Credit cards charge high interest that cut into the savings and household finances and cleans out your balance, making it difficult even to make monthly payments. To handle this problem or you can say to reduce it, some people turn to 0 interest on balance transfer credit cards. They move the high-interest balance to a single card that charges low or no interest at all for a certain period often 12 to 18 months.

A balance transfer fee is what you are charged when you transfer the debt you owe on one credit card to another card. The biggest advantage of balance transfers is that they lower your interest rates and enable you to pay off your debts sooner. The debt from the previous card with high interest has been paid off by the current one and you pay the debt on the new one at a lower interest.

It is imperative to make on-time payments of credit card balances to maintain a good credit history. If not in full, at least the minimum dues should be paid off within the one-month grace period to reduce the damage to your credit profile. Although the ideal condition is not to make any purchases for which repayment is a task for you at the end of the month, not making any an average annual rate in fear of falling into several card issuers offer debt when you own a credit card is bad for your scores too.

Those who live with a credit card debt realize that they suffer from two things. One, the huge principle – the actual amount that was charged for the goods and services on the card. Second, the financial charges that are imposed each month and with each statement cycle, and the daily balance multiplies by one-twelfth of the card’s Annual Percentage Rate (APR).

Balance transfer cards allow you to transfer and consolidate your debts to a card which charges a no or low rate of interest on the amount due. However, there are a number of things to be considered while availing a fee 0% balance transfer card. Credit score: Your credit score reflects your ability to repay loans taken within the stipulated period.

Taking a stand on which best balance transfer card is the right choice for you can seem like a daunting task. Being up to date and knowledgeable about the best balance transfer process can help you sail through this issue hassle and problem free. Generally, choosing the best balance transfer card boils down to the various factors listed below: