What is zero percent balance transfer deal

November 06, 2012  //  Posted by: Financial advisor  //  Category: Credit

balance transfer, creditThere has been an incredible rise in the number of offers and discounts and services provided by credit card companies and banks. The reason is that there is fierce competition in the market when it comes to attracting customers with attractive credit card deals and every one is in a race to come up with something new.

The newest card in the block issued by a few credit card loaning companies is the zero percent balance transfer deals that are being offered to customers. This deal allows a zero percent balance transfer period of twenty two to twenty three months. A nominal fee is however charged for the card and the service.

One thing that one should be aware of is that this zero percent balance transfer deal cannot be availed by those who have a bad credit history. In fact, unless and until you have a spotless credit history, your application for the card is probably going to be rejected.

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