balance transfer credit cards http://www.artwoo.com Returned search results for balance transfer credit cards Copyright 2008 Fri, 21 Nov 2008 00:57:34 +0000 http://www.artwoo.com/rss/balance+transfer+credit+cards Understanding About Balance Transfer Credit Cards http://www.artwoo.com/article/understanding-about-balance-transfer-credit-cards http://www.artwoo.com/article/understanding-about-balance-transfer-credit-cards#comments Mon, 14 May 2007 03:35:01 +0000 balance transfer credit cardsthis means thatcredit card companiescredit card companyknowledgeableamount of moneytransfer balances http://www.artwoo.com/article/understanding-about-balance-transfer-credit-cards balance transfer credit cards.

Basically what the term `balance transfer credit cards' refers to is the matter of how you can transfer the remaining balance on any of your credit cards to another. You may wonder why you would have to do this, and if you are wondering, then you are going to want to read on so that you can learn more about this.

About The Matter Of Balance Transfer Credit Cards

There are certain out there that you can choose from which offer the option of balance transfer credit cards, and when you sign up for one or more of these balance transfer credit cards, that at any time you are able to put the balance that is left on one credit card onto another.

This is helpful in a variety of different situations, for instance if you were going to lend one of your credit cards to a friend or someone in your family but you only wanted a certain on it, then you could transfer that exact amount of money from one of your other credit cards onto that one.

You just want to make sure that there is a limit as well on the card if you are lending it out to someone, because even if you completely trust them, you never know, and you certainly do not want to end up with a huge bill at the end of the month, especially one that you yourself did not even make.

However you do not need to get this specific type of credit card in order to be able to , although you will have to speak to your and ask them whether or not they offer this option first, because they may not.

You really just have to make sure that you are fully aware of everything that is happening, so that you are informed and and so that you thus know what is going on with your credit cards.

You have so many different options when it comes to credit cards, and so regardless of what qualities you are looking for, you should be able to find the perfect credit card for you. Roland Jefferson is an online researcher based out of Los Angeles, Calfornia. For free tips and resources covering Balance Transfer Credit Cards, please visit: http://www.free-creditcard-advice.info/BalanceTransferCreditCards.html ]]> Dealing With Credit Card Balance Transfers http://www.artwoo.com/article/dealing-with-credit-card-balance-transfers http://www.artwoo.com/article/dealing-with-credit-card-balance-transfers#comments Thu, 21 Feb 2008 15:20:01 +0000 balance transfer credit cardsinterest free balance transfercredit card balancesinterest free balance transfer credit cards0 balance transfer credit cardsbalance transfer credit card0 credit cards http://www.artwoo.com/article/dealing-with-credit-card-balance-transfers credit card balances from expensive, high rate cards onto low rate or even interest free s over recent years. Balance transfers have become an effective way to avoid paying costly interest charges on credit card balances, and with both 0% credit cards for balance transfers and low rate life of balance transfers available there is something to suit most needs and circumstances.

The idea behind balance transfers is that you save money on the cost of interest, which on standard credit cards can be extremely high. You therefore need to pick the right balance transfer card for your needs based on your repayment habits. You will find two different types of balance transfer credit cards available, and this includes the 0% balance transfer credit card and the life of balance transfer credit card.

Actually transferring your balance is a very simple process. All you will need to do it provide the details of your existing credit card balances and account numbers to your new provider, and your new provider will arrange for those balances to be cleared through your new balance transfer card. Your old balances will then be transferred onto your new card, leaving you with just one convenient credit card balance to deal with, on which you will be charged either no interest or a very low rate of interest. You need to make sure that the credit limit on your balance transfer card is high enough to accommodate the combined total of the balances that you are transferring. You also have limited time within which to transfer your balances, so make sure you check what this is and act within plenty of time.

0% balance transfer credit cards

One type of balance transfer card is the 0% balance transfer card, and with this type of credit card you can transfer the balances from your existing cards and enjoy a specified period of interest free credit, which means that you can effectively clear the balance without being hit by further interest charges =96 however, you have to clear the balance within the 0% period in order to benefit fully, as otherwise your remaining balance will accrue interest at the lender's standard variable rate.

Most 0% balance transfer credit cards will charge a percentage of the amount being transferred to the card by way of a transfer fee, and this usually varies between 2-3% - this is something that you will need to check when you compare different 0% balance transfer credit cards.

