| Card
of the Month: Enjoy 0% on purchases AND balance transfers for
12 Months
|
Credit cards with low APR (annual percentage interest
rate) are used successfully by financial institutions to entice credit
card holders to transfer their balances to them. The new customer benefits
from more money in his pocket during the introductory period and the
credit card provider ends up with a new customer who will eventually
pay them full interest. Well, that's the theory and it has to be admitted
most people do just that. However, it's not the end of the story. You
have a choice as to whether you go back to paying standard interest
rates or continue to pay low or zero interest on your credit card balance.
All you have to do to continue to benefit from a low or zero rate introductory
period is to transfer your balance to another special offer card. You
can do this as often as you like.
This is an excellent debt consolidation and debt reduction
strategy as well as being a great way to immediately take stress off
the family budget. Monthly credit card interest payments can place heavy
financial demands on individuals and families and quite frankly can
keep them poor. Balance transfer cards offer a viable way for people
to turn the situation around and begin to dig themselves out of their
financial hole. However, there are so many credit cards with low APR
available that the amount of information online can initially seem overwhelming.
Fortunately, you do not have to do this on your own.
Transferring high interest balances to credit cards
with low APR is easy to do and can make a very real difference to your
quality of life and financial future. It is in your own best interest
to follow Nike's advice and just do it!