Finding a card with a 0% balance transfer is pretty easy so it’s a good idea to find one just after you graduate, or even better when you have actually found the job you intend to do (they’ll look more favourably on you this way!)…
Being a student is the easiest way to get into debt with your credit cards, and most students leave University with a large balance on their card. It needn’t be the end of the world though, and you can buy some time by transfering your balance. It’s pretty easy to do and it needn’t take up all your time. In fact being a graduate or a student is probably your best financial position. To begin with, you don’t have a house and a mortgage (usually) and you won’t have many loans etc (hopefully), so ideally you are the best candidate for the credit card companies to give a card to; your prospects are good and you stand a good chance of getting a well paid job because of your university education.
So transfer your balance to a card that offers 0% on balance tranfers; it makes sense to do it. In fact do it as often as you can, that way you could go for months without paying any interest on your credit card balance; just pay the minimum amount. There seems to be little point in making yourself skint just to pay the interest on a credit card when there are so many good credit cards out there. None of them are that good that you’d want to stay with them!
Tags: 0% balance transfer, balance transfer, Student Credit Cards
