Credit card news indicates that many credit card borrowers are seeking to transfer credit card balances from high interest rate cards to low or interest free balance transfer cards .
The trend is a result of the credit crunch, higher borrowing costs and the higher costs of living. Many consumers are looking for different ways to reduce outgoings, and transferring credit card balances could be a way for some consumers to save money .
A number of credit card companies, despite the crunch, continue to offer good rates on balance transfer credit cards . However, these deals are largely only available to those with good credit .
Credit card balance transfers proving popular
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Credit card balance transfers proving popular
Tue, 05 Aug 2008
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