Credit Card 0 Balance Transfer Guide

If you decide to do a balance transfer you should try to find one that has a credit card 0 charge for the service. The process of transferring your balance can help you reduce your debt quickly especially if you can get a card that has 0 charge for their service. An offer for a credit card 0 percent on transfers is usually only introductory so you must be diligent about paying off as much of the debt as you can before the offer runs out. In addition there are usually other benefits that you can compare when you choose a credit card.

Offers for credit card 0 charge on balance transfers:

* ANZ Low Rate MasterCard – This credit card 0 p.a. on balance transfers for six months. It also offers 12.74% p.a. for purchases, 20.99% p.a. on cash advances. In addition there are 55 interest free days and an annual fee of $58.

* ANZ Balance Credit Card – The balance credit card 0 p.a. also for six months. This card also has a reward system which gives you one point for each dollar spent including your balance transfers and interest and fees. There is no cap for these points. Purchases have a 13.74% p.a. and there is an annual fee of $79. The interest free period is 55 days.p>

* Citibank Clear Platinum Credit Card – Again the 0.99% p.a. lasts for six months. The purchase interest rate is 11.49% p.a. and there is an $49* annual fee. The reward system includes a concierge service and special entertainment experiences as well as international travel insurance. The minimum income for this card is $50,000 per year. p>

* HSBC Credit Card -  Featuring 5.99% p.a for the first 6 months. Purchase interest rate on this card is 16.99% p.a. and there is no annual fee. The interest free period is 55 days and there is a $50 cash back per $500 spent for the first three months you own the card. In addition you gain access to their Home & Away reward programme.

As you can see there are many other benefits offered on credit cards 0 p.a. programmes. The only issue that comes with some of them is that if you take advantage of the purchase benefits you will wind up paying interest on them until after you have paid off the balance transfer debt. This could mean a lot of additional cost. You may want to only use the card for the balance transfer until it is completely paid off.

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