ArticlesBase.com - Free Articles Directory
Free Online Articles Directory
27.07.2008 Sign In Register Hello Guest
Email:
Password:
Remember Me 
forgot your password?


Super Balance Transfer Credit Cards

Author: Peter Kenny Author Ranking Gold | Posted: 04-11-2005 | Comments: 0 | Views: 214 | Rating:  (55) Article Popularity - Blue (?) Got a Question? Ask.
Sign Up Now!

Credit cards are a great way to spend money that you do not have and we all know that so it is nothing new to us. A credit card is a spending tool that many of us would feel as if we had had a limb cut off if we could no longer have one, would also ring true to a lot of people.

Start Making Money

There are ways to make money from credit cards, rather than them being a drain on your finances. One such way that many may do not know about is the 0% "Super Balance Transfer", another step up from the 0% Balance Transfer, which lets you move your debt around to save you from paying interest charges. The 0% "Super Balance Transfer" allows you to pay other debts.

This is how it works, a 0% "Super Balance Transfer" can be used to pay off any debts that you have that are not credit card related. This is done by paying the money that you will get from the new credit card straight into your bank account, leaving you free to pay off any manner of debt that you have, this is where it differs from the normal 0% Balance Transfer facility.

You can pay off any debt that suits

This cash can also be transferred into your account even if you are free from any debt, which means that you can place your credit limit into a high savings account, then once the 0% interest period is almost over, you take the cash that the credit card company "lent" you and pay it back into and thus clearing the credit card debt. Always remember though that while this cash is lying in your savings account gathering interest you will still have to meet the minimum payment set by the credit card issuer, which is normally 2% of the balance or a minimum of £5.00.

The golden rule! Do not use this card to make purchases!

Once you have paid off the credit card you will be left with a profit for borrowing someone else's cash, but what you have to remember is that you don't spend on the credit card, this will only eat into the profits that are there to be made and could defeat the whole purpose of why you were doing it in the first place.

Finding the credit card companies who offer this service wont be too difficult, but most will require a fee to transfer your credit limit into your account, this will normally be a 2% charge to a maximum of £50, though you may find that a few credit card companies will not be charging as much as this.

Peter Kenny is a writer for creditcards-gb.co.uk.
For additional articles and an extensive resource for everything about credit cards and loans, please visit us at http://www.creditcards-gb.co.uk/ and http://www.creditcards2go4.com/

Rate this Article: Current: 0 / 5 stars - 0 vote(s).

Article Tags: Finance, Credit Cards, Debt, Compare

Article Source: http://www.articlesbase.com/finance-articles/super-balance-transfer-credit-cards-6534.html

Print this Article Print article   Email to a Friend Send to friend   Publish this Article on your Website Publish this Article   Send Author Feedback Author feedback  
About the Author:
Peter Kenny has been writing financial articles for the last five years and offers great advice on credit cards and loans. More information can be found at creditcards-gb and moneywize
Submitting articles has become one of the most popular means of generating quality backlinks and targeted traffic to your website. Join us today - It's Free!

Article Comments

Comment on this article Comment on this article
Your Name
Your Email:
Comment Body
Enter Validation Code: Captcha


Related Articles

Is Finding an Unsecured Personal Loan Going to Become a Problem?
By: Reno Charlton | 14/12/2007 | Loans
A recent report has revealed that the global credit crunch, bad debt levels, and increased worry amongst UK lenders could be having an even deeper impact that originally thought. It now seems that the unsecured personal loans market could be the next to suffer from the credit crunch, with recent reports claiming that there has been a significant reduction in the level of unsecured personal loans now on the market.

Are We Underestimating What We Spend On Credit Cards?
By: Peter Kenny | 27/10/2005 | Finance
A recent survey has found we do not realise how much we are spending while using our credit cards. This can often lead to debt problems that can easily be avoided.

Save Money By Understanding Your Credit Card
By: Peter Kenny | 28/10/2005 | Finance
Do you read the small print in your credit card agreement? If not, you could be paying more interest than you really need to.

Using A Credit Card To Fund Your Business
By: Peter Kenny | 01/11/2005 | Finance
More and more people are using their own personal credit card to fund their businesses. While this may be satisfactory in the short term, going down this route can create many financial headaches at a later stage.

How to Clear your Credit Card Debts
By: Peter Kenny | 21/02/2006 | Finance
There are a few very simple ways to go about keeping credit card debts under control

Make Money With A Cash Back Credit Card
By: Peter Kenny | 03/11/2005 | Finance
Cash back credit cards are a fantastic way for you to make some cash while spending on your credit card

Credit Card Minimum Payments Create Debt
By: Peter Kenny | 07/11/2005 | Finance
A credit card minimum payment means that you can spend more and pay as little back as the credit card issuer will allow you.

Gold Credit Cards Are Not Just For The Privileged
By: Peter Kenny | 28/02/2006 | Finance
In practice gold cards are very similar to platinum cards and there is actually nothing specific meant by the fact that a card is designated a gold card.

Got a Question? Ask.

Ask the community a question about this article:

Frequently Asked Questions

Party like a rock stat
By: valatine22 | 15-07-2008
21 and over invited to my party just answere back ok! ok! and my speacial guess is 50cent the party is on friday the 18 2008. Loser not invited like 50 cent said to me loser out out

I'm a small time real estate investor who has ran ...
By: jhrossii | 15-07-2008
I'm a small time real estate investor who has ran into a financial crisis.  Is it wise to let my properties foreclose or file bankrupcy?  I have never been late on any bills but the mortages on my properties are behind.

