Whats the best credit card balance transfer deal?
This will really depend on how much you currently owe and how many cards you have. By consolidating several cards into one new card can be quite beneficial as you might get a 0% balance transfer period as well as a lower interest rate overall. It’s very similar to consolidating loans; you just have one large debtor instead of several small ones. If you have a large balance then you will probably be able to get a low fixed interest rate. This means your monthly repayments will be lower and easier to manage. For smaller balances, the deals might be similar to what you have now. So all in all, a credit card balance transfer deal can be beneficial for consolidating several cards. But if you just want a couple of months without paying interest, then transferring smaller balances can be useful too. Just always be aware of all the fees and conditions of each card. The more you can find out and compare with other cards, the better deal you will be able to get.
