Credit cards with no balance transfer fees are probably not the first option people consider when they are in a financial jam, but they should be. Why would anyone in their right mind pay hundreds of dollars of interest every month if they don't have to? Whatever the reason, most of us have done it. Perhaps the credit card dance of robbing Peter to pay Paul does cause us to lose touch with our financial reality. It certainly can keep us so busy that we don't see the solution even if it is looking us right in the eye.
There is a lot of competition among lenders to gain new customers by marketing credit cards with no balance transfer fees and of course the best rate of all is zero. You can take advantage of this competition to transfer the balance of your current credit cards to an introductory offer low interest card and in so doing save hundreds of dollars every month. If you use this saving to reduce your credit card balance, your decision can help you establish a solid financial future. Furthermore, there is nothing to stop you from transferring the balance again at the end of the introductory period to yet another low rate card.
Don't worry about how to get credit cards with low interest rates, there are plenty on the market. The easiest way to find them is to do an internet search. Specialist credit card sites that offer a range of cards to choose from, including introductory low rate cards, provide the most convenient way to research, evaluate and apply for a balance transfer credit card. For many people working hours and other obligations can get in the way of being able to conduct business during normal hours. Online applications can be done from the privacy of your own home at any time of day.
Look for the longest introductory period when you are evaluating credit cards with no balance transfer fees. Ideally, your introductory period will be at least twelve months. This is long enough to avoid serious inconvenience if you want to transfer the balance again at the end of the low rate term. It also is also a long enough length of time to be able to make serious inroads into debt reduction. If you are already experiencing such severe deprivation that you cannot continue paying out the same monthly amount, even to pay down debt, then you can put more money in the family budget and use a smaller amount to reduce your credit card balance. If you don't take action to reduce your debt, you will ultimately find yourself in the same situation.
Be prepared to use the introductory period to pay down your balance as well as to simply take pressure off your budget. Credit cards with no balance transfer fees can have a long term positive impact on your finances if you are prepared to sacrifice some of the immediate interest savings to reduce debt. Transferring your credit card balances to a low rate, balance transfer card can make a world of difference to your finances and your life. You have nothing to lose and everything to gain.
