Credit Cards Zero Balance Transfer – Zero Percent Balance Transfer Credit Cards

In transferring funds, moving cash from one account to the other and purchasing items either online or in a store, Credit cards always come in handy. And the good thing about it is that it is widely accepted as a means of payment for goods and services provided in most locations in the world today. With technological advancement increasing at a speedy rate people now prefer to pay for items from the comfort of their devices, generally through digital means and what better way to do so than with the use of your credit card.

Credit Cards Zero Balance Transfer

There are several aspects of low-interest credit cards but we will be focusing on Credit cards with zero balance transfer as we hope to improve your confidence in making financial decisions when dealing with debts settlement and deals that play out to your advantage in the long run. However, this is serving as a guide the decisions are ultimately yours.

A balance transfer is said to involve moving debt from a high-interest credit card to another with a lower interest rate and it is ideal for the card to have a zero percent introductory period in play. Basically, you are making use of one card to pay off another and since you are not paying as much in interest, you get to save up more money to settle your debts quicker. Here are some of these low-interest credit cards with zero balance transfer;

  • Discover it Balance transfer
  • Capital One Quicksilver cash reward credit card
  • Black Americard Credit card
  • Chase Freedom and lots more.

How to Do a Balance Transfer

Having done your homework and calculations ensuring that the numbers are in your favor when you select a particular zero balance transfer credit card, follows these steps to keep it going in your advantage;

  1. Apply for a balance transfer credit card with a zero percent introductory period. You are required to have good credit and you are usually given a short period of about 60 days
  2. Inform the new card issuer that you want to do a transfer, this can also be done via your online account with some credit cards.
  3. Provide requested information
  4. Keep making payments on your old card and monitor your account so you know when the debt on the old card is paid off and show up on the new credit card which means it’s time to pay down.
  5. Keep your old credit card and account open if it doesn’t charge an annual fee. It helps to keep your credit score better.

Credit cards Zero balance transfer simply put is a type of credit card that allows users to move high-interest debts unto a credit card with lower rate which is usually at zero percent for well over a year. You can save hundreds or even thousands of monies in interest by transferring a balance to one of these cards and in turn, use this money to get out of the debts owed faster. However, this is not always a  guaranteed solution to high interest debts due to the fact that most of these promotional zero percent Annual Percentage Rate (APR) charge balance transfer fees usually ranging from 3% to 5% of the sum being transferred while some tend to waive or do not charge you for a period of time when you newly open your account, this is called the “introductory period”. So, it is advisable that before moving forward with a balance transfer, you have to consider if the amount you will save in interest is enough to cover for any transfer fee.

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