Are you finding yourself swamped by the cost of servicing credit card debt? Is it affecting your quality of life? Are you so stressed that you don't know where to begin to solve your problems? Sometimes solutions are so simple we don't consider them. The simplest answer to your problem in the short term is to transfer the balance of your current credit cards to an introductory zero or low rate credit card. The best of these cards will be credit cards with no balance transfer fees since your aim is not just to lower your interest payments but also all other costs associated with your credit cards.
When comparing introductory offers, try to narrow them down to credit cards with no balance transfer fees. Once you have done this, compare your short list of cards with regard to introductory interest rates, introductory terms, regular interest rates, ongoing fees, charges and penalties. By taking the time to do this, you will make sure that you are gaining a genuine insight into the comparative benefits of different credit cards. It is important to obtain the longest introductory period possible to gain the most benefit from a balance transfer credit card, all else being equal.
In this day and age, the easiest way to get a list of introductory offer credit cards with no balance transfer fees is to do an online search. This will throw up a host of results that you can follow up on. However, it is easier to focus on websites that have done a lot of the hard work for you by providing you with comparisons of a number of cards. This one-stop-shop credit card sites can make the process very convenient. Not only do they narrow down your focus by giving you a choice of the best credit cards, most also offer online applications. The ability to apply online can take a lot of stress out of the process because you don't have to try to get time off work to attend an appointment or juggle other commitments to do so.
The whole point of balance transfer is to gain a long term, rather than simply a short term benefit. So it is important to get the best deal that can give you this. The idea is to achieve immediate relief as well as long term financial improvement. To do this, it is important to avoid spending up to the savings you will make on monthly interest costs. Of course, if you aren't making ends meet currently because of interest charges, you do need to free up enough money to put yourself back in the black where living expenses are concerned.
However, if you don't earmark some of the money (as much as possible) to reduce your credit card balance, you will not improve your financial position over the long term. You will also find yourself back in a high stress position before you know it. Introductory credit cards with no balance transfer fees can potentially turn your finances and your life around. The key to using them successfully is to stick to a budget that includes paying down the debt. If you do this, you will be on your feet again in no time.
