0% Interest Credit Cards
Posted August 31st, 2009
and last modified January 11th, 2010A 0% credit card is also called a balance transfer card. These type of cards are currently very popular in Australia as many card providers offer their consumers a 0% period, also called a honeymoon period during which they pay no interest at all on their credit cards.
When to choose a 0% credit card?
If you currently struggle with substantial credit card debt you are the ideal consumer to look for a suitable 0% credit card. The thing is that unless you act sooner than later, your debt will increase and soon get out of hand. Unless of course you can afford to pay off your card in full this month.
When you look into the features of balance transfer cards, make sure you understand the implications of each one. While one might sounds particularly great, it mightn’t be the right card due to other fees and charges or the terms offered.
Balance transfer cards must know:
One aspect of using transfer cards is to know that you can only transfer from one provider to another. So if for example you currently bank with Citibank and want to use a 0% credit card to reduce your debt and pay it off in full during the honeymoon period, then you can only choose providers other than Citibank.
Choose from the best balance transfer credit cards on the market:
The following 0% credit cards can all be considered to be the best on the market. Choose from the available offers depending on your needs, knowing that each of them offers you a really good deal to get rid of debt within the next year.
- ANZ Low Rate MasterCard – 0% interest p.a. for 6 months
- ANZ Balance Visa Credit Card - 0% interest p.a. for 6 months
- Citibank Clear Platinum Visa Credit Card0.99% p.a. for 6 months
What to look for with 0% interest card offers?
One of the first things you should check with 0% credit card offers is how long the offer stands for. Usually the terms range from six months to 12 months and some even for life. Of course the other costs and charges will be influenced by the honeymoon period so it is advisable to look into the costs a bit more closely.
Reducing debt with the help of balance transfer credit cards is really one of the best ways to do so because you can plan a budget and by sticking to it you can be debt free thanks to 0% balance transfer credit cards.
Related posts:
- Low Interest Credit Cards To Beat Debt
- Cheap Visa Credit Cards – Compare the cheapest Visa low interest cards
- Save Money With Low Interest Rate Credit Cards
- Interest Free Credit Cards – Compare & Apply Online
- Low Interest Credit Cards – Offers and Comparison
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Editor's Choice: Our Top Credit Cards
Bankwest Lite MasterCard
Cheapest Credit Card
The lowest stress mastercard, with Australia's lowest MasterCard purchase rate of just 10.75% p.a.
St George Vertigo
Best Bank
Low 2.99% for 6 months (reverts to 11.99%) p.a. interest rate and balance transfer rate, from one of Australia's most respected banks.
Coles Group Source MasterCard
Citi Clear Platinum Visa
Low Interest
An excellent low interest credit card offer with 11.49%interest on purchases and 0.99% for 6 months on balance transfers .
Bankwest Zero Platinum MasterCard
No Annual Fee
Excellent introductory offer with a $0 annual fee for the life of the credit card and a 1.99% p.a. for 9 months on balance transfers