Credit card woes and Balance transfer

I was talking to a cousin who is based in Dubai yesterday. He mentioned that since he received his first credit card, he's been spending more than he should. He said he couldn't resist swiping the card. He's been using the card to buy signature brands. I guess he is worried, so he asked me what to do. Having gone through a similar experience, I told him to immediately stop using the card and look for a bank which offers a credit card balance transfer. This would allow him to transfer his current account to another credit card at a lower interest. Some even give an interest-free period if you avail of their promotion.

This reminds me of a great website I came upon. It is called ZipRates.com. The site tracks US cards offering low or even interest-free credit card balance transfers. If only my cousin lives in the US, he could avail of its services. He can group the credit card balance transfer by categories and terms, making it easy for him to find the best credit card transfer offer.

I hope he finds a similar site in Dubai. It will save him from a lot of headaches and most importantly it will save him a lot of money.