Best Credit Card for good Credit 20162016 Best Credit Card for Good Creditworthiness
When you are looking to decrease the amount of interest you pay on your credit card debt, the best transfer card Balance for you depends on how long it takes you to clarify what you are indebted to. In general, the longest 0% introduction period card has relatively high equilibrium bank charges, usually around 2%-3% of the amount you exceed.
With the Halifax Balance Trust Card you have 39 month to settle your debts without interest. At the end of the 39-month interest-free term, if you are unable to settle your debts within this 39-month interest-free term, you will be billed an APR of 18.9%. Card has an upfront charge of 3%, but Halifax will reimburse 0.52% of it within 90 business Days, which increases the actual charge to 2.48%.
While the Halifax balance card has one of the longest 0% introduction cycles, other card types give you even more time to settle your debt. Both MBNA and Virgin are offering tickets with 0% launch intervals of 40 month, although these transactions end on May 19 and 24. MBNA and Virgin also have higher credit transfers at 2. 55% and 2.
In addition to the 39-month interest-free remittance option, the first six month purchase is also interest-free, after which the annual percentage point of charge rises to 18.95%. Hifax only has its banner 0% dealer to bid 51% of candidates, so some candidates will receive 0% on Balance Transactions for the first 39 month and a 21% APR installment, or 0% on Balance Transactions for the first 19 month and a 25% APR installment.
Also Halifax has a credit card with an introduction of 23 months, 0% and no charge for the money order if you do not need so long to reimburse your debt. 9 percent annual interest on your account as soon as the introduction phase is over. When you know that you can't easily manage to cash out your credit card balances in the foreseeable future, your best choice is probably a credit card that will offer you to settle your debt interest-free for as long as possible, even if it does charge a credit card charge.