Low Interest Credit Cards
The way to make the most of the highly competitive credit card
market is to play the card companies at their own game. By offering
low or 0% interest on their cards, companies are hoping that when
the higher rate kicks in after 6 months you'll stay - until that
time they lose money. So you need to become a "rate surfer"!
Applying for one low interest card after the other and transferring
the balance between them - so you never actually pay interest on
the amount you borrow.
Theoretically you can do this forever - there's no trick to it
and it’s not illegal. Credit card companies want you to be
lazy and leave your balance with them at the higher rates of interest.
But by keeping an eye on the market you can find out who is offering
the best deal every 6 months and transfer your balance to the new
card - make sure you pay the minimum amount each month though you
don't want to end up with a bad credit history!
Alternatively you could opt for one of a number of loans offered
from our recommended lenders, that is if you are looking to make
a large purchase rather than utilise the credit card system.
Unsecured
Personal Loans
Offers unsecured personal loans for people with bad credit.
New and used car loans for people with good and bad credit.
Unsecured Loans
Obtain a personal for up to $15,000.
Auto Loans
Network of dealers providing auto financing at reasonable rates.
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One of the best cards available at the moment is marbles. Unlike
most cards marbles has a rate of 0% interest for 6 months not only
on balance transfers. So if you need to transfer money from another
card or loan you can pay NO interest. Or you can just transfer a
balance into your current account and have an interest free loan
for 6 months. You can manage your account and pay your bills totally
online. But, unlike some online banks, it's not all virtual. Marbles
also sends you a monthly statement through the post and you can
call the 24hr customer service line for free! Applying online is
really easy and they even give you a decision in 60 seconds. So
what are you waiting for?
A fantastic option is the Morgan Stanley Platinum Credit Card.
This offers 0% for 6 months on both balance transfers and purchases.
So you can transfer your balance from your existing credit card
and pay no interest for the first 6 months you have the card
Another great option is a Citibank Platinum Credit Card. They offer
0% interest, yes ZERO interest, for 6 months on purchases and balance
transfers - great if you need to make one of those big purchases
and spread the payments over time. If you need to transfer a balance
than this can also be a great choice as you get 0% for 6 months.
The standard rate of 13.9% is very competitive should you still
have a balance after the 6 months.
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