Zero Percent Credit Card Balance Transfers

Managing a multitude of credit card payments on several different cards can become confusing since they all have different due dates and different APRs. If your credit is good enough, you can locate a zero percent transfer balance credit card. If used wisely, a zero percent transfer balance credit card is a great tool for consolidating your debt for free.


Most credit card companies offer zero percent transfer balance credit cards as a way to drum up new business. Consumers just need to fill out their applications, and if approved they can immediately transfer the outstanding balance on a limited assortment of their other credit cards. For a pre-specified period of time, they will have a window of opportunity to pay off their existing debt and not get charged extra for it.

With a zero percent transfer balance credit card the interest a consumer needs to pay on debt is deferred for a period that varies in length from 6 months to a year. However, if you do not take the proper steps to pay off the outstanding loan by the end of the promotional date, you will be hit with huge finance charges. The best way to ensure financial success is to find out the official pay off date and schedule monthly automatic payments to adhere to that plan.

It is also important that you do not add any additional debt onto the card where previous balances were transferred. By using an interest free loan properly, you can benefit in many ways. You can pay off the balance, clean up your debt, improve your credit score, and even reduce the stress level often associated with financial strain.

All zero percent transfer balance credit card offers differ from card to card. It is important to review all the terms of the agreement before transferring your money. Then once you are approved for the new line of credit, use it to your best advantage.