Zero Percent Balance Transfer Deals
April 6th, 2011
Zero Interest For An Introductory Period
Taking control of your financial future means understanding the best way to make purchases and transfer funds using your credit card, while avoiding high yearly fees and interest rates. Using a zero percent balance transfer credit card is a great way to accomplish this. These cards have a zero percent introductory interest rate! This means that if you make purchases during this introductory time period, you will not be charged any interest on your repayments. Now we all know that interest added to the price of our purchases is what adds up and makes staying on a strict repayment schedule difficult. Making your repayments during this introductory repayment period could literally save you hundreds of dollars!
Transfer Funds When You Need To
If you need to move your cash around in order to pay bills or make purchases, then you should be aware of transfer fees. These fees are charged when you move money from one card or account to another, and if they are large fees then you could end up losing more of your hard earned cash. Having the freedom to move your money around when you need to without paying a large amount of transfer fees is important for anyone looking to properly manage their debt.
Interest Rates
Most credit card companies offer an introductory interest rate, which is a great way to save money when making purchases, but these rates invariably return to a standard rate after a set period of time. If you are looking to manage your debt then you should be looking for a credit card that offers you both a great introductory rate, but also one that offers a fair standard rate.
Annual Fees
Annual fees are part of having the privilege of a credit card. While an annual fee is a necessary part of using a credit card, it should not reduce the usefulness or the convenience of having a credit card in the first place. Always be sure of what you credit card company is planning to charge you as a annual fee.
Making A Wise Choice
Taking the factors of introductory interest rates, standard interest rates, transfer fees and annual fees into consideration when choosing a credit card could be one of the smartest things that you can do to properly manage your debt. One the best choices currently available is the ANZ Low Rate MasterCard, because it offers an annual fee of $58 while giving you 55 days of interest free shopping. You will also get 2.9% on balance transfers for the firs 18 months and will pay a competitive interest rate of 13.49% p.a on all purchases. Use this zero percent balance transfer card to manage and move your funds as you need to and you will be on the way towards controlling and reducing your debt.