Transfer your Credit Card Balance to LEND and start saving today.
Credit Cards and Store Cards offer great convenience: Online-Shopping from your home or buying dinner at an exotic vacation destination - super easy with today’s credit cards, as long as you can pay the monthly balance in full. If you opt for partial payment or even minimum payment of the month-end bill, you automatically start to pay very high interest rates … but there is a solution!
Instead of paying the above than average interest charges of your credit card provider and pay off your debt over a longer than necessary period of time, you can transfer your balances to a low-interest LEND account today. You immediately start to save on your interest charges, you can select the repayment schedule to meet your personal needs and you have your credit card available again for those convenient purchases or to keep it as extra security for unforeseen expenses or when traveling abroad.
Why a LEND loan saves you money
The entry fees for this world of convenience are purposefully kept low - Many of the cards have no annual fees. Mileage Programs and Shopping Discounts are providing the cardholders with additional reasons to pull out their card and pay with plastic.
All this credit card convenience comes with a price, though, in the form of high interest rates and unexpected fees.
¤ The effective interest rate is between 3.50% and 9.80% and is dependent on your credit score and selected loan term. For a loan of CHF 10’000.- and 12 months the interest cost and fees range between CHF 190.60 and CHF 515.34. The total sum is thus between CHF 10’190.60 and CHF 10’515.34. The grant of a loan is prohibited if it leads to the over-indebtedness of the consumer (Art. 3 UWG).
Low rates from 3.5%
But what if your monthly budget does not allow you to pay the credit card bill in full, the issuer automatically starts to charge you higher than average interest rates on your card balance. Important to know: Those charges do not begin from the day of your bill, but from the day of your purchase, effectively maximizing the interest period for the credit card company.