Life of balance transfer credit cards

If you are concerned that you will not be able to clear your transferred balances within a set period then you may fare better with a life of balance transfer credit card. With these cards you transfer the balance in the same way, but rather than getting 0% on your transferred balance you are charged interest. However, the interest rate charged on the transferred balance is way lower than standard rates, and providing you pay at least the minimum amount requested each month you get to enjoy this low rate for the life of the transferred balance. Joe Kenny writes for the credit card comparison sites, http://www.creditcardstore.co.uk/ and also http://www.comparethem.co.uk/credit-cards/ ]]> Tips And Tricks About Balance Transfers http://www.artwoo.com/article/tips-and-tricks-about-balance-transfers http://www.artwoo.com/article/tips-and-tricks-about-balance-transfers#comments Thu, 30 Nov 2006 06:27:04 +0000 credit card balancecredit card balancescredit card issuerscredit card accountcredit card paymentsfree balance transferpay off credit cards http://www.artwoo.com/article/tips-and-tricks-about-balance-transfers pay off credit cards is a strategy that many people use. When using this tactic cardholders should use both the old and new card responsibly.

When you use one credit card to pay off another you are doing what is known as a balance transfer. Many consumers use the balance transfer as a way to keep from becoming delinquent on their . Theoretically, you can keep transferring balances between credit cards indefinitely as long as you have a credit card that allows the transfer.

Different have different terms regarding a balance transfer. The most important of these terms are the interest rate to which the balance transfer is subject, the total amount that can be transferred, and any fees associated with the transfer. When you are making a decision about transferring a balance to a credit card these are the primary factors that you should consider. Each of these factors has an effect on the amount you will end up paying for transferring the balance.

The ideal credit card for transferring balance is one that has a zero percent APR, a high limit allowed for the balance transfer, and no fee associated with the transfer. With these conditions in place, you are able to transfer a for free.

If you are looking for a way to pay down some of your credit card debt, using a is the best way to do so. By transferring your to a credit card that does not have associated interest rate or fees, you can pay off balances easier. You can find a lot of help here http://www.balance-transfer.com/.

When you do a balance transfer, you should close out the old immediately. Doing this will curb your spending, ensuring that you do not become deeper in debt.

Another rule of thumb to follow when you are working with balance transfers is not to use the new card to make any purchases. Once you have transferred the balance to the credit card, you should put it away. Don't use the card until you have completely repaid the amount of the balance transfer. If you use the card to make purchases, you have nullified the benefits of transferring the balance to a new credit card.

If you use a zero percent APR credit card for the balance transfer, you must make sure you are aware of the terms and conditions of the credit card. In many cases, you lose out on the advantage of not having an interest rate if you make a single late payment.

You should be aware that transferring balances might not necessarily improve your credit rating or standing with the credit reporting agencies. Since credit bureaus look at your total balances and available credit, juggling debts does not improve your credit score. In fact, if you have too many credit cards open at one time, your credit score could be negatively impacted.

There are pros and cons to using balance transfers with credit cards. Using them responsibly can help a great deal. Abusing the privilege might put you in a worse situation than you began with. Fruzsina Csery is a freelance copywriter. She occasionally writes for http://www.balance-transfer.com/. ]]> The Ins And Outs Of Balance Transfers http://www.artwoo.com/article/the-ins-and-outs-of-balance-transfers http://www.artwoo.com/article/the-ins-and-outs-of-balance-transfers#comments Sun, 29 Oct 2006 06:27:07 +0000 0 on balance transfers0 balance transferinscredit cardscredit card balancecard detailsbanking systems http://www.artwoo.com/article/the-ins-and-outs-of-balance-transfers credit cards, or are looking to get another card, then it pays to know about the and outs of balance transfers. If you use balance transfers correctly you can save yourself a lot of money in interest payments on your debts. If you are uncertain about how to use balance transfers properly, then here is some advice on the ins and outs of balance transfer?

What is a balance transfer?

A balance transfer is simply where you transfer part or all of one to another credit card. You are effectively using one credit card to pay off another one. For example, if you have one credit card with a £1000 balance and another card with no balance, you could transfer some or all of that £1000 onto the card with no balance.

How do I make a balance transfer?

Making a balance transfer is extremely easy, especially if you have online banking. IF you have just got a new card then it is likely that you will asked if you want to make any balance transfers straight away. If you do then you simply give your other to the new card issuer along with the amount you want to transfer and they will sort it out for you. Also, on most online there is a feature to allow you to make balance transfers at any time.

Costs of a balance transfer

Unless you have a special rate for balance transfers, there is usually a cost involved in making a balance transfer. These rates can vary, but are usually either a fixed fee or about 2% of the amount to be transferred. When transferring a balance it is important to take these charges into consideration, because it may cost you more than the money you are saving if you have to pay a variety of fees.

0% balance transfer offers

One good way to make balance transfers work for you is to get a card with 0% on balance transfers. These cards usually charge a fixed fee for transferring your balance, but offer 0% interest on the amount you transfer. This 0% rate usually lasts for around 6 to 9 months, during which time you will not pay interest on your transferred balance. This is especially good for people who are currently struggling to keep up with their credit card payments due to high interest rates. However, you must remember that new purchases on these cards will be charged at the standard APR, and that after the 6 or 9-month period you will have to start paying interest.