Help me out of my lease
By: jc | 15-07-2008
in a new lease for 2007 nissan, due to hardship cannot afford payments, need to downgrade is this possible, what are the options

Financial crunch
By: karla | 15-07-2008
My husband and I own a home, I have very good credit.  But we just lost our jobs and going through a crunch time, and we are both actively seeking employment.  is it a good idea to ask my mortage lender "Wells Fargo" for support. and what are my options.  I am trying to avoid falling into a financial trap.

Help with a split
By: Kellee | 15-07-2008
My daughter and her fiance are calling it quits, he is filing bancruptcy and walking away from the house. Her name is also on the loan, but cannot afford the $4000. payments, what can she do without killing her credit?

1st time buyer
By: patrick | 15-07-2008
Got e3a question about Personal Finance? Type your question here...who qualifies as a first time home buter?

Q&A Powered by:
Powered by Yedda 

Latest Finance Articles

Want Money: Take An Instant No Fax Payday Loan
By: Apurva Shree | 27/07/2008
Instant no fax payday loan is also called a check advance loan. These are only short term credits and will help you if you need the money in an emergency. These are instant approval programs as the approval time is very less and the money will land in your hands within one business day.

To Go Or Not To Go For A Faxless Payday Loan
By: Apurva Shree | 27/07/2008
Faxless payday loan is something like getting your salary before it is due. Being a faxless affair, there is not much of documentation that is involved here.

Who Gets A Military Payday Loan?
By: Apurva Shree | 27/07/2008
Anybody living in the United States is familiar with payday cash loans. The number of people opting for quick cash to meet an out of the blue financial crisis is increasing.

When To Go In For National Cash Advance
By: Apurva Shree | 27/07/2008
If you are an Australian struggling with your budget near the end of the month, the national cash advance is a good option for you.

Cheap Wedding Rings: Equally Priceless
By: Apurva Shree | 27/07/2008
Just because you intend to go for cheap wedding rings doesnt mean that you have to sacrifice on quality, beauty or style.

Owner Builders: 43 Interview Questions You Need to Ask When Choosing the Right Sub-Contractors
By: Chris Esposito | 27/07/2008
Owner builders oversee the construction of their new homes, cutting out the costs of a general contractor. To do this, though, owner builders hire and manage their own sub-contractors. Choosing the right subs will make the difference between a successful owner builder construction project and a disaster. Owner builders need to ask these 43 questions when choosing their sub-contractors.

What Is The Difference Between Domestic And Offshore Mutual Funds?
By: Amy Nutt | 26/07/2008
In understanding the difference between domestic and offshore mutual funds, it is important to know what these funds are.

How To Save Money And Beat The Credit Crunch
By: Patrick Omari | 26/07/2008
As a recession looms, money becomes tight and we look for ways to make our wages stretch that little bit further. Follow this advice and you can beat the dreaded credit crunch.

More from Peter Kenny

The Benefits Of Renting Versus Owning
By: Peter Kenny | 18/02/2008 | Finance
Because of current housing conditions that are currently taking place many people believe that no one should buy a home, at least not soon. That is simply not true. There are some issues that home buyers should watch out for, but those issues, such as sub-prime loans, can be avoided...

Using A Debt Calculator To Sort Your Finances
By: Peter Kenny | 10/02/2008 | Finance
Some of the most powerful tools on the Internet today are the various debt calculators. Yet, it can be surprising to learn just how few consumers actually use them. Debt calculators are exactly what they sound like. They are online calculators that can help consumers better understand their loans. The...

Credit Card Blocking And How To Avoid It
By: Peter Kenny | 10/02/2008 | Finance
Have you ever heard of credit card blocking? Do you know what it is and how it might affect you? If you are not sure what blocking is, this article may be able to clear up some of the mystery. If you were ever told that you were over your credit...

What Is Mortgage Title Insurance?
By: Peter Kenny | 05/02/2008 | Finance
If you are thinking of buying your own home, you will hear the words title insurance somewhere along the process. Many consumers are not exactly sure what this is. For the most part, title insurance is almost always required by the lender. This insurance is used to protect the lender against...

Installment Loan Versus Line Of Credit
By: Peter Kenny | 04/02/2008 | Finance
There are times when consumers simply need to borrow money. As most people know, there are many different ways to borrow money. Two of the most common ways are through either an installment loan or through a line of credit. Knowing the difference between the two can be important. One of...

Debt Reduction Tips
By: Peter Kenny | 02/02/2008 | Finance
Virtually everyone who is in debt wishes he or she was in less debt. For the purposes of this article, debt is anything that you pay for with cash or credit during the course of a week or a month. It should not come as a surprise that many consumers...

What Are Plus Student Loans?
By: Peter Kenny | 29/01/2008 | Finance
College expenses are high; there is little argument over that. Students and parents of students often need financial help in order to get into and subsequently get through the years of education that leads to an advanced degree. Thankfully, there is a somewhat new student loan program available that help...

Common Federal Housing Mortgages
By: Peter Kenny | 18/01/2008 | Finance
For those seeking to buy a home, a good place to look for help with loans is through the federal government. Some of the more useful and common loan programs that are currently being offered follow: There are three government agencies that insure mortgages for homebuyers. The first is the Federal...

Article Categories






Give Feedback

Sign up for our email newsletter

Receive updates, enter your email below