0% Balance Transfer Credit Cards

0 % balance transfers are the 'in' words at the moment when it comes to how people will compare credit cards. The longest introductory balance transfer offers seem to be the most popular credit card offers in the UK, with good reason. These 0% balance transfer deals can save you hundreds of pounds over the course of any year if you are wise enough to pick the best option. There are some credit cards that will now charge you a balance transfer handling fee, especially those with a poor credit rating. Virgin have been known recently to have applied this charge to several applicants and Barclaycard have had this charge in place for some time. The Barclaycard charge can cost as much as £35 while there are other offers that will not charge a single penny.

These offers are a fantastic way of saving money on any interest charges that are being applied to your current credit card balance. There are some points that should be considered about these offers. There is no interest applied to your 0% balance transfer for the predetermined period but there is also a necessity to pay at least the minimum monthly charge or you will be liable for a penalty cost which on average is about £20. For more information about balance transfer credit cards you may find the information in our balance transfer guide some interesting reading.