Consolidating balances

Perhaps the best way to use balance transfers to your advantage is to consolidate your credit card debts. If you have a number of credit cards with different interest rates and balances, then try and transfer as much as you can to the cards with the lower interest rates. This will save on your interest, and as you pay off the debt you card start to transfer more and more onto the lower interest cards. If you use balance transfers wisely then you can really reduce the interest that you pay and keep up with your credit card repayments. Peter Kenny is a writer for creditcards-gb Please visit us at http://www.creditcards-gb.co.uk and http://www.thriftyscot.co.uk/Credit-Cards/ ]]> Credit Card Balance Transfer Credit Card Balance Transfer http://www.artwoo.com/article/credit-card-balance-transfer-credit-card-balance-transfer http://www.artwoo.com/article/credit-card-balance-transfer-credit-card-balance-transfer#comments Sat, 04 Oct 2008 11:57:33 +0000 credit card balance transferbalance transfer credit cardcredit card balancecredit card chargeshigh interest ratefree periodbreathing room http://www.artwoo.com/article/credit-card-balance-transfer-credit-card-balance-transfer transfer is getting quiet popular in today's market. Different companies have come up with their own version of because they have realized how powerful balance transfer can be to consumer who wants to save some fee and charges on their cards. But credit card balance transfer is not really for everyone. There are certain advantages of this system where as there are too may downside of it too. If you are not aware of the downside of balance transfer then its better suggested that you find out all the pros and cons of balance transfer credit card before you jump into it.

Benefits of balance transfer are enormous. For an example, who does not want to transfer their balance form one credit card with to the one which has no interest at all? This is exactly what balance transfer does to its costumers. If you have recently received a new credit card and are enjoying its interest then you can easily transfer balance of your old credit card to the new to save on interest rate. Even if, you don't have new card then too you can transfer it between your other card to enjoy a lower interest rate and reduce of late payment. This single method of balance transfer can save you thousands in a year if you can perform it precisely within available time period.

Now a days there are increasing number of consumers who are applying for lower interest rate credit card only for balance transfer. This process is easy to do and can save you money in case you are approved for a new credit card when the interest free period of old card runs out.

Credit card balance transfer are easy process and anyone with half decent credit rating can do it and if you can control your spending habit then balance transfer can give you good amount of before you start paying off your principal. But, if you are like someone who doesn't prefers spending a lot with his credit card then credit card balance transfer is not the right solution for you.

There are tons of companies coming with balance transfer credit card because they know this can easily attract tons of customers towards their companies and have realized the power of balance transfer. Everyone wants to save a lot of money but simply using balance transfer does not makes sure that you can save mone. Controlling your emotion is the hardest thing to do. How can you control your buying instinct when you have free money on your card? Though balance transfer can reduce your total expenditure significantly but unless you don't control your own habit you cannot only rely on balance transfer to minimize your expenses.

It's highly suggested that you choose only those cards that allow balance transfer. There are tons of credit cards in market which do come with lower interest rate but may not have facility of balance transfer. In case you are using any such card then you can call your bank to replace the card with a balance transfer credit card before you can use it for balance transfers. Secondly, it is also suggested that you learn all the pros and cons of the balance transfer cards before investing in one because some companies charge hidden fees for balance transfer which can reduce the overall saving that you plan to do from transferring balance.Financial products such as credit cards are not always straightforward. When in doubt, always seek expert financial advice]]> Balance Transfers And Credit Cards - What You Need To Know http://www.artwoo.com/article/balance-transfers-and-credit-cards-what-you-need-to-know http://www.artwoo.com/article/balance-transfers-and-credit-cards-what-you-need-to-know#comments Sun, 30 Sep 2007 00:35:00 +0000 credit card balance transferscredit card balancerate credit cardscredit card holderscredit card accounthigh interest ratebalance transfer http://www.artwoo.com/article/balance-transfers-and-credit-cards-what-you-need-to-know credit card holders today who aren't familiar with s, what they are, and how they can be used to manage your outstanding debt.

To complete a balance transfer, when referred to in relation to credit cards, is simply the process of moving an existing balance on one credit card over to another . This is usually done in an attempt to lower the overall interest rate that is paid on credit card debt.

So when are balance transfers a good idea? If you're currently carrying balances on one or more high interest and can't pay them off in full at the end of each billing cycle, you're a prime candidate for a balance transfer. The best thing to do in this circumstance is begin searching for credit card offers with a 0% interest rate on all balance transfers (for a pre-defined period of time). Once you've found a card that you would like to apply for, fill out your application and wait for the approval process to run it's course. When you've been approved, simply transfer the balances on your existing cards over to your new card.

