Shine india monthly magazine When considering balance transfers credit cards, help yourself by asking these questions: - what will be the interest rate once the initial introductory 0% balance transfer period is over? - is it comparable to my current apr or will it be significantly higher? What is the net difference? - particularly if you plan to carry a card balance over time, what will be the long-term net effect of the difference in aprs? - do i want to get into the habit of switching from one 0% balance transfer card to another? If your current credit card offers a better long-term ongoing apr than the new one, it makes more sense to stick with what youve got, especially if you have the means to pay off your card balance without incurring large finance charges. A balance transfer card most certainly has its own pros and cons but if you wish to use balance transfers to your advantage, make sure that you understand the net benefits of the card over the long term shine india monthly magazine telugu.
No comments:
Post a Comment