Consolidate those debts with 0% credit cards

Feb 19 2010 By Mary Barabe

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If you’ve been using your credit card in recent weeks, you could be in for a shock when the bill comes through the letter-box. High interest rates on some accounts can be a kick in the teeth, especially when you’re just getting over the onslaught of Christmas and the temptations of the January sales.

Those in the know are constantly on the lookout for special deals with their cards, and return time and again to the comparison websites to check out the latest offers. Log on today and see what you can find.

If you have an existing account with a lot of money on it, you’ll know all about the crippling interest fees that can be levied against you every month. However, if you switch to a card that has an introductory zero rate on transferred balances, you can move the debt quickly and easily. The change can save you hundreds of pounds over the next year or more.

Several companies keep that rate for more than a year, so you really will be substantially better off. The only cost is a small transfer fee, although one or two cards don’t even charge that. In the long term, moving your balance around can be the most sensible financial decision you’re ever likely to make.

If you’re planning to do some significant buying in the next few weeks, you should seek out credit cards that have a 0% rate on new purchases for an introductory period. So you can locate the bargains without having to worry about paying over the odds for them.

Comparison websites are easily the best way to find the right credit card. You can see all the relevant details of every account on the market today; the most famous names in finance are represented, as are many others. There are even charity accounts which are linked to worthy causes, for those who like to help the needy while doing their shopping.

Once you’ve located the best card to suit your needs, you can simply click the appropriate link and you’ll be on your way to opening an account. It’s quick and easy, and can save you a small fortune. A few minutes of time, from the comfort of the home computer, is all it takes to take a seat on the gravy train.

More and more companies are offering some wonderful reward schemes to entice customers, so there’s the added bonus of extras on the new deal. As well as reduced interest rates, you could be enjoying discounts at major stores. There are cashback facilities, reward points and Air Miles available, too.

There are so many good reasons to check out new offers of credit cards, so make a dash to the comparison sites right away. Can you really afford not to make the switch?