Timothy Ng lives, breathes, and sleeps personal finance! Check out his in-depth guide to doing a balance transfer for life where he answers everything you need to know before doing a balance transfer

Getting a credit card with a 0% interest rate sounds like an impossible dream. But with the right moves, you can achieve it.

The balance transfer honeymoon is essentially the period during during which you are offered a lower interest rate. This promotional rate varies from bank to bank and can range anywhere from 1.99% to 4.99% per annum, although the actual term of the introductory rate is often much shorter. In many cases, this can be 5 of 6 months, while some lenders may offer low rates for up to 12 months or 18 months.

When cardholders fail to reach the minimum transaction threshold in a given month, the result could be a low activity charge on their credit card account.

This type of charge is fairly common on credit cards with low or no annual fees.

High interest rates that rapidly increase the size of any outstanding credit card debt, is the most common reason for people seeking life of balance credit cards.

These special balance transfer cards are perfect for anyone who is struggling to pay off their credit card debt and need more time to pay the balance in full. The reason for this is that they give you a long term low rate of interest until the debt is gone.

Bringing a credit card on your overseas trip means you do not have to bring cash with you. This actually makes it easier for you since you do not have to waste your time looking for the nearest foreign exchange facility. You also do not need to spend your time looking for ways to cash your traveler’s checks.

Credit cards are far more secure compared to cash. In case your card gets stolen, you can always call your credit card company to have it blocked and then request for an emergency replacement card.

Discover how you can avoid paying interest on your credit card debt, and work the system for a time to keep avoiding this. Look to securing a 0% balance transfer credit card to give yourself a break from interest charges, and a chance to reorder your finances.

Handling credit card debt is never easy. By far the best way to deal with this is to adopt a new attitude, stop spending on flippant items, budget like mad, and direct everything you can towards paying down your debt as soon as possible.

Managing debt is at the forefront of many peoples mind at the moment, and credit card debt is still on e of the biggest contributors. Follow our advice and get your credit card debt paid off quicker than you had planned.