One of the biggest promotions with credit card companies is that they will offer 0% balance transfers. Many people use balance transfers because they feel that their current interest rate is too high or maybe they’d even like to move all of their debt into one location to keep things more organized. A lot of [...]
Posts Tagged ‘Understanding’
Understanding the Credit Card Balance Transfers
January 20th, 2011 
Posted in 0 balance transfer uk credit cards 
Tags: Balance, Credit, Transfers, Understanding 
Comments OffUnderstanding Credit Card Allocation of Payments
January 16th, 2011 When the outgoing Labour government strong-armed the credit card industry into agreeing to end its policy of using card holder’s payments for paying off their least expensive debts first, there were sighs of relief from consumers. The agreed date to end the practice was January 2011.
In the meantime, some card companies have announced that, from [...]
Posted in 0 balance transfer uk credit cards Tags: Allocation, Credit, Payments, Understanding Comments OffUnderstanding 0 APR Credit Cards
November 15th, 2010 A 0% APR is essentially a credit card offered by credit card companies to their consumers with an ‘annual percentage rate’ (APR) of zero percent. However, this rate does not exist forever, and after a period that ranges between three to twelve months, credit card companies begin charging higher rates of interest. Therefore, the major [...]