Why is it worth making a Balance Transfer?
Hot Topics
- What APR (Annual Percentage Rate) will I receive?
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APR is the Interest Rate charged to your account on any balances not paid off by the date shown on your statement each month - meaning that if you pay your balance off in full every month you will never need to pay interest on your purchases.
- How can I pay off my balance?
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There are number of ways you can choose to pay off your credit card balance - either by Direct Debit, by Debit Card over the phone, by bank transfer from your bank or by cheque.
- Can I Have An Additional Cardholder On My Account?
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You can have one or more additional Cardholders on your credit card account with most companies.
- Why is it worth making a Balance Transfer?
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If you have a large outstanding balance on one or more credit and store cards – you will undoubtedly be able to save money by transferring your balance to another credit card.
- My Credit Card is lost or stolen. What should I do?
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If you cannot find your credit cards you need to report them as lost or stolen using the emergency number provided by your credit card issuer, this will be a 24 hour/365 days a year number. If you have more than one credit card you will need to ring all the separate companies.
If you have a large outstanding balance on one or more credit and store cards – you will undoubtedly be able to save money by transferring your balance to another credit card.
This is because many credit card companies offer excellent introductory rates on balance transfers in order to get your business. There are many companies which offer this introductory rate for 6 months, and a few that offer 0% on balance transfers for 9 months. This gives you a chance to pay off your balance without worrying about the interest charges, which could potentially be very high.
If you are very organised, you can make the most of this system by opening a new credit card account every 6 months, and transferring your balance on to it. If you cannot pay your balance off in full before the introductory rate ends, this is the next step in avoiding paying interest on your credit card debts.
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