Balance transfers aren't a good idea if the card that you are moving the balances over to has a higher interest rate than what you're currently paying. In my opinion though, this is one of the rare instances where a balance transfer wouldn't be helpful.

One thing to be careful with when it comes to transfers is doing the transfer, and then running up the balance on the cards again that were cleared out. Unfortunately, there are people out there who fall into this trap and end up with more debt than then started out with as a result. The key to benefiting from balance transfers is to use them responsibly. For more tips, visit the Credit Card Forums at http://www.TheCreditCardForums.com/ today. Read reviews on airline miles credit cards and more! Membership is free. ]]> Balance Transfer Credit Card Offers: What You Need To Know http://www.artwoo.com/article/balance-transfer-credit-card-offers-what-you-need-to-know http://www.artwoo.com/article/balance-transfer-credit-card-offers-what-you-need-to-know#comments Mon, 19 Nov 2007 09:35:01 +0000 balance transfer credit cardsbalance transfer credit cardthis means thateducate yourself0 aprhigh interest ratesaim http://www.artwoo.com/article/balance-transfer-credit-card-offers-what-you-need-to-know balance transfer credit card your ticket out of credit card debt? It can be. If you're having trouble paying off a steep balance and the high interest that goes with it, a balance transfer credit card could be the right solution for you. But before filling out an application, take a few factors into consideration. on the balance transfer process, and you'll get the most out of your credit card experience.

What Are

Balance transfer credit cards have a certain appeal that separates them from other forms of plastic. They offer applicants the chance to shift a balance from a high-interest card to a low-interest one. In fact, most balance transfer cards come with an initial 0% interest period. This means you can make payments that are directly applied toward the balance. As you pay down the debt, you can save hundreds of dollars on interest expense.



How to Compare Balance Transfer Credit Cards

Many balance transfer credit cards appear to be the same, but in reality they vary quite a bit. Check the following details as you sift through the options:

Length of introductory period =96 The initial period of no interest may be as short as three months, or as long as fifteen months. If you for at least 12 months of 0% interest, you'll have ample time to pay off the balance.

What the 0% APR applies to =96 Some balance transfer credit cards offer you 0% APR only on the balance. you will be charged a higher interest rate when you make a purchase. Moreover, all the payments you send in will first be applied to the balance, and then to the purchases. While you pay down the balance, the new purchases and their attached will sit and accrue on your statements. Eventually, you could pay more in high interest than you planned on. To avoid this, look for a card that offers 0% APR on both balances and purchases. Or limit the use of your card until you pay off the transferred balance.

Check the fees =96 Most balance transfer credit cards charge an initial fee for bringing over the new balance. This is sometimes a certain percentage of the balance amount. Banks often include a cap, such as $50 or $75, on the balance transfer fee. The savings you receive on interest usually outweighs this expense.

Additional benefits =96 While balance transfer cards offer you a chance to pay off nagging debt, many come with other features as well. Some balance transfer credit cards include a rewards program. Others have a low interest rate that kicks in after the introductory period. Think long-term before you apply. Consider what benefits you'll want after you are debt-free.

Using your Balance Transfer Card

Balance transfer credit cards can be a solid solution if they are used properly. After you have made the balance, think about creating a payment plan to get rid of the debt. Set aside money each month for card payments. If at all possible, pay off the balance before the introductory period runs out. As the balance dwindles, you'll gain control of your finances. You'll also begin to build a stronger credit history. When the balance is gone, you'll be able to enjoy the card's additional benefits. To View Balance Transfer Credit Cards click the following link: http://www.credit-card-surplus.com/balancetransfer.php . Ed Vegliante runs http://www.credit-card-surplus.com , a directory helping consumers to compare and apply for credit cards. ]]> Balance Transfer Credit Cards: A Way To Consolidate Debt http://www.artwoo.com/article/balance-transfer-credit-cards-a-way-to-consolidate-debt http://www.artwoo.com/article/balance-transfer-credit-cards-a-way-to-consolidate-debt#comments Fri, 19 Jan 2007 04:27:05 +0000 balance transfer credit cardscredit cards workbalance transfer credit cardcredit card debtcredit card issuerstransfer credit cardbet http://www.artwoo.com/article/balance-transfer-credit-cards-a-way-to-consolidate-debt Credit card debt is a fact of life for millions of Americans. Once you have credit card debt racked up, it can be difficult to get rid of. s provide a solution to this problem. By understanding how they work, you can use balance transfer credit cards to help you get out of debt.

How Balance Transfer

Balance transfer credit cards allow you to transfer the amount due on other credit cards to their card. Many offer a low interest rate or a 0% APR introductory rate on the transferred amount. This way, you can avoid paying hundreds of dollars on interest. By making payments each month, you reduce the balance and save on interest expense.

