Balance Transfer Cards
Many Australians are having a serious problem with credit card debt and are looking for a solution with balance transfer cards.
If you need to clear up a debt quickly, there is no faster solution than getting one of these cards.
Now is the best time to start comparing cards for transferring a balance since many credit card companies are offering fantastic deals.
Even though the Christmas season is long gone, many people keep their debt for six months to a year, and then start a new debt when the next Christmas rolls around.
Card companies know that at this time of year many people are frustrated with their card balance and would like to see it paid off as quickly as possible, so they offer promotional rates on their cards to get new customers.
One of these cards is the ANZ Low Rate MasterCard.
It offers a 0% balance transfer rate for six months which gives you plenty of time to clear up your old debt.
You will also be able to enjoy a 12.
49% standard rate of interest for purchases and pay only $58 for the annual fee.
If you have a balance you want to transfer and would also like to have a rewards card, then you should consider the ANZ Balance Visa Credit Card.
After you have finished clearing up your balance you can make use of their rewards points scheme and redeem your points for valuable merchandise and services.
Another great card is the Citibank Platinum Visa Card.
It has a low balance transfer rate of 0.
99% for six months and a low annual fee of $42.
It also comes with a very low purchase interest rate of only 11.
49%.
If you are frustrated with your credit card debt and are paying a high interest rate on your current card then you really should consider switching over to balance transfer cards.
You can save a lot of money this way.
Consider the following example.
The average credit card balance in Australia is $3141.
If you make monthly payments of $289 for a little less than one year you will have the card paid off.
This is assuming that the interest rate on that card is 19%.
If you compare it to a balance transfer card that has an interest rate of 3%, you would only have to make monthly payments of $175 to have the debt cleared in the same time period.
This is a savings of $114 monthly, or $1368 in a year.
Just imagine what you could do with that amount of money.
Most people don't take the time to actually calculate how much money they can save with balance transfer cards, but as you can see above, the savings can be very substantial.
A balance transfer card can put you back in control of your debt.
If you need to clear up a debt quickly, there is no faster solution than getting one of these cards.
Now is the best time to start comparing cards for transferring a balance since many credit card companies are offering fantastic deals.
Even though the Christmas season is long gone, many people keep their debt for six months to a year, and then start a new debt when the next Christmas rolls around.
Card companies know that at this time of year many people are frustrated with their card balance and would like to see it paid off as quickly as possible, so they offer promotional rates on their cards to get new customers.
One of these cards is the ANZ Low Rate MasterCard.
It offers a 0% balance transfer rate for six months which gives you plenty of time to clear up your old debt.
You will also be able to enjoy a 12.
49% standard rate of interest for purchases and pay only $58 for the annual fee.
If you have a balance you want to transfer and would also like to have a rewards card, then you should consider the ANZ Balance Visa Credit Card.
After you have finished clearing up your balance you can make use of their rewards points scheme and redeem your points for valuable merchandise and services.
Another great card is the Citibank Platinum Visa Card.
It has a low balance transfer rate of 0.
99% for six months and a low annual fee of $42.
It also comes with a very low purchase interest rate of only 11.
49%.
If you are frustrated with your credit card debt and are paying a high interest rate on your current card then you really should consider switching over to balance transfer cards.
You can save a lot of money this way.
Consider the following example.
The average credit card balance in Australia is $3141.
If you make monthly payments of $289 for a little less than one year you will have the card paid off.
This is assuming that the interest rate on that card is 19%.
If you compare it to a balance transfer card that has an interest rate of 3%, you would only have to make monthly payments of $175 to have the debt cleared in the same time period.
This is a savings of $114 monthly, or $1368 in a year.
Just imagine what you could do with that amount of money.
Most people don't take the time to actually calculate how much money they can save with balance transfer cards, but as you can see above, the savings can be very substantial.
A balance transfer card can put you back in control of your debt.
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