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Beware of Generous Credit Card Offers, Warns SmartBalanceTransfers.com

Credit Card Companies Offering Increasingly Generous 0% Balance Transfer Rates That Last up to 18 Months May Not Be as Generous as They Seem

Although some major credit cards are now advertising 0% interest rates for up to 18 months on balance transfers and purchases, things aren't always what they seem, warns SmartBalanceTransfers.com, a website that allows visitors to find the best credit card balance transfer offers.

"The CARD Act has given many people the impression that credit card companies are all out of dirty tricks. Unfortunately, this simply isn't the case," said Jeffrey Weber, President and CEO of Smart Balance Transfers. "It is just as important today as it was in the past to closely review the fine print of any credit card application."

While a 0% balance transfer for 18 months is a great deal, these credit card companies may only grant approved applicants 0% rates for 7 or 12 months based on a review of their application and credit history -- which are not the good deals most applicants think they will be receiving.

"People who are looking for the longest 0% balance transfer offers need to pay particularly close attention to the fine print," advises Weber. "To avoid rate shock, review credit card applications closely. If you are intending to do a balance transfer, apply online and wait for your card to arrive in the mail so you can make sure the 0% length and long term APR are good before transferring balances and paying fees."

Consumers interested in finding the best balance transfer offers can compare a wide selection of 0% APR balance transfer credit card offers from leading banks at SmartBalanceTransfers.com.

For additional information, please visit www.SmartBalanceTransfers.com.

To read more on this topic, visit: http://www.smartbalancetransfers.com/smart-balance-transfers-press-release-may/

About Smart Balance Transfers:

SmartBalanceTransfers.com provides visitors with a balance transfer calculator, informational articles and the targeted information necessary to maximize the savings that can be reaped with a balance transfer credit card.