Find the best credit card offers online.The 0% balance transfers have been the toast of the holiday shopping season and have ended the last year on a great note. The balance transfer credit card offers boast about the maximum number of products being offered to customers in the last month of the year over the last 3 years. Impressively, as 2010 comes to an end, there were as many as 74 0% balance transfer credit cards that were available in the market. This was a big rise compared to the 65 credit cards a year ago around the same time and the 57 cards that were available in December 2008.
Interestingly the number of the 0% balance transfer credit cards in December 2007, 3 years ago was as high as 86 credit cards. Interestingly not only is the 0% interest rate important, but also the introductory period for which this interest rate is offered to credit card holders. Statistics have shown that the number of credit cards which offer longer terms helping the card holders to pay off their debts using the 0% interest rates. There are an impressive 8 credit cards that are currently available with a 0% interest rate for as 16 months. Another credit card to be announced in recent times consistent with this pattern is the Platinum with Balance Transfer VISA from Barclaycard. This is the longest period offered for 0% interest rate balance transfers.
The new balance transfer deal offers a rate of 0% for 17 months on the balances that customers carry from other credit cards. The offer comes with a balance transfer fee of 2.9% fee. The credit card customer also has to earn a minimum 20,000 pounds. Customers also have to pass all the credit checks. The balance transfer credit cards are perfect for those customers who are looking to pay off their debt. There are some rebates on offer too for customers who wish to transfer a stipulated amount before the end of this month.
With budgets of every household being stretched, customers often forgo unsecured borrowing and the higher risk comes with higher interest rates. Competition in the credit card industry has increased to quite a good level which could lead to some useful offers for credit card customers. 1/3rd of the balance transfer offers come with an introductory period exceeding over 12 months. This is more than what was on offer a year ago.