Understand the Fees

Balance transfer credit cards come in many shapes and sizes. Some charge a fee to transfer balances; others do not. Some offer low interest rates for a certain period of time; others allow a fixed low interest rate on the balance until it is paid off. Certain balance transfer credit cards come with a rewards program or additional perks. While balance transfer credit cards offer a great rate on the initial transfer, some include a high interest rate on new purchases. The payments you make will first be applied toward finance charges, then the transferred amount, and finally the new purchases. Your best is to find a balance transfer credit card that offers 0% APR on new purchases for the length of the promotional period. You may be surprised at how may are offering 0% APR on both the balance transfers as well as on new purchases for up to 12 months.

Study your Finances

Before you apply for a balance transfer credit card, be sure that you understand your financial situation. Look through your credit cards and the interest rates on them. If you are carrying balances with high interest rates, you may be spending hundreds of dollars each month on interest. It could take years to pay off the initial amounts placed on the cards. By transferring the balances to a credit card with a low interest rate, you can pay off the amounts faster. Also, balance transfer credit cards allow you to consolidate your debt. Keep in mind that some balance transfer credit cards only offer a low interest rate for a certain period of time. Many cards have a high interest rate or variable interest rate that kicks in after six months or a year. If you haven't paid off the balance by then, the higher interest will continue to increase your debt and work against you. If at all possible, you will want to pay off the credit card debt that you transfer within the grace period.

Transfer Away

After you have done your research and understand your finances, you are ready to apply online for a balance transfer credit card. Pick one that suits your needs. Then set up a system to pay off the balance. Balance transfer credit cards can provide the first step toward getting out of credit card debt. By placing all of your credit card debt in one place, you can make just one easy payment each month. You also will be able to enjoy paying 0% interest for a period of time on your balances. With a little planning, you will soon be on the road to zero credit card debt and good money management. Click here to find http://www.credit-card-surplus.com/balancetransfer.php. Ed Vegliante runs http://www.Credit-Card-Surplus.com, a directory helping consumers to compare and apply for credit cards. ]]> Best Balance Transfer Credit Cards May Save Your Life http://www.artwoo.com/article/best-balance-transfer-credit-cards-may-save-your-life http://www.artwoo.com/article/best-balance-transfer-credit-cards-may-save-your-life#comments Thu, 10 May 2007 01:29:53 +0000 balance transfer credit cardsbest balance transfer credit cardscredit card balance transfercredit card balancecredit card companieshigh interest ratesfalse sense of security http://www.artwoo.com/article/best-balance-transfer-credit-cards-may-save-your-life false sense of security. Somehow you find yourself being lured to make purchase after purchase by that little piece of plastic between your fingertips. It's a very common scenario. And if you are a part of the working class, it's not likely that you will be able to afford to pay your balance in full. So you find yourself paying the minimum amount due printed on your statement every month, only to find out months later that you're not that far from where you've started.

The reason for this is compounded on top of your outstanding balance. Some charge interest of up to 18%. And if you are only paying minimum, or slightly above minimum, you just can't win. Its time to think of an alternative and that is finding the best .

What Is a Transfer? Simply put, a balance transfer means moving your debt from one credit card to another. This is a very good way of saving money. If you have more than one credit card, you can even consolidate your debts by transferring all your outstanding balances to just one card. Many credit card companies offer an interest-free period, making them the . There are also some offering considerably lower interest rates than what you are putting up with.

How Does It Work? A credit card balance transfer is pretty straightforward. All you need to do is apply for a new credit card. Once approved, you can give the details of your old credit card to the new issuer and they can transfer the balance for you. If your new credit card has an online banking feature, you can even do the transfer yourself. Of course, you have to do your research and find the best balance transfer credit cards that fit your needs.

How Can I Find the Best Balance Transfer Credit Cards? Research might be painstaking but it can help you find the best balance transfer credit cards. Find a credit card that would let you transfer your outstanding balance from your old card with a 12-month 0% annual percentage rate, or APR. Also make sure that the new credit card offers low interest rates after the period is over.

Read the Fine Print. If you plan to make purchases with your new credit card, be very careful. Even if they have a balance transfer rate of 0%, most credit cards still offer the standard, and sometimes even higher, interest rates for purchases. Any payments made goes towards your balance transfer. As a result, interest is compounded each month until your balance transfer is paid in full. The best balance transfer credit cards offer 0% or low interest rates for both the balance transfer and purchases. Also be aware that some credit card companies will charge a transfer fee for every balance transfer.

Protect Yourself. Once you have chosen the best balance transfer credit cards for your needs, don't be too cocky to take further precautions. Where money is concerned, there are a hundred and one ways for things to go wrong.

=95 Do the balance transfer as quickly as possible. Most credit card companies have a limited period for you to take advantage of any promotions.

=95 If the approved credit limit is not high enough for your outstanding balance, just move what you can. Most people make the mistake of not using the new credit card because the credit limit is not high enough.

