0 Balance Transfer Cards For 12 Months

Credit Cards with Rewards to Offer Flights to Consumers

Consumers who are able to apply successfully for a Post Office Credit Card up to March 27, 2011 will be able to maximize the company’s offer where in they are to provide flights for these consumers. These credit cards with rewards will include a flight in one of the six European capitals including Dublin, Amsterdam, Brussels, Berlin, Paris or Madrid. This can be done with the simple entering of FLIGHT as code in their application.

Post Office Head of Credit Cards Az Alibhai said that these best credit cards with offers will provide the consumers with the ability to receive great rates and value especially for their travel. This will also provide the opportunity for a return flight to Europe. This is also offered at the perfect time as Spring will be the season and most individuals prefer to have their vacations. This is also a perfect option among the credit cards with rewards since the use of Post Office card does not charge any overseas purchases to its cardholders making the spending more beneficial to the consumers especially for holiday spending.

The card also offers 0% balance transfer for the first 12 months and 0% balance transfer for five months in the succeeding second and third year. There will also be no interest on purchases that will be effective on the first three months in addition to no cash advance fees when purchasing Post Office Travel Money, either in branch or online at postoffice.co.uk.

0% Credit Cards: Are They Worth It?

Credit card jumping has become a common practice. The term refers to the habit of moving debt balances from card to card to take advantage of preferential rates. But just how worthwhile is credit card jumping for consumers?

UK consumers have staggering levels of debt. Consumer borrowing has grown by more than 50% in five years. It’s no wonder that people are looking for new ways to ease the debt burden. Credit card jumping offers one possible solution.

Money Saving Device

People who are carrying large amounts of debt can save hundreds of pounds in interest simply by taking advantage of the latest credit card balance transfer deals. Many of these offer a 0% interest rate for a fixed period, such as three, six, nine or even 12 months.

As well as transferring balances from other credit cards to a 0% credit card, consumers are sometimes able to transfer balances from store cards and even outstanding loan amounts. It is worth checking to see if these transactions also benefit from the 0% balance transfer rate.

Transferring a balance to a 0% credit card means that any payments made are paying off the principal rather than the interest. This reduces the amount owed, which is good news for those using this as a debt management method. Many card issuers do charge a balance transfer fee to curb the practice of credit card jumping, so it is worth looking around for the best deal.

Getting The Best From Credit Card Jumping

To get the best from 0% credit cards, many savvy consumers move from card to card when the preferential rate period expires. This requires some organization, but credit card jumping can mean that debt balances continue to go down as consumers move money (or rather, debt) from card to card. Those who don’t move their debt at the right time often find they are paying a much higher interest rate – and the debt is not being cleared. This strategy works best when consumers pay on time. Late payment can result in fees that increase consumers’ level of debt.

Consumers who are using many credit cards to manage their debt should consider creating standing orders to manage payments automatically. It is also worth using a spreadsheet or calendar program to keep track of when it is time to move to the next credit card.

Other Incentives

Credit card jumping can be an effective way of reducing debt, providing consumers do not add any new debt. There are also other incentives for using 0% cards, such as charitable contributions, rewards points, air miles, travel insurance and much more. It is worth shopping around to get a reward as well as the interest-saving rate.