Credit Cards with 0% APR on Balance Transfers

Some credit card companies offer credit cards with 0% APR on balance transfers. Balance transfer credit cards help people to consolidate their credit card debts into one card to save on their interest. Check out the various offers by different credit card companies. Companies start with an offer of credit cards with 0% APR on balance transfers and start charging interest after a period varying from 5 months to a year. People normally ignore the fine print, thinking one card to be as good as the other one. The point is why should you pay any or more APR than is necessary.

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Many credit card companies offer online application for instant decision credit cards. You fill in an online form and you get an instant decision with a few minutes. Internet offers the ability to compare various offers of instant decision credit cards and select the one most suitable to you. These credit cards companies also offer 0% APR on balance transfers for varying periods.

Most credit card companies charge typical variable APR of 10.24% as of Sept, 2005. This can increase dramatically if you default on any card agreement you may have with your credit card company. Shop around for instant approval low interest rate credit cards and you may get a bargain low interest rate. Some may offer 0% APR on purchases for varying periods from 6 months to a year. Some do not charge an annual fee and ask for no security deposits.

Whether you are applying for instant decision credit cards, instant approval low interest rate credit cards or credit cards with 0% APR on balance transfers, negotiate for the best deal and if possible 0% APR for the maximum period possible. You may turn out to be an overall loser if you jump at an offer of 0% APR on balance transfers for say 6 months and later have to pay a higher rate of interest. In the end you may find that you land up paying more. With so many credit card companies offering various deals, you have an edge in negotiating for the best deal. Some free credit card balance transfer offers give you 'exclusive access' to certain shops for deals on flights, holidays, cars, mobiles, CDs, books and cosmetics among others.

Credit cards with 0% APR on balance transfers and free credit card balance transfer sound very attractive. Check out the fine print. The hype in the ads seems so easy. Look below the hype:

• How long does the 0% APR on balance last.


• What is the rate after this period expires.


• Do they charge any balance-transfer fee? Some charge a flat 4% transaction fee. It means the higher balance you have the higher fee you pay. Look for companies charging a flat amount and not a percentage of the balance.


• Some companies waive the fee for the initial balance transfers only. Subsequent transfers may attract a flat fee or a percentage of the transferred amount.

We recommend these related articles for your interest:

What are Zero Balance Transfers?
Balance transfer for credit cards means transfer of your credit card dues from a high APR card to a low interest or zero interest credit card.