Have you considered a 0% balance transfer card?

Many people with outstanding balances on their credit cards are not taking advantage of 0% balance transfer incentives offered by other lenders.  Changing credit card companies and moving balances from one card to another is often viewed as a difficult task but that simply isn’t the case!  Banks and credit cards providers are making it easy to switch plus they are offering a variety of enticements, including 0% balance transfer, to new customers. 

The secret to getting the best possible deal on a 0% balance transfer is to shop around.  Although that may seem pointless when you are just looking for an interest free deal, there are other important points to consider:

Find out how long the introductory offer lasts.  Most credit card providers offer 6 months but some will give 0% balance transfer for 9 months.

There are credit card providers which will give you 0% balance transfer for the lifetime of the balance.  Read the terms and conditions carefully because there is usually a minimum spend each month required to qualify for the deal.

If you don’t plan to pay off your balance within the introductory period find out the standard APR you will be charged on your outstanding balance.

Most companies do not charge an annual fee but some still do. 

Other incentives such as 0% interest on purchases, cash back or loyalty points are sometimes offered by banks or credit card providers to entice you to change to their credit card.