Top 0% Deals

When you ask the question of whether you can pay of your debts in a year or less you are probably researching for a 0% balance transfer deal over trying to find the cheapest credit card for your purposes. You will find there are several ways to use balance transfer rates that offer 0% interest, but of course some of not the greatest of options. We have been talking about credit card tarts whom tend to change their credit cards every six months to a year.

When you enter into the balance transfer game you could easily become one of these individuals if you are not careful. It is actually better to make sure you can pay of the debt in a year rather than playing credit card roulette. The best balance transfer deal is one that will offer you a longer period of time at the 0% interest rate. In other words those that offer for thirteen to sixteen months are better than anything that will last for six months or a year right? You are also going to need to pay for the balance transfer fee. Some individuals panic at the fee and figure that just because the duration is good they will not save anything because of the fee. You really need to look closely at these fees as well as the interest to determine what balance transfer deal will be the best.

Here are some cards with the cheapest fee. First you have the Barclay Platinum card that offers 0% APR for fourteen months with a 2.5% fee. This is a pretty good deal considering most of the fees are around 3% to 3.5%. The thing about Barclay card is that it is one of the most predominant cards in the UK for cardholders already so you may have already be with Barclay card which means you can’t take advantage of the deals offered. You also need to make sure the terms match to what was offered as they have a risk for rate policy and you may not always be applicable for the cheapest deal.

Next you have the Virgin card that has a longer term, but higher fee. In other words with the Virgin card you will have 15 months of 0% interest with a 2.98% balance transfer fee. This means that you have to have the card paid off in little over a year, but you are also going to have a higher fee. Virgin is with MBNA so if you already have a card with them you may not get this deal. Keep in mind that fee is higher than that of the Barclay card, but you have an extra month to pay it off. You may wish to calculate the overall savings you may find in this deal above the Barclay card if that month is important.

Return To Financial News February 2008
A Poorer Credit Card Score Deal
Balance Transfer Explained
Finding a Balance Transfer Deal
Finding the Best Credit Cards
How to Use a Balance Transfer Card
Questions on Balance Transfers
The Best Deal
Top 0% Deals
What Are National Savings and Investments