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Credit card interest rates can be quite high. If you are working on paying out down your debt, you can avoid cash whereas very much interest through transferring your balance to new lower interest card. If you can receive an introductory rate, you may keep away from paying interest all together.

Difficulty: Easy

Things You'll Need

Credit card applications along with special interest free introductory rates. Good credit record

1 Find a credit card that offers one attention free of charge introductory rate. Fill outside the application and mail it in.

2 Pay away the old card upon approval. You can also cost during the introductory period plus avoid accruing interest.

3 Mark the expiration date of the introductory point in your calendar. Add a reminder a month before it yous to expire.

4 Utilize to any new credit card with an attention free introductory rate about a month previous to your old introductory era runs out. Transfer the balance to your new card.

5 Continue to do this until you spend off your credit card.

Suggestions & Cautions

Any good credit record remains essential to receive the introductory rates on these credit cards. You will pay some much better interest rate if your credit rating is poor. Pay extra on your credit card each calendar month. This will help you to pay off the balance considerably more rapidly. Make all payments earlier or on period to avoid loosing the great rate. If you skip only payment, the zero attention will become any extremely high interest rate. Accomplish not ceaselessly charge on your card. If your balance receives too huge, it will be tough to get approval to transfer to another credit card. Be sure to take into consideration the balance transfer fees that is credit card companies will charge you each time you transfer to a new card.

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