=95 Even with an interest of 0%, it is still debt. Always pay at least the minimum amount required to avoid penalties, or worse, losing the deal offered by the best balance transfer credit cards that you chose.

Manage your credit cards responsibly, or else you just might create more debt without a way of paying for it. Interested in best balance transfer credit cards ( http://www.creditcardmonitor.org/balancetransfers.php )? Visit http://CreditCardMonitor.org today and find easy to get credit cards ( http://www.creditcardmonitor.org ), particularly zero interest credit cards ( http://www.creditcardmonitor.org/lowinterest.php ). ]]> Choosing A 0 Balance Transfer Credit Card http://www.artwoo.com/article/choosing-a-0-balance-transfer-credit-card http://www.artwoo.com/article/choosing-a-0-balance-transfer-credit-card#comments Thu, 31 Aug 2006 20:27:04 +0000 rate credit cardsbalance transfertransfer credit cardcredit card accountinterest rateintroductory periodbalance transfers http://www.artwoo.com/article/choosing-a-0-balance-transfer-credit-card interest rate being charged monthly. If you can only pay the minimum due each month, you will never get ahead. The majority of your monthly payment is being eaten up by interest. There is a way out of this situation and that is with a 0 Credit Card.

A 0 Balance is an offer that gives you an introductory 0% APR, usually for the first twelve months billing cycles and allows you to transfer the balance from high interest to your new account. With a plan and discipline, this allows you time to pay down your principal interest free.

Like all consumer products, 0 Balance Transfer Credit Card offers are not altogether the same, so you really need to do your homework and compare the fine print of each card. You need to be certain that the card you finally decide on will give you exactly what you want and that's to pay down as much of your debt as possible during the . It's also wise to know what the regular interest rate will be once the introductory period is over should you not be able to pay off the entire balance during the introductory time.

Some cards offer the 0% APR for as well as new purchases and cash advances, while other issues only offer the 0% APR for the balance transfer only. Please be aware that payments are applied toward the lower interest rate balance. So if the 0% APR only includes the balance transfer and you charge on your card, any payments made will be applied toward the 0% APR balance until it is cleared.

There is a charge for transferring the balance to your new account, ranging from a minimum of $5, to a maximum of $75. This transfer fee is for each balance you move over to your new account. Review each offer carefully to see what their proposal is.

When your new 0 Balance Transfer is approved, you will be given a line of credit depending on your credit worthiness. You will only be allowed to transfer the balance from the higher interest accounts to within the set credit limit of your new account. Should you make a late payment or go over your line of credit, your introductory offer will be withdrawn

A 0 Balance Transfer Credit Card can be a useful tool in paying down your debt, interest free, if you have a financial plan and stick to it. Bradley Carson is the owner of Apply Online For a Credit Card at http://www.cards-king.com, a website created to bring concise credit card information and introduce offers from premier financial institutions. See Brad's current recommendations of 0% Balance Transfer Credit Cards at http://www.cards-king.com/categories/balance_transfer_credit_cards ]]> What To Look For In A Balance Transfer Credit Card http://www.artwoo.com/article/what-to-look-for-in-a-balance-transfer-credit-card http://www.artwoo.com/article/what-to-look-for-in-a-balance-transfer-credit-card#comments Mon, 17 Jul 2006 12:27:22 +0000 credit card balancestransfer credit cardinterest credit cardsbalance transfernew balanceconsolidateinterest rate http://www.artwoo.com/article/what-to-look-for-in-a-balance-transfer-credit-card new balance , take the time to compare a number of credit cards, as the terms and conditions of these offers varies greatly. There are numerous things to consider before you take this step of choosing a new card. Be sure to read the fine print.

First, you need to have a plan on why you're applying for this new credit card. If it's to two or three from higher to a card offering an introductory 0% APR, there's more you need to know. Some issuers charge a fee for each balance transfer transaction. This can amount up to 3%, or a flat fee of $35.00 for each transfer. So if you have a number of account balances you want to consolidate, you need to figure this charge in also.

Some financial institutions only offer the 0% APR on the balance transfer amount and not on new purchases. So if you've transferred balances to this new credit card, and then you use the credit card for new purchases, when you make a payment it is applied toward the lower APR balance and you're assessed interest on your new charges. It isn't until the balance with the lower is cleared, that your payments are then applied toward the newer charges with the higher interest rate.

Another thing to take into consideration is the balance limit on the new balance transfer credit card. Is it enough to cover those other credit card balances you want to consolidate? If the credit limit isn't high enough, they won't transfer the whole amount. In addition, you wouldn't be able to use the credit card as it would take you over your credit limit. Again, read the fine print. Going over your credit limit would take you out of the terms and conditions of the credit card, thus voiding the special introductory offer. The penalties can be steep.

