Featured Balance Transfer Credit Card
Skip back in tune to better control of your finances using an ANZ Low Rate Mastercard. It offers a low annual fee and low rates for purchases and balance transfers to help you hear the call of bigger savings.
- $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
- Add up to 3 additional cardholders for free.
Read the ANZ Low Rate MasterCard – Balance Transfer terms and conditions.
How to Get Credit Card Debt Relief with Balance Transfer Cards
If you’re looking for ways to get some credit card debt relief with balance transfer cards, then you’re already aware that your finances are in trouble. However, by taking positive steps to look for ways to solve your problems, you’re on the right track to regaining control of your financial situation again.
There are several benefits to seeking credit card debt relief with balance transfer cards, but the main thing is that you’ll be able to reduce your debt levels far more quickly.
Benefits to Finding Credit Card Debt Relief with Balance Transfer Cards
Take a look at your current credit card statement and see if you can find how much your current interest rate is right now. It’s going to be substantially higher than the rate you’ll pay on a balance transfer card, so simply switching to a card with a much lower rate is going to start saving you money right away.
If you’re still looking at your statement, take a look at how much your payments are each month and notice how little of that money comes off your debt levels. The majority of your payment is eaten up by interest charges, so it can seem like it will take you forever to get out of debt.
Yet if you seek credit card debt relief with balance transfer cards, you could find that the greatly reduced interest rate means more of your money is going towards your debt level each time you make a payment. This makes it far easier to get rid of that credit card debt more quickly.
You also have the opportunity to roll the balances from more than one card into your new balance transfer card. This can mean streamlining your banking so you only have one payment to make each month instead of several different accounts to worry about.
You should always keep in mind that the low rate offered by most balance transfer cards will be an introductory period only. This means you’ll benefit from a really low interest rate for only as long as the introductory period extends. Once it expires, your rate could revert to a much higher interest rate.
Related posts:
- Using a Balance Transfer to Get Relief from Your Credit Card Debt
- Will doing a balance transfer have any impact on my credit file and history?
Posted on Monday, January 17th, 2011 at 2:47 pm
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