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0 Interest Credit Cards Balance Transfers

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The first, a Mastercard, offers 0% interest credit card balance transfers for the first fifteen months. This interest rate applies only to the transfers - not to any purchases made during the introductory period. The annual percentage rate (APR) for the purchases is low however - a good 7.99 percent. The computation for the APR is based on the average daily balance that includes any new buys. There is no annual fee, and this card offers a credit line up to $50,000. The grace period on this 0% interest credit card balance transfers offer is 25 days, and there is no setup or transfer fee.

This business credit card carriers a maximum late fee charge of $39, with a minimum of $15, depending on the balance at the due date. The fee for charges over the credit card limit also caps at $39. With this credit card offering 0% interest on credit card balance transfers, there are no travel, shopping or cash rebate offers.

Another of the 0% interest business credit cards offering balance transfers charges an annual fee of $75 and a $35 charge for any additional credit card issued on the account. It does, however, waive the first year's fee if the credit card application is completed online. Late fees never exceed $30, however, there is no grace period at all. There is also an annual $30 fee for the program that offers membership rewards. These rewards include reports on expense management, an everyday savings program for purchases such as gas and groceries, and savings with designated merchants in the area of hotel, auto rental, computer equipment and overnight delivery.

The third of these business 0% interest credit card balance transfers offers gives five percent rebate on when you fill up at your favorite gas station, and a six month introductory period for balance transfers only. The credit line with this card could be as low as $1000 or as high as $50,000, with an APR approximately 10-18 percent dependent on the business' credit worthiness. After the introductory period, the transferred balance carries a low 4.99 percent. That is a fixed rate and will remain until the balance is paid in full.

0 Interest Credit Cards Balance Transfers

A 0% interest credit card balance transfer can go a long way in alleviating financial stress. I know that with a lot of Americans the feeling of being overwhelmed can be quite stifling. If you happen to carry a high amount of credit card debt you may feel as though you will never get it completely paid off.

Compounding this problem is the fact that many credit card issuers will raise the Interest rates on people carrying substantial debt because they are considered to be a greater credit risk. Sounds cold doesn't it? They just keep piling it in.

If this is your present situation then you can at least take some solace in the fact that you are not alone. More and more Americans find themselves deeper and deeper in debt. There are many reasons for this and really no reason to go into that here. That is an exhaustive subject unto its own.

A viable solution can be found in 0% interest credit card balance transfers. They are becoming an increasingly popular way to consolidate and manage credit card debt. And credit card issuers including Bank of America, American Express, Discover Card and Chase are eager to issue them.

These are great promotional instruments for the banks and credit card companies. What they are actually hoping for are to, of course, gain new customers. But ultimately they know that many of these new customers will carry the debt that they transferred beyond the introductory period.

They have this down to a science and know full well that the majority of people are going to do just that. And the credit card company rakes in huge profits from the interest payments. But I'm here to say that it doesn't have to be that way.

Take advantage of 0% interest balance transfer credit cards by setting up an aggressive payment schedule. Most introductory rates last between 6-12 months. Do some quick math and see how much you would need to pay back each month to pay off the debt before the introductory rate expires.

And take heart. Even if you can't afford to pay it off in full you most certainly can take advantage of the zero percent interest and pay off a substantial portion of it. And now you are well on your way to being free of credit debt and those nasty interest rates.

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Morgan Hamilton has sinced written about articles on various topics from Credit Cards, Women and Guided Meditation. . Morgan Hamilton's top article generates over 201000 views. to your Favourites.

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