low interest credit cards canada

Low Interest Credit Cards Canada - Balance Transfer Credit Card Canada - Canada

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RE: Credit Card

Postby AlysaLee » Fri Sep 02, 2011 01:26:18 AM

Balance transfer cards have become a major hit in the recent economic woes, people around the globe have experienced recently. By transferring your balance to a low or no interest balance transfer card, you’ll pay it off much faster.
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RE: Credit Card

Postby montyloree » Wed Jun 01, 2011 03:18:59 AM

Hi JeanKarla,
what do you mean by free balance transfers?
do any of the capital one cards offer a grace period?

Which credit cards in Canada offer a grace period or introductory offer?
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RE: Credit Card

Postby JeanKarla » Sun May 29, 2011 06:44:19 AM

In an attempt to attract customers to their credit card, a lot of companies present free balance transfers from your old credit card. Once the money is securely owed to the new company, they will regularly offer a grace period where they charge far less on the transferred balance. Usually, this introductory rate lasts for around six months to a year after the balance transfer takes place on the clients account.

For an end user, this can be an excellent way of reducing credit card debt. It leaves the person free to pay off the balance on a credit card without getting interest charges. Using this approach, a person could potentially open a new account that allows a balance transfer when the old one expires. Then relocate all of the balance to the new card to start on a new grace period of low or non-existent finance charges. If you arrange to do a balance transfer, be certain to close your old account.

Check out the Best Balance Transfer Credit Cards: http://www.cma1.ca/678
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RE: Credit Card

Postby jonathanpaul » Sun Jul 04, 2010 12:40:19 AM

hi..

this website well help you a lot about credit cards.. you can check the forum for any answers to your problems with credit cards or ask help from the forum..

if you have any concerns about credit card matters then feel free to post it on this website or forum..

thanks..
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RE: Balance Transfer Credit Card Canada

Postby jonathanpaul » Sat Jul 03, 2010 08:39:35 AM

hi..

thats true that bank won't offer something if they can't gain something..

low interest balance transfer credit cards are good to save up some money, however, having a low interest wouldn't give much of a pressure for the card user to pay off completely the balance..

in that way, the bank earns out of the interest that is added on the monthly billing statement.. if interest charges are added every month then it would become a huge amount of money as a revenue for the card issuer..
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RE: Balance Transfer Credit Card Canada

Postby RichardC » Wed May 12, 2010 07:11:45 AM

Promotional offers are only short term, read the finer print. I put an article out a few years ago on the dangers of this if you aren't aware of the "teaser rate"

http://www.totaldebtfreedom.ca/articles/article_11.htm

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Balance Transfer Credit Card Canada

Postby Maybelle » Wed May 12, 2010 04:32:24 AM

I already have an idea as to what entails balance transfers credit card Canada has in terms of policies and frankly I’m quite happy that various credit card companies are offering their clients options in order to save more. The problem I have is that with all these advantages that are being offered the customers, there are surely some “off points” attached to it.

By this I mean disadvantages.

What’s the catch? I mean, I’m curious enough to transfer my balances in order to offset my payments to a lower one, but is that it? Surely, the whole deal can’t work this way. There has to be some sort of catch to it right?

I really do believe in the saying that “if something seems too good to be true it probably is”, and I’m sure when it comes to money, banks really wouldn’t offer such a deal if they won’t get anything out of it in return right? Kindly correct me with this fact if I’m wrong.

Sorry if I seem to be somewhat ignorant posting such question here when I could easily find my answers somewhere else. I just want to be sure when it comes to my money. Please site a few “fallbacks” so to speak, about this if you can. Because the way I see it, that’s the way businesses tend to work. Please do correct me about this if ever I’m wrong. Any clarification on this would be greatly appreciated.

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