Do you currently have credit card debt across one or more cards that you are struggling to pay off? If so, you might benefit from a balance transfer credit card.
A balance transfer moves your existing debt to a new credit card with a low or no interest rate period, to reduce your monthly repayments and the total interest you have to pay. The main reason people use a balance transfer credit card is to take advantage of these low or 0% balance transfer periods, which can last anywhere from 6 to 26 months. This could potentially save you hundreds or even thousands of dollars in interest charges compared to making the minimum repayment on your current credit card each month.
Balance transfer calculators can help you work out how much you could save with different balance transfer offers on the market. Find and compare balance transfer credit cards that suit your needs.
