfer fee.


All rights Reserved © Tradenet Services srl
Do not duplicate or redistribute in any form.