0% Balance Transfer for 6 MonthsSTART NOW

0% Balance Transfer for 6 MonthsThe main points you should know about 0% balance transfer for 6 months credit card offers.

01

Key Points

• What are 0% balance transfer for 6 months?

Have a brief knowledge about the this type of credit card offers.

• How to Compare 0% Balance Transfer Credit Cards?

Tips on how to know the best 0% balance transfer credit cards.

• How to Use 0% balance transfer cards?

Guidelines on how to use 0% balance transfer credit cards.

What are 0% Balance Transfer Credit Card Offers?

02

We know 0% balance transfer cards can save us money. How do they work, and is there anything we should be looking out for when comparing these cards?

The banks have come up with the perfect product to address the problem of credit card debt. Of course the product is designed to make the bank a profit, however if used correctly a 0% balance transfer could be the key to getting rid of your credit card debt once and for all.

The advantage of doing this is that for a special promotional period you will not be charged any interest on that transferred balance. This means you will save vast amounts of money in interest charges, giving you breathing space to pay your debt off faster.

Have a brief knowledge about 0% balance transfer for 6 months.

How to Compare 0% Balance Transfer Credit Cards

03

0% balance transfer for six months 0% balance transfer deals are offered for a limited amount of time. Each card will have its own set time limit, but most will give you six months to get catch up on your debt. Once the promotional time period has expired, interest will be added to the balance if it has not been fully paid off.

Balance transfer rates and purchase rates When you are comparing 0% for six months balance transfer cards, you should understand that these cards should be used for a balance transfer only.

With all of the 0% balance transfer deals being offered it can get very confusing comparing them. If you need some help doing a balance transfer side-by-side comparison, then this slide will help you find out exactly what you should be looking for in a card.

How to Compare 0% Balance Transfer Credit Cards

04

There are some cards that offer a 0% rate for balance transfers and for purchases. If you need a card for both, this may work for you.

You must make sure it that the 0% interest rate lasts the same amount of time for both the purchases and the balance transfer.

Continued…

It is important to find out exactly what the interest rate will be once the introductory time has expired.

If you're going to have to pay a 20% rate of interest after six months, and you don't feel that you can get your debt handled within this time frame, then you would be better off looking for a 12 month or longer balance transfer card that offers a low rate.

How to Find the Right Card?05

Guidelines on how to choose the right 0% balance transfer credit card for you.

Here are some things you should look for when you’re doing a comparison between 0% balance transfer credit cards.

Find the credit card that has the longest promotional period for the 0% interest rate.

Compare the interest rates for purchases.

See if they have any extra rewards.

Find out if the cards offer both a 0% interest rate for balance transfers and for purchases,

and whether they last the same amount of time.

Once the 0% for six months has finished, find out what the new interest rate will be on the

balance transfer.

How to Find the Right Card?06

Guidelines on how to choose the right 0% balance transfer credit card for you.

Find out if there is a handling fee on the transfer.

Read through the terms and conditions and find out how the payments will be applied.

If you use your card for purchases and the interest rate is higher than the balance

transfer rate, none of your payments will go towards your purchase balance until you

have finished paying off your balance transfer. This means that interest will continue to

grow on your purchase amount, and you will be accumulating new debt while you are

trying to pay off the old one.

Continued…

How to Use 0% Balance Transfer Credit Cards

07

1. Fill out an application. After you have completed a

credit card comparison and feel satisfied that you have

found the right 0% balance transfer card, you are

ready to fill out your application.

2. Start paying off your debt. The first thing you are going

to have to do is set up a budget to make sure that you

can meet the monthly payments and get the debt paid

off within the introductory time period.

Tips on how to use 0% balance transfer credit cards.

How to Use 0% Balance Transfer Credit Cards

08

3. This is a balance transfer card only. This card is designed for a specific purchase and

must be used that way. The thing that you can do is hide the card anyway so that you

never use it for any purchases.

4. Find out when it ends. You need to be very clear about the end date on the

introductory period for your 0% balance transfer card so that you can set a target date

for paying it off.

5. Make use of the entire promotional time period. The sooner you can transfer over the

balance to your new card, the sooner you can start taking advantage of the 0% interest

rate.

Tips on how to use 0% balance transfer credit cards.Continued…

Thank YouFor Watching