|
Credit Card Rate Tarts
With
the ease of applying for credit it has become all too easy to
organise your finances. From loans to cards you can easily switch
around for a better rate and with the internet making it simple
to compare rates many people are taking advantage.
One
of the most popular forms of finance is credit cards. Credit
cards come in many shapes and sizes. They can come branded with
your favorite football clud (in some circumstances) or charity.
This is just one of the many selling points card companies have
come up with to get their plastic in your wallet. The more conventional
tactics are to offer "Offers" with low interest rates,
cash back deals and a plethora of extras.
0%
Balance Transfers
One
of the more common incentives is the "Balance Transfer"
offer. Many card companies offer 0% on balance transfers. This
means that if you have £10k debt on one card you can transfer
it to the new company offering 0% on balance tranfers and you
don't pay interest (or at least you do but at a rate of 0%)
for the term the offer lasts. This is often 6 months but as
many companies started offering it, the period has increased
for some companies. When the period of the offer runs out you
could apply for another credit card offering 0% on balance transfers
and so carry on for a further period. You would need to be organised
and apply for the new card in time to do the transfer before
the period runs out. People that do this on a regular basis
have earned themselves the title of Rate Tarts.
Unfortunately
many companies have strted to rethink this stratagy and a few
have stopped 0% transfer deals and offer low rate transfers
instead.
This
article is for Informational purposes only and should not be
taken as advice
© Black Mole Limited
You
can link to this article using the folowing URL
http://www.bad-credit-personal-loans.eu.com/credit-card-rate-tarts.htm
|
