Featured Balance Transfer Credit Card
ANZ Low Rate Mastercard is your passport to low purchase and balance transfer rates, low annual fee and up to 55 interest free days on purchases so you get high on benefits, not on high interest payments.
- $58 annual fee
- 0% p.a. for 3 months (reverts to 13.39% p.a.) on purchases
- 0% p.a. for 3 months on balance transfers
- Cash Advance Rate of 21.49% p.a.
- 55 days interest free
- MasterCard promotions gives you access to special promotions such as competitions and travel holidays.
Read the ANZ Low Rate MasterCard – Balance Transfer terms and conditions.
Apply for the Right Low Rate Balance Transfer and Interest Charges Need Not Apply
If you’re finding it hard to pay off your credit card debt, you should be considering thinking about a 0% offer for a balance transfer and interest charges will become a thing of the past.
Of course, the majority of 0% balance transfer offers extend for a limited time only, usually around 6 months. This isn’t enough to stop you from ever paying interest on your credit card debt ever again, but there is an alternative.
The easiest way to never pay interest on your credit card spending is to be diligent about repaying your entire balance each month and enjoying the interest-free days offered by most credit cards.
However, if you’re already facing a mountain of credit card debt that needs to be paid off, there is a way to never have to worry about interest charges again.
Become a Credit Card Tart
A credit card tart is a smart cardholder who is willing to take advantage of a balance transfer and interest rates as low as 0% for the introductory period. Then, once the 0% rate expires, these cardholders are quite willing to take their business to the next bank in line offering a 0% interest rate.
While you’re hopping from bank to bank to find the lowest possible rate to pay on your outstanding credit card debt, you should also be trying to make sure you put your interest savings back towards your debt. Pay as much as you can sensibly afford off your debt as often as you can to help reduce it once and for all.
For most people, this can take longer than the six month introductory period, so the chances of your rate remaining at 0% are slim, unless you apply for a new balance transfer offer with a different bank and extend how long your rate lasts.
However, once your debt is repaid, use a little fiscal common sense and work towards avoiding your credit card debt building up to those levels again in future.
So stop paying high interest rates on your credit card debt. Apply for a low rate or 0% balance transfer and interest charges will become a thing of the past.
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Posted on Friday, January 14th, 2011 at 12:58 pm
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