You also need to know if there is an annual fee for this new balance transfer credit card. If there is a fee, that would have to be taken into consideration when determining any savings you might realize by consolidating your debts into a new balance transfer credit card.

Now, don't get me wrong, a balance transfer credit card can be a good thing and work to your benefit. With a definite purpose of eliminating some of your debt and then sticking to your plan, a balance transfer credit card with a 0% APR valid for several months, can save you a lot of money in interest payments. Bradley Carson is the webmaster and editor of Apply Online For A Credit Card at http://www.cards-king.com . This is a website created to bring concise credit card information and credit card offers from premier financial institutions. ]]> The Secret To 0% Balance Transfers On Credit Cards http://www.artwoo.com/article/the-secret-to-0-balance-transfers-on-credit-cards http://www.artwoo.com/article/the-secret-to-0-balance-transfers-on-credit-cards#comments Sun, 24 Feb 2008 02:25:01 +0000 balance transfer credit cardscredit card balances0 balance transferscredit card statementshigh interest rate0 balance transfer credit cardsholiday spirit http://www.artwoo.com/article/the-secret-to-0-balance-transfers-on-credit-cards credit card statements and realize that there is no way that you will be able to pay everything off the way you need to. Soon enough the calls will start rolling in from the credit card companies asking where their money is.



You can avoid all of this if you start taking advantage of the 0% that are out there and yours for the taking. Many consumers feel like they must be missing out on some huge secret because they are paying upwards of 20% on their credit cards, but the fact is that there isn't a secret. You simply need to seek out the opportunities and make them work for you.

Making 0% Balance Transfers Work for You

If you already realize that you are going to pay for your over the next year you should take advantage of the credit card offers out there that will allow you to transfer all of your balances with 0% interest. Wondering what the secret is?



Honestly, the secret is to apply for those cards now and start transferring those balances before you have to pay any more interest than you have already had tacked onto your account. The longer you wait the more you will have to pay on your purchases so now is the time to make your move if you are going to do it.

Are you wondering how these 0% credit card offers work? The process is very simple; the credit card companies want you to transfer all of your other to their credit cards. They often will offer you the 0% interest for a limited time, such as a year. During this time you will not have to pay any interest. Instead you are able to simply make payments on the balances that you had transferred from the other cards.



If you go over that limited time then there will usually be a fairly , but hopefully you will have made a good dent in the existing balance so you cannot worry about the interest rate too much. If the interest rate is too high, you can always move the remaining balance to a new 0% balance transfer credit card.

Other 0% balance transfer credit cards do not have a limited time on the balances that you transfer with no interest but they will charge you interest in new purchases. Again, the interest is usually a bit higher than you might pay otherwise, but when you consider how much you are saving by not paying interest on your transferred balances you are still getting ahead.



Those that really want to eliminate debt will get these credit cards and not buy anything new with them, simply use them to pay off their debts and then they are done with them. 0% balance transfer credit cards are a great way to save money and get out of debt faster than you would have been able to otherwise. We all need multiple credit cards. So visit http://www.comparethem.co.uk/credit-cards/ and learn why it is smart to get 0% balance transfers at http://www.comparethem.co.uk/credit-cards/0-balance-transfers/ Come to us at http://www.comparethem.co.uk/ ]]> Take Advantage Of A Balance Transfer Credit Card http://www.artwoo.com/article/take-advantage-of-a-balance-transfer-credit-card http://www.artwoo.com/article/take-advantage-of-a-balance-transfer-credit-card#comments Wed, 24 Jan 2007 06:27:12 +0000 balance transfer credit cardsbalance transfer credit cardbest cardsbusiness credit card0 aprtransfer credit cardtransfer options http://www.artwoo.com/article/take-advantage-of-a-balance-transfer-credit-card balance . This is a feature that is on most types of cards but it could really be to your advantage. Here are some ways that this card can help you and some tips on how to choose the right one.

The first thing you want to do is to select the type of card that is just right for you. Whether it be an air miles card, or a driver's credit card, or a rewards card, or even a , you should select which one will give you the greatest advantage. You can determine this by looking for the largest amount or type of purchases you make each month.

Once that is done, you want to start looking at the balance and compare them. You need to look at more than just to see if it says there is a 0% APR interest rate on balance transfers. All balance transfer options on different credit cards are not equal. Some will charge you as much as four percent of the transferred amount - even if there is 0% APR interest! Many will not charge you to do this, so look around and find one that will not.

Balance transfer credit cards also have different lengths of time for the amount transferred that you can get the 0% APR interest. Some will give you that rate for only three months, but will allow you to have 0% APR interest on all your new purchases for a year or longer. Other credit cards (the best ones) will give you that great interest rate until it is paid off - an unbeatable feature on the . If you can get this, and you have balances on other credit cards, this is the way to go.

