There would be tight situations for many to pay off their 75% monthly salary for the interest that credit card poses. This has become a usual situation whenever you have two or three cards and then build up your interest in every card you hold. Without and until we get away with the due, every month we would be piled up with huge amount as our interest and then get into trouble. The only way to keep yourself at peace and further proceed with your normal economic life would be to use a 0 Balance Transfer.
What Is a 0 Balance Transfer Credit Card?
This 0 Balance Transfer gives people a 0% APR. This is generally for the first year billing. For further years, it depends on the card you hold. With this 0 Balance Transfer Credit Card, you can transfer the high interest credit to your newly built account. This card will give you enormous time to pay off your principal interest. This is not just an easy offer that one can pursue as it is, but one has to consider several available choices too and then do a lot of comparison between them. One must get clear with all the details of every card and then get committed to it. You have to check out that your card really describes what you want. There are certain issue with cards that offer 0% APR for balance transfers and together for purchases. Sometimes certain cards would give you a 0% APR only for the balance transfers. In that case, you have to check out the full details of the card. All the transfers to your new account will be charged a minimum of 5 USD to 70 USD. This solely depends on your credits. One has to check out such details too in the card you get.
The Best Choice of Credit Card
Many credit card companies are ready to offer you many new choices to help you get away with your interests. These companies bring in new offers just to compete with their counterparts. This situation would help almost all people when they come in touch with such fiercely competitive restructured companies.
Some of the main companies that are very famous in the field are,
- Citi Diamond Preferred Rewards Card: This 0 Balance Transfer Credit Card gives a one year interest free fund and also nil transfer charge for balances. They work on the points given based on every purchase. Whenever we spend a single USD, we get five reward points. In addition, an initial bonus of 5000 points is being given. For every 5000 point one could get a gift worth 50.00 USD.
- The Chase Platinum Credit Card: They have been long years in this business. They have been maintaining this to be a standard offer to all customers. It is very advantageous in that it offers almost 0% APR on all purchases apart from giving a 0% in balance transfers.
Whatever offers may come and go, we must be clear in choosing the best card applicable to all situations. One has to analyze well before committing to any offer. This would give a glory economic living.