Credit card offers 0 balance transfer 12 months

Balance transfer on credit cards with 0% interest for as long a term as 12 months is a reality again. So if you have missed out on such offers in some of the recent years that have gone by, don’t worry! The scheme is here again and several card companies have got it rolled out for their customers. For people keen to take advantage of 0% balance transfer benefit, it’s just a matter of choosing the right provider and the right card.

Long term balance transfer explained

Balance transfer cards are ideally suited for people who are overburdened with piling debt on credit cards. Compounding interest adds to the finance charges and further inflates the amount already due by accruing interest with every passing month when the dues are not cleared.

A balance transfer card at this moment allows one to transfer his/her existing credit card balance right away to a fresh card and pay it off at a lesser rate of interest for a stipulated time period.

0% long term balance transfer credit card offers are further helpful as they allow the patrons to transfer the current due balance to a fresh card for an extended time period – usually 9/12/more months at no interest. 0% APR means during the time period that this rate applies, no interest is accrued on any balance transferred.

However, the amount of balance transferred is at most times subjected to a lone ‘balance transfer fee’ which is classically 3%-5% of the amount (appended to the new balance).

In most cases, applicants with excellent credit record qualify for promotional balance transfer cards like these.

The best card offers for 0% balance transfer for 12 months

The credit card industry is in general a highly competitive one. So naturally when 0% long term balance transfer cards are offered, they are offered by not one, but a number of providers. The best offers in the niche are now available in the following cards –

• Citi® Diamond Preferred® Card

• Citi Simplicity® Card

• Discover it® Card

• Capital One® Platinum Prestige Credit Card

• Barclaycard Arrival™ World MasterCard®

None of these cards charge the customers any annual fee and all of them are offering a 0% promotional APR on balance transfers for 12 months at least. To know more closely about the offers you can compare the credit cards through a finance portal offering credit card services and evaluate their offerings. 2 benefits that you are sure to receive by availing any of these 0% APR cards are –

• Extended time for debt pay off

• Less interest disbursement

Important

Finding out the right 0% balance transfer card is easy after you compare and weigh some offers from different providers. But for those looking for balance transfer it’s important to look at it as a part of a plan to do away with their credit card debt. For the purpose it’s also important to –

• Focus on enhancing the income

• Lessening the expenses

• Paying off the outstanding card dues in full before the 0% promotional rate concludes

Note : If you are concerned about how to get a Credit Card, the lot of banks has introduced a convenient “Credit Card Apply Online” system and so, you can apply for it on line. You can route your application through reputed sites like http://www.bankbazaar.com/credit-card.html also. Once you submit the required documents, the bank verifies them and issues the card very quickly. The point is that the card issuing process of the bank has been completely streamlined and hence, you can get your card sooner than you expect.