Credit cards getting you down at the moment, wish there was
a way to ease the burden for a short while and save yourself some money in the
process, well read on and find out how.
Balance transfers could be the answer to your prayers, some
of the introductory deals on balance transfers are really good, some are
offering 0% interest rates for a free period of time anything from 6 months to
a full year, some of the credit card companies also offer a low-interest rate
for the lifetime of the account, which will properly be the best option if the
amount you transfer is a large amount and you will not have it paid off within
the 0% interest-free period.
Most credit card companies are jumping on the band-wagon and
introducing the 0% deals, as most people want to save some money where possible
and the fact that they don’t have high interests’ rates has to be a good thing.
One word of warning is check that once the 0% interest-free period is finished
that the APR is lower than your previous card, there are some good credit cards
out there including the Capital One No Hassle MasterCard this card offers you a
typical APR of 6.9%.
If you were thinking of taking out a loan from a bank it may
be cheaper to look at cash withdrawals through your credit card, handling fees
are a lot lower than they have been some credit card companies are offering
handling fees between 1.5% and 2% some banks can charge up to 20% on loans
under £2000 so keep this in mind before you head off to the bank.
One way to make money while you spend it is Cashback credit
cards how good does that sound, you can receive money back usually between
0.5%-2% on all the money you spend, the only thing to watch is the APR is
usually higher at around 3-4%. This card is ideal if you can pay off your credit
card before you incur the interest charges, so depending on how much you spend
on your card will depend on how much cashback you receive.
Those are just a few ways in which you can save some money
on your credit cards, just make sure you check the 0% cards out properly as you
don’t want to be costing yourself money, just watch what you’re doing and
you’ll come out of these deals with some extra cash.
Disclaimer:
This article is presented solely as an example and is not meant to replace
qualified financial advice. If you or someone you know require up to date
financial or legal help please seek qualified assistance. No content on this
site should ever be used as a substitute for direct legal advice from your
lawyer or a qualified attorney.
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