The offer will state how long the promotional interest rate is good for, and it will also include
information about any balance transfer fees that are involved in the balance transfer process.
The good
thing about a balance transfer is that the lower interest rate removes expensive finance charges from your balance, making it easier to repay.
Clicking on the link for each card will take you to the card issuer's website where you can get more information
about each balance transfer card and apply for the card online if you'd like.
Controlling spending / card usage: If you practice retail therapy, or buy big ticket items that can not be paid off in one billing cycle, please think
twice about balance transfers, especially if you're opening a new credit card account.
If you're an existing Virgin Money credit card customer, you can find out
about balance transfer offers by logging in to your account and going to the «Offers» section, or by calling 13 37 39.
It would be nice if you
talked about balance transfers also re mortgaging your home... If the balance transfer fee really isn't cost effective better think again.
They're all questions we've heard from
readers about balance transfer credit cards, so we'e put together this comprehensive look at the advantages, disadvantages, top picks and more when it comes to these financial tools.
Before considering zero percent balance transfer credit card offers however, there are a few essential items that you should know
about balance transfers so you can be sure that transferring credit card balance to a new credit card is a good decision.
To know more
about a balance transfer, read our blog here.
Anyone carrying major credit cards knows
about balance transfers; in an effort to take your business from your current credit card issuers, companies offer new credit cards with low or no interest charged to transfer your balances to the new card.
Another thing you may need to know
about balance transfer cards is that, they usually attract high apr after the 0 % introductory apr has expired.
There are some things you probably already know
about balance transfers.
See related: Compare balance transfer credit cards, All you need to know
about balance transfers, Balance transfer calculator
See related: 4 ways to fight minimum payment increases, Credit card video: Balance transfers and your credit, Credit card balance transfers: The landscape is changing, 9 things you should know about balance transfers
Read on to learn more
about balance transfers or use the links below to skip ahead to a particular area of interest: