Who offers the best rates for balance transfer credit cards in Ireland?

If you've managed to run up considerable debt on one or more credit cards, then maybe it would be a good idea to look into getting one of the many balance transfer credit cards available in Ireland. With a balance transfer credit card, you'll be able to move your existing credit card debt onto a single card with reduced interest payments over an introductory period of time to enable you to manage your repayments more effectively.

For many it's not the fact that they owe large amounts on their credit cards that proves to be the biggest problem, but instead the fact that no matter how much they seem to pay off each month, the interest charges keep racking up and undoing all their hard work.

If this sounds like you, then a balance transfer credit card could well be the ideal solution. There are many companies in Ireland offering this service, so it's just a case of figuring out which one is right for you.

In order to stop interest dead in its tracks, you'll be looking for what is known as a 0% Balance Transfer card. With these cards, you'll get an introductory rate of 0% interest on any balance transferred over to the card although you'll still incur interest on any new purchases. Deciding on which one is right for you depends on whether or not you are going to be using the card while paying off the balance transfer, or if you are going to use it solely for that purpose.

Depending on the issuer of the card, the APR will vary from approximately 9% to 18%, obviously the lower the number the better if you are going to be using the card for new purchases.

While most companies seem to offer 6 months 0% interest on balance transfers, there are a few who offer a full year, including the Munster Rugby, Irish Nurses Organisation and Liverpool FC Gold cards from MBNA

For more information on the full range of balance transfer cards available in ireland check out www.creditcard.ie.

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