Many companies now have products that offer a 0% interest rate on balance transfers from other credit cards.
These balance transfer credit cards offer the 0% rate for an introductory period following the acquisition of the new card by the card holder. The period can last for several months, providing significant interest rate savings in many cases. This can provide important leeway, with many card holders using this saved money to pay off the balance of the debt, as one example.
Terms and conditions apply to balance transfer credit cards, in addition to the charging of a percentage-based fee. It's important to read the small print, making sure that any planned financial gains can come to fruition.
Disclaimer All credit card APRs, features, charges, benefits and other information listed by Fair Investment Company Ltd represent the most recent information available at the time of writing. Every effort is made to keep the site accurate, however we cannot guarantee that a credit card issuer has not increased or decreased one or more of the APRs or fees/charges associated with a particular card or changed its features, obligations or benefits. Please be sure to read the credit card agreement fully and carefully before making any agreement.