Page 64 - Benjamin Franklin\'s The Way to Wealth: A 52 brilliant ideas interpretation - PDFDrive.com

long as you don’t do it too often (more than once or twice a year, for
example) and as long as you’re successful in each application, then you
should be fine.

The second point is that the truly great offers of extended and catch-free
0% deals have melted away a bit as the banks have tended to pull their
horns in and look for liquidity. They’re still out there, however, so this just
means looking around a bit more to find the right one.

The third development is that more and more transfers are subject to a fee,
either as a fixed cost or as a percentage of the balance being transferred.
This isn’t a disaster as long as you bear it in mind and do the maths.

The art of the rate tart is not dead, but it is getting harder—which means
you have to shop around more carefully with calculator in hand. Above all,
remember that banks make their money when the free period ends and the
punitive rates start—so red-pencil that diary date and either have the debt
paid or moved before D-day.

HERE’S AN IDEA FOR YOU…
Good research is the secret to the art of the rate tart. If you want a
short cut to the current deals worth moving your balance for, then have
a look at the credit card section of comparison websites like
www.moneysupermarket.com. Hit the search engines and find one that
is relevant to you.