It's obvious that there are huge differenes in credit card offers these days. Some offer a balance transfer rate of 0% ranging anywhere from 6-12 months at a time. Others will feature longer time to enjoy the lower rates if you agree to a higher interest rate,which is helpful because this rate is usually lower that what you are currently paying on credit card balances.
Consumers who contemplate a credit card balance transfer of a high dollar amount to help cut down interest that they owe will often decide that stretching out their repayment period at a higher interest intro rate makes sense over a short-term 0% offer.
You've got to get aware of what fees you will get charged too. Lately, balance transfer fees have risen. It wasn't long ago that common fees charges amounted to 3% of the total transferred; now, it seems many credit card companies are charging upwards of 5%.
You can find more information on this subject here:
http://www.creditcard-balance-transfer.com
Here's a book at Amazon.com that readers are raving about. It aims to help them learn ins and outs of credit cards. Take a look:
How You Can Profit from Credit Cards: Using Credit to Improve Your Financial Life and Bottom Line
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