Comparing Credit Cards | How Important Is Your Finance

Some see having a credit card as being incredibly risky, but for people who sometimes find themselves short of money, they?re a necessary risk.

They?re there to be used in an emergency or for any important purchases, and in some cases, can be better to use than debit cards, especially when they come with 0% interest.

Balance Transfers

An increasing number of credit card companies are allowing customers to balance transfer with their cards, but what does it mean, how does it work and how, if possible, can you get a good deal with those cards.

Balance transfer is where you can transfer money from one account to another, which is useful if someone needs to move money from their existing credit cards to help pay for a gift, electrical appliance or even help to repay debts of some sort.

Some credit card companies often charge fees for balance transfers from the moment a customer joins them, but others either charge small fees or, for at least the few months, don?t charge a single thing for the privilege of transferring money to or from their account.

Some Switch More Than Once

If you have to use the balance transfer facility on a regular basis for holidays, birthday presents or to help pay for repair work, you?ll want to get a good deal even after the period of zero interest expires.

The best way to find the deal which represents the greatest value for money is to visit a price comparison website like Totally Money who will help you compare different Credit Cards so that you can see the best for you.

In just a few minutes, you can see how different companies offer different deals without having to spend hours browsing different websites or making long-winded phone calls.

Comparing to find the Best

On price comparison websites, you can look in detail at the balance transfer deals on offer from different credit card companies, and it?s easy to find which one offers the best or cheapest deal.

Among the things you should look out for when visiting a comparison site is how long (if applicable) the zero interest period lasts and how low or high the interest rate is after that. Also, you should look at how much they charge for balance transfers.

Balance transfers make it easier to keep interest rates down on credit cards, especially if you?re worried about what to do and how much money you?ll have when the time comes to make repayments.

Finding the Right Deals

There are good deals on balance transfer out there, and all you need to do to find them is visit a comparison site and a few spare minutes.

Michael Riordan is a UK-based personal finance expert who specialises in credit card deals. He advises people independently on what to do when looking for the deal that?s right for them and their financial situation.

Source: http://www.howimportantisyourfinance.com/2012/08/07/comparing-credit-cards/?utm_source=rss&utm_medium=rss&utm_campaign=comparing-credit-cards

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