Best 0% p.a. Balance Transfer Cards
Below are a range of credit cards that offer a 0% interest rate on balance transfers for 6 months or more. If you currently have some credit card debt which you want to payoff, a good idea is to transfer your current debt to a 0% balance transfer credit card. This can give you a kick start to making payments and reducing your overall debt while not paying interest on the balances you transfer.
Featured Citibank Credit Card
The Citi Clear Platinum Card comes with platinum rewards along with a low rate on purchases. Enjoy high credit limits and complimentary travel insurance. This card has lots of leading features and benefits. Good credit history needed for approval success..
- 11.99% p.a. on purchases
- 2.9% p.a. for 12 months on balance transfers
- $99 annual fee
- 21.74% p.a. on cash advances
Featured Low Rate Balance Transfer Credit Cards:
| Interest Rate (p.a.) | Balance Transfer Rate (p.a.) | Annual Fee | Cash Advance Rate (p.a.) | |||
|---|---|---|---|---|---|---|
 Citibank Clear Platinum Card |
Enjoy a 0% p.a on balance transfers for 6 months plus a range of platinum privileges. | 11.99% | 2.9% for 12 months | $99 | 21.74% |   |
 ANZ Low Rate MasterCard – Balance Transfer |
Save money with low rate on BT and Low Annual Fee. | 0% for 3 months (reverts to 13.24%) | 0% for 3 months | $58 | 21.49% | |
 ANZ First Visa Credit Card |
Get an ANZ First Visa card now and enjoy a low BT rate and low annual fee. | 0% for 3 months (reverts to 19.24%) | 0% for 3 months | $30 | 20.99% | |
 Bankwest Breeze MasterCard |
Experience the benefits of a low rate credit card with Bankwest Lite Mastercard and feel the rewards of saving on interest charges. | 10.99% | 4.99% for 12 months | $69 | 21.99% | |
 HSBC Credit Card |
Enjoy $0 annual fees for the life of the card, With a low rate on balance transfers | 17.99% | 0% for 6 months with 2% handling fee | $0 | 21.99% | |
 St George Vertigo |
The low rate shopping card featuring one of the lowest purchase rates, a low 6 month balance transfer offer and low annual fee. | 13.24% | 0.99% for 12 months | $55 | 21.49% | |
Balance Transfer for Life Credit Cards Information
People use balance transfer credit cards for a variety of reasons that range from making money from balance transfer and credit card arbitrage to paying down and reducing high interest debt by applying for zero per cent to low interest credit card offers.
Those trying to earn money by making multiple balance transfers are usually more focused on finding no fee 0% offers that last for a period of one year and those trying to pay down credit card debt generally have a long time span in mind.
Our central point here is to offer some useful and practical help to those struggling with high interest credit card debt. We also help them understand and find more manageable ways of relieving and resolving this financial load.
Credit card debt is especially hard to handle if you compare to other forms of loans for the reason that it is usually associated with high interest rates in excess of 15-20% or more depending on individual’s credit score and history. If the credit card debt remains unpaid for a long time, the interest will continue to accrue, and the balance can balloon out of control very quickly.
That’s why it becomes a prime responsibility of people to make a concerted effort towards paying off the debt through regular payment increments. The key to making higher sums of unpaid credit card debt more acceptable while you reduce or make progress on it incrementally is to switch those high interest debts over to accounts that offer lower rates. This can be accomplished by shifting the card balance over to 0% balance transfer introductory APR offers and through the use of so-called lifetime balance transfer credit cards that provide low interest rates.
For people who maintain more than average to excellent credit scores, we recommend them to take 0% balance transfer scheme and apply for no interest balance transfers because it offers the least amount of financial investment and no interest is laid on to be borne as long as people continue to pay off regularly each month’s minimum card balance.
The biggest negative point with 0% cards is that the longer duration offers generally impose some type of 3% advanced balance transfer fee. No balance transfer fee is more attractive offers that usually have a very short duration which is limited to 6-12 months periods. Another drawback with 0% offers is that after a period of six months or one year promotional period starts running its course and people will need to apply for another balance transfer card if they like to keep rolling over their interest-free debts. If people anticipate paying off their debt soon within a time period of a few months or within a year, 0% balance transfer is a better option for them.
A large number of people coping with the inability of paying off their credit cards debt in such a short span of time. In addition, many have some tough time managing and handling the stress involved with tracking balance transfer offer expiration dates. They have to worry about if they will qualify for another
0% balance transfer card offer later on when the time or need arises. Luckily, there are several alternative options for those with considerable amount of credit card debt and options are also available for those who find 0% balance transfers credit cards too short and hard to handle.
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Posted on Wednesday, March 31st, 2010 at 10:08 am
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