Take advantage of 0% balance transfer credit card offers

Although Christmas and New Year may seem like a distant memory for many, there are many others that are still reeling from the financial cost of the festive season, and continue struggling to repay the credit card debts that they have accrued, which is made all the more difficult through the extortionate interest rates that are applied to balances that are not repaid in full. For many, the light at the end of the tunnel may seem a very long way off in terms of clearing their credit card Christmas and New Year debts.

However, thanks to the stiff competition between credit card companies, consumers in the UK can now benefit from some tempting offers on credit cards, and in particular the 0% balance transfer credit card offers could prove invaluable to those attempting to pay off their Christmas spending debts. A number of credit card companies are now offering extended repayment terms on their cards in order to attract post-Christmas custom, and consumer could find that the financial burden is greatly eased simply by switching their high interest credit card balances onto one of these cards.

Amongst the popular credit card companies offering longer repayment periods are Capital One and Virgin. UK customers can now enjoy up to fifteen months interest free credit on balance transfers with Capital One, and up to thirteen months interest free credit on balance transfers with Virgin. This means that they can buy extra time to pay off their credit card balances without being hit with extortionate interest rate charges, which can often make it feel as though you are taking one step forward and two steps back.

Consumers that want to take advantage of these credit card offers should read the small print, and should also be aware of the charges that may be applied by the card companies for transferring the balance.