January, duration to return to my real life after the winter holidays, go on working and invent one more attempt to follow my New year resolution. that year I plan to start jogging, eat more healthy food and reduce my monthly expenses. Even whether I forget about my resolution (as I usually do) I will need to save money anyway considering I am a bit short of money after all that Christmas shopping.
First of all, I am going to apply for a new credit card with a low introductory rate and transfer my debt on it. that option is called balance transfer and it will help me not to loose money on the annual percentage rate. A balance transfer is widely used by all major credit companies. form certain that your credit card allows you to use that service or otherwise you wouldn’t be able to benefit from the difference of the interest rates.How does the balance transfer work? My new credit card issuer will pay off my debt to the previous credit company and move the balance to my new card. So I will still have the same debt, but the APR will be better. It’s additionally very convenient to use a balance transfer whether you have more than one debt – it will be more affordable to manage your expenses whether you consolidate the debts.
As the main goal of changing a credit card is to save money, pay attention to such significant aspects as introductory rates and the length of the introductory period. Surfing among numerous balance transfer card offers, choose the ones which have introductory APR up to 1% or – what is much better – no