Zero Balance Transfer Credit Cards

In the current financial climate, many of us are looking for ways in which to reduce our debts and save money. If you're looking for a new UK credit card and you have balances left to pay on other credit cards or store cards, you may want to consider applying for a credit card that allows balance transfers. What is a Balance Transfer, Making a credit card balance transfer means that you transfer your debts with other credit cards and store cards to your new credit card.

You simply provide the details of your other credit cards and store cards to your new credit card provider, and the balances will be transferred to your new card. The main benefit of a balance transfer is that it can save you money and therefore allow you to clear your debts in less time.

In order to make the most of a balance transfer facility, you will need to look for a card that offers 0% balance transfers. This means that for a specified time, you won't be paying interest on your transferred balance. This doesn't mean that your monthly payments will be cheaper, as you will have to pay at least the minimum monthly repayment set by your card provider. However, it does mean that your money will be going towards paying off your debt, rather than paying interest, so this will mean that you can pay your balance off quicker.

· Make sure that you choose a card which offers a long 0% balance transfer period. Different providers offer different 0% interest periods on balance transfers, so compare them before applying for your new credit card. · Check to see what fees you will be charged for transferring any balances to your new card. Most providers will charge a percentage of the transaction amount, so compare charges before choosing a credit card.

· Check to see what the annual percentage rate (APR) is on any card that you're considering. When you have reached the end of your 0% interest period, you will need to pay the card's standard APR on this balance, so make sure that it is competitive. · Make sure that you can afford to pay at least the minimum monthly repayment each month, as if you pay your bill late, your credit card provider may cancel your 0% interest balance transfer arrangement.

Check the terms and conditions applicable to any credit card before applying, as breaching them may also result in cancellation of the 0% interest deal. · Make sure that you know the order in which your card provider will apply payments to your account. Most card providers will use the payments that you make to pay off your transferred balance first, so if you make any new purchases on your card, they could prove to be expensive. If you do intend to use your new card to buy things, look for one that offers a 0% interest on purchases period.

It happens that we are not alone. All offers balance transfer is not equal. Some cards offer a 0% introductory rate for a longer period than others. And in rare cases, you get the card for balance transfer fee-based services. To do this, in this article we will see the five best proposals today. In addition, a regularly updated list here the balance transfer options.

1. Chase Slate makes this list as the only option without the rest of the charge transfer. The initial statement is not so much that the card through Citi, finally offered 0% for 15 months without charge balance transfer offer solid. Without the cost of a lot, but the transfer received in the first 60 days after account opening. 12.99% 22.99% and, based on creditworthiness. As Citi cards, no annual fee. Liability protection, security, fraud prevention and fraud, and the protection purchase. Citi gets it first, because the 0% for 21 months. This is the longest 0% of transactions that are available at the moment.

JPMCB, JPMS and CIA are affiliated companies under the common control of JPMorgan Chase & Co. Products not available in all states. Chase's website terms, privacy and security policies don't apply to the site you're about to visit. Please review its website terms, privacy and security policies to see how they apply to you. Chase isn't responsible for (and doesn't provide) any products, services or content at this third-party site, except for products and services that explicitly carry the Chase name.

Consumers and companies share a very interesting relationship. The former seeks more value for each purchase; the latter sprints to meet this demand. Today, toothpaste comes with pencil boxes and toys. Pepperoni pizzas are delivered along with video rental coupons. The same is true of credit cards, as well. To keep an edge over the competition, credit card companies are now offering plastics with more benefits and services! One such card is the 0% balance transfer no annual fee credit cards. Availing of a card offering a balance transfer is a wise way to reduce credit card debt.

The "balance transfer" in 0% balance transfer no annual fee credit cards refers to the process of shifting the balance from an old card to a new card. After this is done, cancel your old card so your credit score is not harmed. You will then be given a grace period, during which you should pay off the debt.

You will receive a special rate for the transferred balance. This rate is typically valid for six months to a year. The best thing about special balance transfer rates is that they let you pay off your old balance without interesting piling up. Note that the best time to open a new account with a balance transfer feature, is when the old card expires. This lets you to enjoy a new grace period with low or no finance charges.