A balance transfer credit card can help you to reduce your interest payments and get out of debt. See how much you could save by transferring to one of the balance transfer deals on Mozo in the table below.Read more
Balance transfer credit cards let you move debt from an existing credit card (or store card) where you might be paying interest as high as 20% or more to a new card with 0% or low interest. The balance transfer period will depend on the credit card provider regardless of whether you get a 12 month or 18 month interest free period it can be a great way to save big time on interest and pay off that debt!
Some credit cards will have a BT handling fee which is usually a percentage of the amount of money you transfer to the new card. Most balance transfer cards will come with annual fees. Another trap to watch out for is that if you don't pay off the debt within the period of the balance transfer, the interest rate can shoot up to a cash or purchase rate of 20% or more. For more information on balance transfer tricks and tips, read our balance transfers explained at last guide.
Applying for a balance transfer credit card couldn't be easier. Once you've found the deal of your (financial) dreams here on Mozo simply hit 'go to site', to the right of the credit card. You'll be taken to the credit card provider, and subject to approval, can transfer that balance pronto.