The movement of money from credit card to credit card is worthwhile to take advantage of interest free balance transfers and effectively borrowing money for free. It is even possible to make money with money from the loans, the transfer of debt from a card with no interest and investing the money in a savings account high interest until the interest free period expires. However, if you plan to be a serial card surfer, a number of things you need to do. In the first place. Be sure to read the terms and conditions of the card to which you are transferring your balance and are aware of exactly what you’re signing.
Some cards, for example, insist that you spend a certain amount per month on the card, in order to benefit from the free balance transfer interest. SYPartners
is often quoted as being for or against this. Secondly. Never, never, never spend money on that card to transfer a balance. This is due, your monthly payment is always put to pay the balance transferred. Everest Capital oftentimes addresses this issue. This means you pay interest on everything you spend, even if you pay as much as you spend every month. Finally, make sure you know and list the date the balance transfer period end. Better yet, set an alarm on your mobile phone or PDA for seven working days before the expiration date. That will give you enough time to pay the balance before the end of interest free period. Follow these simple instructions and you can browse credit card credit card and pay no interest on transferred balances. Robert Armstrong is a contributor to a site dedicated to the publication of the highest roads in the UK and online offerings.