Finding the best credit card to switch your balance to

If you want to pay your credit card transactions on time and you are looking for the one with lowest amount for balance transfer, you should consider learning the basics.

The high interest rates are the biggest issues complained about by many credit card users, with some cards charging 20% interest, and if that’s the case, you should consider looking for one with a low interest rate, as these are perfect if you want to change the debt of your credit card to zero rate in a given period.

Having this card will allow you to pay a lower interest charge until the time you have paid off all of your balance. Nat West’s Extended Balance Transfer Card and Barclaycard’s Platinum Balance Transfer Card will give you 0% interest for 2 years.

Over the years, credit card companies have been offering a 0% balance transfer fee, and today, they also give their loyal customers some bonus or cash back. Through the cashback cards, you will get 1% of your spend paid into your account monthly or annually. With this, the more money you spend, the more you will earn. Because of this feature, the cashback card is the one that has gained the widest acceptance.

In the case of the Cashback Visa from Barclaycard, it gives 6% cashback on your five most expensive purhases for the first three months. After that time, the cashback rate will become 2%. American Express Platinum Cashback, on the other hand, gives 5% cashback on the first three months and then it will drop to 1.25% after the said period.

Regarding the standard cards, the best ones are the Capital One OneRate card, which gives a 9.9% annual percentage rate (APR), and Barclaycard’s Platinum Simplicity Card with 7.9% APR.



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