Many cards these days are being offered at an interest rate of 0% for a balance transfer.
By moving your balance around from card to card, you cna definitely reduce the amount of interest you are paying. I recently telephoned my bank and they reduced my interest rate from 17.25% to 10.99% just because I asked them too!
Don’t be afraid og going elsehwere to do your banking to get the best honeymoon rate.
There are, however, two points to be wary of if you are shopping for credit card rates: firstly, if you swap credit card companies too often, this may impact your credit score. So plan to get your credit card paid off within the honeymoon period.
The other issue can be what happens when the honeymoon is over. Often the rate when the honeymoon is over is exorbitant - the company makes money by betting that you will not pay your credit card off when you are getting the cheap interest rate.
So if you do decide to shop around, just be aware that you will need to pay your card off as fast as you can once you are on that honeymoon period!
