Benefiting from ‘Surfing' credit cards.

The credit card market is very competitive with many providers offering low introductory rates for six months or longer. So, if you are having a problem repaying the balance after six months of having the card then why not juggle?

By simply transferring the balance from an existing credit card over to a ‘new' one, with introductory rates – such as 0% on balance transfers for 6 months, then you will effectively save 6 months worth of interest!

The process of ‘Surfing' the credit card is popular, and providing that you ensure that you can juggle the cars effectively (for example apply for a new card just before the 6 months is up on the old card and transfer the balance) then you stand to save a considerable amount.

However, as sweet a temptation as a new credit limit may be, you must resist from spending anymore than you can afford to repay on the new cards, as the 0% interest is usually only offered on the transferred balance and not new purchases.

Currently the following Credit Cards are offering 5 months or more interest free on Balance transfer, click on the banners to find out more or apply.

Barclay Card

Capital One

Egg

Concerned about what all of the APR, balance transfers and minimum payments are all about? check out our Jargon Buster, proving a clearing in the financial forest:

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