Find out which are the top 0 balance transfer credit cards. Understand why now may be just about your last opportunity to grab a zero rate balance transfer credit card.
It would seem to be the case that
0 balance transfer credit cards
are far less widely available than they were several months ago. As the economy nudges itself back in the right direction, credit card providers are realising that they don’t have to work so hard to win your custom any more. Rates and fees have been sneaking up on many cards, so if you are in need of a
0 balance transfer credit card
, then now would be an excellent time to make your choice.
Top 0% Balance Transfer Credit Card:
A 0 balance transfer credit card offers the chance to enjoy a zero rate of interest on your credit card debt for several months, but no longer than six months. One of the credit cards still offering this six month period is the ANZ Low Rate MasterCard. This also offers a low interest rate of 12.49% for when your transfer is repaid and you want to use the card for purchases. It also has a reasonable annual fee of $58.
You could also check out the
ANZ Balance Visa
, which offers 0% for six months, but with a slightly higher regular interest rate of 13.49% and an annual fee of $79. This
0 balance transfer credit card
has the distinction of being the only credit card in Australia that earns you rewards points for every dollar you pay off your balance, thus encouraging a healthier approach to clearing your balance every month.
The Macquarie Bank RateSaver Visa Card is offering 0% for four months, with a regular rate of 11.95% and an annual fee of $50. Once you start getting down to four months and less, though, then you are looking at pretty small debts to transfer. After you’ve added in the $50 balance transfer fee, you will need to know you can clear your debt in full or the whole exercise may not save you anything at all.
The past year has been something of a heyday for
0 balance transfer credit cards
. As the credit card market is now responding to the improving economic situation, the consumer will naturally have less chance to grab a great deal. It is therefore very important for anyone wanting a 0% balance transfer to get in now whilst they are still around. With the way the market is moving, you may soon struggle to find a 0% rate on balance transfers for any amount of time.
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Posted on Wednesday, March 31st, 2010 at 11:52 am
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