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If you’re looking for ways to reduce the amount of interest you pay on your credit cards, 0 interest and balance transfer facility is an attractive solution. Credit card companies such as MasterCard, Visa, American Express and Discover offer such facilities to cardholders who meet certain requirements.

The 0 interest and balance transfer facility can greatly reduce the amount of interest you pay on credit card debt. When you hold a credit card with 0 interest, you no longer have to pay interest on new purchases. Moreover, any existing balances can also be transferred to the new card and you will not be charged any interest for 12 months or more.

Aside from saving you money on interest charges, this facility can also help you to save on late fees and other charges. With this facility, you will no longer have to worry about forgetting to make payments on time which can incur extra charges. Additionally, late fees are often waived when you transfer a balance to a 0 interest rate card.

The 0 interest and balance transfer facility can also be helpful if you want to consolidate your credit card debt. By transferring multiple balances to one card, you can reduce the amount of interest you would have to pay and keep better track of all your payments. In addition, if you’ve been using multiple credit cards to finance shopping and other activities, transferring all the balances to one card can help you to stay organized.

As you can see, the 0 interest and balance transfer facility has many advantages. If you’re looking for ways to reduce the amount of interest you pay on your credit cards, this could be a great solution. Make sure that you compare different offers from different lenders to make sure that you get the best deal possible.