The holidays are almost over and the New Year is fast approaching. As most people site around and visit with friends and family, they forget about those January bills that will be coming for their credit cards. While most people do not intentionally overspend, they do because the impulse purchase will add up. And since you are not spending cash, it is more difficult to assess the damage until the bills do arrive. This is the time that you will see or even apply for one of those great 0% balance transfers offers that seemed to be just what the Dr.ordered.
When looking at these offers be sure and Compare credit cards and their special offers, and look closely at their fees and fine print. We received one were they were giving 0% interest for 18 full months, as long as you make at least a $100 in purchases and transfer a balance within the first 30 days. Sounds good but you must remember that they will apply any payments to the lower interest rates first, and the purchase interest rate was 14.5%. So even if we had only charged a $100 and made the balance transfer at the 0% rate, we would have been paying interest on that $100 until we paid our balance transfer. So use the free money if it is there, but be sure to read the fine print or call the company before making any transfers.