Low balance transfer fee cards are credit cards which allow you to transfer an existing balance to a new card for a relatively small fee, or no fee at all.
Low balance transfer fee cards are credit cards which allow you to transfer an existing balance to a new card for a relatively small fee, or no fee at all.
The main benefit of these cards is the low balance transfer fee, which means you pay less to transfer your debt. Customers also tend to receive 0% interest on the balance they have transferred for a given period (depending on personal circumstances), which gives them the opportunity to clear their debts.
There are different factors that can contribute to getting the best low transfer fee card.
Compare products thoroughly and don't feel pressured to apply for fear a deal might go. Credit card deals do change from time to time, but normally issuers will highlight the end date for their best deals.
Bad credit ratings do restrict applicants from gaining acceptance; this, however, should not necessarily deter applicants, as there are credit cards available that are aimed specifically at people with poor credit (some even offering balance transfers to individuals who have a good recent history with credit).
The UK enjoys one of the most highly competitive and sophisticated credit card markets in the world. As such, there are numerous products available to people looking to access the benefits credit card ownership bestows.
If getting a credit card is not an option, maybe considering a personal loan to help pay off your debts could be a better alternative.
