RateCity
Balance Transfer Credit Cards
RateCity reveals the dark side of your shiny new credit card.
When your credit card debts start climbing into the red, it's natural to consider a new card as you start hearing things like "0% on balance transfers for 6 months".
While you would think that you're signing up to half a year of interest free debt, there are a few things to look out for.
Firstly, make sure you qualify for the low introductory rate. Many credit card companies impose strict credit ratings.
Balance transfers can have transaction fees, so check that you're not paying hundreds when you switch over your debt. It's also important to read the conditions, because many lenders skyrocket rates as soon as you miss a payment.
Be a cautious shopper and enjoy a break from debt.
The table below shows Visa cards with the lowest balance transfer rates.
Related search: Compare balance transfer rates on credit cards.
When your credit card debts start climbing into the red, it's natural to consider a new card as you start hearing things like "0% on balance transfers for 6 months".
While you would think that you're signing up to half a year of interest free debt, there are a few things to look out for.
Firstly, make sure you qualify for the low introductory rate. Many credit card companies impose strict credit ratings.
Balance transfers can have transaction fees, so check that you're not paying hundreds when you switch over your debt. It's also important to read the conditions, because many lenders skyrocket rates as soon as you miss a payment.
Be a cautious shopper and enjoy a break from debt.
The table below shows Visa cards with the lowest balance transfer rates.
Related search: Compare balance transfer rates on credit cards.
