For a while, 0% balance transfer credit cards disappeared from mailboxes.
Now, though, they are starting to make a comeback as the economy improves, and as credit scores start to rise.
If you are looking to transfer some of your higher-interest credit card balances, you can use one of these offers — you usually receive 0% on purchases for the introductory period as well.
Saving Money with 0% Balance Transfer Credit Cards
One of the great things about the best 0% balance transfer cards is that you can save money in interest, and pay down your debt faster.
These credit cards don’t charge you interest on the balance transfer for the introductory period, so whatever you pay goes right to your balance. This can help you get out of debt faster. Of course, make sure you pay more than the minimum to really take advantage.
Additionally, if you plan to make a large purchase and have a card that offers a 0% introductory APR on purchases, these kinds of credit cards can help you get what you want and then pay it off quickly — without paying interest at all. It’s a great way to save money instead of putting the item on a high interest credit card, or getting a loan. Continue Reading