You are probably wondering why a 0% balance transfer article is doing on a site that markets to people with bad credit.  We are happy to say that its been almost 6 months since we partnered with FES Education and credit restoration and some of our clients are reporting HUGE improvements to their credit.  But in order to build their credit, they had to obtain bad credit cards with high interest rates.  Now that they have a higher credit score, this has  opened them up to the ability to apply for credit cards with  better interest rates.

So next lesson is to start helping them to get their debt under control.  One way to do that is to lower the amount you pay in interest.  In this article, let’s talk about the advantages that a zero balance transfer credit card can bring you and how you can choose the right one out of the many choices.

Zero Percent Interest Credit Card Advantages

What are the benefits of applying for a new credit card? Acquiring a zero interest rate balance transfer credit cards will bring you the following benefits:

Pay just one card.

When you use a 0% APR card, there’s no need to juggle credit card payments. Once your balances have been transferred over, you only have to submit one payment each month.

Save by not paying the additional interest rate.

Find a credit card that offers 0% introductory rate on balance transfer and you can save a big amount of cash by not paying interest rate charges.

Avoid a massing excessive debt 

Remember, carrying a balance with each card from month to month means incurring interest rate charges. Transferring your balances to a new credit card eliminates the risk of continuous debt accumulation.

Choosing the Right 0% APR Balance Transfer Credit card

Which 0% balance transfer card should you get? Remember that the zero rate is only a temporarily deal, the 0% APR will not last forever. The introductory period may last from 6 months to 12 months or longer, depending on the issuer. Within that period, you should be able to complete you payments to enjoy the zero interest rate offer.

Check how much the regular interest rate would be when the introductory period ends.

Make sure that the regular rate will still be reasonable. Watch out for high fees! For instance, your zero rate card may charge an expensive annual fee or unreasonable finance charges each time for transfer balances.

Transfer balances only from your high-rate credit cards.

Don’t forget to check your zero APR card’s credit limit as maximizing or exceeding your limit may cause your credit score to drop. If you have an excellent credit score, it’s a smart move to request your chosen credit card for a higher credit limit.

Once you transfer balances, focus on credit card debt repayment.

See to it that you do not incur new charges with your old credit cards while you are still trying to pay off your debts. If you must use a credit card to prevent your account from automatically closing out, choose a small amount of purchase and pay your full balance right away.