0% for 6 Months Balance Transfer Credit Card Offers

These short period 0% p.a. Balance Transfer Credit Cards are focussed on clearing the balance transferred as soon as possible, and achieving the savings on interest quickly. To derive the greatest savings from these balance transfer offers it is imperative that the full balance is repaid in full within 6 months. and at least the minumum payment is made each month.


0% for 6 Months Balance Transfer Credit Card Offers - Frequently Asked Questions

The balance transfer limit is the maximum amount that you can move to the balance transfer card. This limit will be determined by the credit card provider and is dependent on your credit score and the providers lending rules.

The most that you can transfer to new 0% balance transfer credit card would be equal to the approved credit limit, while some banks allow cardholders to transfer only up to 90 to 95 per cent of the new credit limit with the remaining part of the limit being avaialble for standard purchases.

At the end of the 6 month balance transfer period, the introductory 0% p.a. interest rate would no longer be applicable.

Any remaining balance, from the original amount transferred would be charged a new, higher rate. This can be the regular rate which is applied on standard purchases, or the cash advance rate which is usually much higher. The new interest rate which is applied to any balance you have not cleared within the 6 months is subject to interst charges at the "Revert Rate".