December 1, 2015With so many credit card promos, installment options and perks and privileges offered by banks today—credit card spending has become more convenient for consumers, with big-ticket purchases becoming more accessible than ever. But what many tend to overlook is that interest rates for different purchases accumulate and can bulk up their credit card bills. Paying just the minimum, or even a little more than the minimum, can result to additional charges, making debt unmanageable. According to Bank of Commerce, one of the country’s most progressive banks with products and services that offer superior banking experience, transferring balances has become a widely accepted and viable option for those wanting to better manage their credit card payments. In much the same way that large corporations restructure their liabilities to access lower interest rates and better payment terms, individuals can also restructure their credit card debts so that paying them becomes more manageable. Bank of Commerce has introduced the Balance Transfer promo, which allows cardholders to transfer their credit card balances from other banks to their Bank of Commerce MasterCard. The Balance Transfer promo is designed to help ease payments for cardholders and allow them to create a healthier cardholder profile. Bank of Commerce’s Balance Transfer promo allows the transfer of credit card balances that are equal to, or less than the cardholders’ outstanding balance with other banks. Any amount over the minimum 20,000 and within the cardholder’s available credit limit will qualify. The monthly add-on rate is a low 0.49% for 36 months and Bank of Commerce MasterCard Balance Transfer applications can also be approved in as fast as 24 hours. For more information, visit any Bank of Commerce branch or call their Customer Service hotline at (02) 632-2265.