Balance Transfer Free does it still exist ?

Well way back in 2005, there where more than 50 balance transfer free credit cards on the go. But since then most of the credit card lenders have added balance transfer fees if you are wanting to transfer your balance to another credit card

The typical balance transfer fee is now 3% not the credit card 0 apr that we all got used to only a few years back where it was possible to keep changing your credit card to zero % every 9 months or so without incurring any fees at all

The few balance transfer free credit cards out there will have a very short 0% balance transfer period maybe 6 months at most.

As with anything that involves a lot of small print read it very carefully as there could well be all sorts of pitfalls and traps in there

Best Rewards Credit Cards repay you for the amount that you spend on their credit card in the form of points or cash back. The points can be utilized to purchase either gifts, flights or holidays

Obviously the idea behind these reward credit cards is to to get you to spend more, because the more you spend the more points you amass the larger the gift that you can purchase. Even so, you must remember that in trying to gain points you will run into problems if you where unable to pay the minimum payments as these reward credit cards tend to have high interest charges. That’s why it is important to find the best rewards credit cards on the market and then choose the one that suits you the best.

It’s feasible to make 1% cash back on all your purchases, or even as high as 4% during an introductory period with the best rewards credit cards. Certain rewards credit cards let you use your points against rewards such as gifts, flights or holidays.

To take full advantage of your reward credit card you must pay off the balance in full each month and therefore pay nothing in interest charges or you are losing the benefit of your cash back credit card. For instance if you spend £600 a month on a reward credit card providing 1% money back you would earn a £72 cash back payment each year.

 The simplest way to see payments are made in full and in time is to pay by direct debit. That way you are actually gaining something from the effort you put in to find the best rewards credit cards in the beggining