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Fees and charges for balance transfers
Posted on August 3rd, 2010 No commentsBalance transfers are often looked through mainly as a way of lowering the interest that is charged, and it is a very effective way of doing this. However there are also charges that should be taken into account when arranging a balance transfer.
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Watch for the cash advance trap
Posted on June 29th, 2010 No commentsBalance transfers are often done to a new credit card to get the cheapest interest rate. However some credit card users can find that they have a poor credit card interest rate after the introductory period has ended.
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Why you need a separate card for balance transfers
Posted on June 7th, 2010 No commentsCredit cards can be quite complicated and there are some cleverly concealed charges. However these charges are actually quite easy to understand, and once understood it is fairly simple to take advantage of them so that the credit card provider does not make too much of a profit from the card user.
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Balance transfers are often looked through mainly as a way of lowering the interest that is charged, and it is a very effective way of doing this. However there are also charges that should be taken into account when arranging a balance transfer.