Free Balance Transfer Credit Cards
Are you looking for free balance transfer credit cards? If you do, then know this; there is no such thing as a free balance transfer credit card. Every credit card will end up costing you money.
Some are more expensive while balance transfer cards are usually a lot more cost-effective and here is why.
With a free balance transfer credit card you can reclaim your financial equilibrium:
So you are in credit card debt and whatever you did to date didn’t work to restore the balance of your finances. The red figures just keep getting larger while your composure gets worse. Not to mention the lack of sleep you have because you worry about money all the time.
It’s time to stop worrying because when you learn how these free balance transfer credit cards can change your life around for the better you will whoop in delight.
Why free balance transfer credit cards are not free and how you shouldn’t get caught up on the word free:
Free balance transfer credit cards usually refer to zero percent credit cards. These are 0% p.a. balance transfer cards meaning you won’t pay any interest on that card for the term the deal is offered.
Most lenders do this for six months after which the balance transfer rate will revert to the standard variable interest rate per annum.
Standard features of the best 0% p.a. balance transfer cards:
- 0% p.a. balance transfer rate.
- Up to 55 days interest free on purchases.
- A low annual card fee.
- Bonus features.
- A low interest rate p.a.
As you can see, despite the tag ‘free’ many of these cards will cost you and annual card fee and usually they all charge interest made on purchases.
Even with a 55 day interest free period you might end up being charged interest depending on your debt because the card will be charged at the lowest interest rate first which is the balance transfer rate as long as you are in debt.
Therefore you should avoid using this feature as long as you pay off your free balance transfer credit cards
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Compare Australia's Best Zero Credit Card Offers
Compared below are a handful of the best credit cards with a 0% balance transfer offer or a $0 annual fee. Enjoy the best rates and fees on your credit cards - zero!
| Credit Card | Card Details | Interest Rate (p.a.) | Cash Advance Rate fee (p.a.) | Balance Transfer Rate (p.a.) | Annual fee | Interest free days (up to) |
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