The content is accurate at the time of publication and is subject to change.

Many people see the feature of 0% APR on balance transfers as a soled reason for applying for any credit card. While this is definitely a desirable feature to have, there is more to this than meets the eye. Hence, it is strongly recommended that you get all your facts correct before you do go ahead and decide to opt in for these credit cards. Once you have the necessary information on hand, you can be sure that this is the card that will serve its purpose well for you. If you do feel that this is an important feature to have, make sure that you are aware of everything associated with it.

First, in most cases, there will be some other aspect of the card that might be quite high in compared to other cards. This could be anything like annual percentage rate, or even other annual charges. Hence, by offering something like 0 on balance transfers, the credit card company might be looking at other ways in which they can charge you and ensure that they get the money that they expect from these credit cards. Unless you specifically look for these things, it might not seem as apparent.

Next, you should be aware of the fact that the 0% balance transfers will not normally be something that is permanently associated with the card. On the contrary, this would be something that you might perhaps be able to make use for a limited inaugural period. For most cards, this could be something like the first 6 months of obtaining the card. Hence, you should definitely ensure that you are able to get what you do require with these credit cards and not simply have to worry about paying rates that you were previously unaware of.

There could also be a plethora of other conditions and limitations associated with the 0 on balance transfers feature of the credit card. You ought to carefully think about these and ensure that you are able to get what you do need without having to be told about it in some bill later on. Unplanned expenses normally crop up because you didn’t care enough to know more about the credit card. Hence, taking the effort to get to know the credit card could possibly help ensure that you are able to get your money’s worth and not simply be charge an exorbitant rate without being informed previously.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.