Euro to Dollar Conversion
Get the Most From 0% Balance Transfer Credit Card Offers
If you're planning to get a new credit card or if you'd like to save some money on credit card debt interest, and if you're a responsible credit card owner, then you should try to take advantage of 0% balance transfer offers for new credit cards.
These 0% balance transfer offers are offered by credit companies for new customers, so that they will choose to make use of the credit card offered by the company. The 0% balance transfer credit cards can only be taken advantage of if you choose to switch to a new credit company, not a different card within the same company.
Usually the offer only lasts around six to twelve months. This is helpful for people who pay a lot of interest on their card debt; so that they can use the money they would usually pay the interest with, to pay the debt principal faster.
Although you might feel tempted to go right ahead and sign up for any credit card that offers 0% balance transfer, you should take note of a few things. First of all, even if there is a 0% balance transfer offer, they might charge other fees initially.
This might seem bad, but at the same time, you may be saving more than you're paying anyways. They come either as a percentage of your balance or as a fixed fee. Choose which one you pay less with in accordance with your card balance.
Make sure that you know all about your credit card. For example, when to make payments so that you don't have to pay interest that was higher than you owed in the first place for making a late payment. You can choose to make automatic payments, so that you don't miss the payments. Also, know when your 0% APR balance transfer offer stops so that you're not surprised when you start getting charged interest.
It is best not to buy things with the card you're transferring to in the period that you're paying off the debt, as it will incur interest. The 0% interest rate typically only applies to the amount that is transferred. Take note of how much the maximum amount that you can transfer, and don't go over the limit.
There are many different companies who have 0% balance transfer card offers. Along with these offers, they also usually offer awards as well. When choosing a credit card, you shouldn't rush your decision. Make sure you know all of the cards that are available to you, and their offers as well as the APR interest that you have to pay once the promotional period is over.
After you've looked over the pros and cons of each card, then you should make your decision. Make sure that you know all you can find out about each card. If an offer sounds too good to be true, it just might be.
If you can manage to keep this 0% APR card and follow all of the rules applying to it, you can save a lot of money on interest and maybe even abolish your credit card debt!
Trey Andrews is a writer and webmaster, and is involved with a wide range of websites and topics, including Euro to Dollar Conversion and Pounds to Dollars Conversion.
Article Source: Http://EzineArticles.com/?expert=Trey_An…
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