unately, there are easy ways to prevent this. One very effective, time-saving method available is automatic payment. You can schedule a monthly payment directly from your bank account to your credit card, ensuring payment is received on time. The next easy way to mainYou've seen the offers: 0% balance transfer, pay no interest for one year. Currently, the Chase Platinum Card even offers a 0% interest rate for up 15 months. For those carrying balances on high interest credit cards, the savings that can be reaped with these balance transfer offers is tremendous. However, one false move and you'll not only lose the 0% rate, you might also end up paying a higher rate than the one you previously paid. Credit card issuers call it the default rate, and it can range up to 29.99% or more, a far cry from 0%.

How can a 0% balance transfer dream turn into a 29.99% nightmare? Its not as uncommon as we'd like to think. In fact, it could happen with only one late payment. Yes, missing a payment constitutes default in most contracts, bringing with it the horrific default rates attached to most, if not all credit cards. Luckily, many credit cards won't throw the book at you if you simply miss one payment by a few days. If your credit is questionable, however, one late payment could be enough to trigger the default rate.

Fortunately, there are easy ways to prevent this. One very effective, time-saving method available is automatic payment. You can schedule a monthly payment directly from your bank account to your credit card, ensuring payment is received on time. The next easy way to maint

transfer offers is tremendous. However, one false move and you'll not only lose the 0% rate, you might also end up paying a higher rate than the one you previously paid. Credit card issuers call it the default rate, and it can range up to 29.99% or more, a far cry from 0%.

How can a 0% balance transfer dream turn into a 29.99% nightmare? Its not as uncommon as we'd like to think. In fact, it could happen with only one late payment. Yes, missing a payment constitutes default in most contracts, bringing with it the horrific default rates attached to most, if not all credit cards. Luckily, many credit cards won't throw the book at you if you simply miss one payment by a few days. If your credit is questionable, however, one late payment could be enough to trigger the default rate.

Fortunately, there are easy ways to prevent this. One very effective, time-saving method available is automatic payment. You can schedule a monthly payment directly from your bank account to your credit card, ensuring payment is received on time. The next easy way to main

0%.

How can a 0% balance transfer dream turn into a 29.99% nightmare? Its not as uncommon as we'd like to think. In fact, it could happen with only one late payment. Yes, missing a payment constitutes default in most contracts, bringing with it the horrific default rates attached to most, if not all credit cards. Luckily, many credit cards won't throw the book at you if you simply miss one payment by a few days. If your credit is questionable, however, one late payment could be enough to trigger the default rate.

Fortunately, there are easy ways to prevent this. One very effective, time-saving method available is automatic payment. You can schedule a monthly payment directly from your bank account to your credit card, ensuring payment is received on time. The next easy way to main

ult rates attached to most, if not all credit cards. Luckily, many credit cards won't throw the book at you if you simply miss one payment by a few days. If your credit is questionable, however, one late payment could be enough to trigger the default rate.

Fortunately, there are easy ways to prevent this. One very effective, time-saving method available is automatic payment. You can schedule a monthly payment directly from your bank account to your credit card, ensuring payment is received on time. The next easy way to main

unately, there are easy ways to prevent this. One very effective, time-saving method available is automatic payment. You can schedule a monthly payment directly from your bank account to your credit card, ensuring payment is received on time. The next easy way to maintain your 0% interest rate is to simply pay your bill when it arrives. E-mail bill notifications are also a great way to keep you up to speed with payments.

The money a 0% APR can save you over the course of 12-15 months greatly outweighs the burden of paying a bill on time. Besides, defaulting on a high interest credit card will also cause your rate to hit the ceiling, and probably much quicker than it would with a new 0% balance transfer credit card. It is never a good idea to miss a credit card payment for this reason alone, and many people seek 0% balance transfers because they have been unfairly hit with a default rate by their current credit card issuer.

Credit card companies give you the opportunity to save with 0% interest rates for up to 15 months because they want you to use their card. Not only do they make money every time your card is swiped for a purchase, they also expect to make money on your balance once the 0% APR expires. The 0% offer works for credit card companies because it brings in new customers. More importantly, howeve