What Is A Free Credit Card Balance Transfer?
If you have a bad credit history and are in deep debt because you can’t pay back your credit card balance, the good news is that you can breathe a sigh of relief.
Transferring your credit card balance to an interest-free credit card is the best way that you can make sure your liabilities are taken care off.
What Is A Free Credit Card Balance Transfer?
A free credit card balance transfer only means that you pay no interest at all on your credit card balance. Today you can get a 0% interest balance transfer credit card for a limited amount of time. So during this time, whatever you pay to the card goes directly to the principal amount and not the interest. This will allow you to save huge on interest payment.
Best Free Credit Card Balance Transfer Offers
This is an attractive offer for all those people who are desperately trying to pay back their credit card balance and get out of debt. Moreover, companies today offer interest-free credit card balance transfers from six months to 24 months, during which you would have time to lay down your payments in comfort and repay back your debt.
And if you remember to move your credit card balance to a new 0% credit card every time your introductory offer ends, you can’t effectively pay off your balance without any trouble.
However, in case you forget to transfer your balance at the end of the introductory offer, you would be held liable to pay your APR from that particular point. This is usually charged at a higher rate of interest typically ranging from 15% to 20%.
Therefore, if you are going to take advantage of the top free credit cards, you have to be prepared to switch your balance over every few months.
Courtesy of CreditCardShoppe.com
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