Another thing that you want to watch for is just how long a time period do you have to be able to put existing debt on your new balance transfer credit card. It is very important that you find out about this because many cards will only allow you to use this feature when you apply for the card. You literally have to fill in the amount of all transfers, and the card information, when you apply. Transfers, on some cards, cannot be made after that.

Finally, as with any credit card offer, be sure that you also look at the interest rate. It will eventually be the rate you will be paying if you have outstanding balances. Get as low of an interest rate as possible, or, apply for a new balance transfer credit card before the introductory period on this card expires - especially if you still have outstanding debt. However, instead of fully charging up the old card when you make the transfers, be sure to destroy the old card and reduce your debt altogether - that way you are sure to get the best savings. Joe Kenny writes for the UK personal finance sites http://www.ukpersonalloanstore.co.uk and also http://www.cardguide.co.uk ]]> Understanding A Credit Card Balance Transfer http://www.artwoo.com/article/understanding-a-credit-card-balance-transfer http://www.artwoo.com/article/understanding-a-credit-card-balance-transfer#comments Mon, 11 Feb 2008 06:25:04 +0000 credit card balancecredit card balance transferharassing phone callscredit card balance transfer offersmoney in the bankdifferent reasonsbest interest http://www.artwoo.com/article/understanding-a-credit-card-balance-transfer credit card balance transfer and you are wondering what it is all about and if it if something that you should consider? Most of us have heard of a but they are not too sure what it is and if it is something that they can take advantage of.



The fact is, if you have some outstanding balances with credit card companies out there you may want to consider taking advantage of one of these opportunities. Many times you can save money and reduce stress by taking advantage of these offers that are sent your way.

The Credit Card Balance Transfer Explained

So you received the offer and you are not really sure what it is. Basically, you are being asked if you would like to move the debts that you have with one credit card company to another credit card company. Are you wondering why you would possibly do this? Everyone does it for , but there are a couple of reasons out there that really do make sense and are in your to take advantage of the deal.

The first reason that you would want to take advantage of this deal is because the offer is giving you a better interest rate than you currently have. For instance, if you have a credit card balance that you are currently paying 29% on and you receive a balance transfer offer for 20%, you might as well transfer the balance to the new card and save on the interest.

Why spend more on interest than you have to when you have an offer sitting right in front of you that will allow you to keep the or at least continue to make the same payment but actually pay more than interest?

Another reason that people accept is because they are tired of dealing with their current credit card company. If you are behind on your payments and you are tired of the and you just want to be done with it, you can transfer the balance and be done with the company for good.



Of course, you will need to continue to make timely payments with the new company if you want to stay out of this situation but at least you know you are done dealing with the nagging phone calls from the previous credit card company.

Many people find that they can transfer their credit card balances for a lot less interest than they are currently paying.

In fact, there are deals that will allow you to transfer balances to 0% interest cards. Could you imagine how much more of your debt you could pay off if you stopped accruing interest?

You would be amazed at just how much you are currently paying in interest and you would find yourself debt free a lot sooner! Balance transfers simply, and without any doubt, make good sense! 0% balance transfers at http://www.comparethem.co.uk/credit-cards/0-balance-transfers/ have consumers really excited. And then there are 0% credit cards at http://www.comparethem.co.uk/credit-cards/0-credit-cards/ All this and more at http://www.comparethem.co.uk/ ]]> Guide To The Best Balance Transfer Credit Cards http://www.artwoo.com/article/guide-to-the-best-balance-transfer-credit-cards http://www.artwoo.com/article/guide-to-the-best-balance-transfer-credit-cards#comments Mon, 10 Apr 2006 23:00:05 +0000 balance transfer credit cardscredit card companiesfinance chargesintroductory periodconsumersbalance transfersinterest rate http://www.artwoo.com/article/guide-to-the-best-balance-transfer-credit-cards Balance transfer credit cards make an excellent choice for looking to transfer a balance from a higher credit card to one with a lower interest rate. In this way, the consumer can save money by reducing or even eliminating . When looking for the best balance transfer credit cards, it is important to look at a variety of factors.

The APR is one of the first factors a consumer should consider when looking for the best balance transfer credit cards. are hoping to steal your business away from other credit card companies. As a result, they often make special introductory offers with lowered interest rates for . In many cases, this APR will even be 0.00%. Be sure to find the balance transfer credit card offering the lowest APR, and then only use that card for your balance transfer. Don't use it to make any purchases. This is what the credit card companies are hoping consumers will do so they can assess finance charges on the purchases they make with their card.

The length of the special introductory APR varies from card to card. Sometimes, the length is also dependent upon the applicant's credit history. It is important to be sure how long this period lasts and to set goals to have the balance paid in full once the is complete. The best balance transfer credit cards will keep the special introductory rate in effect on the card for the life of the loan. In other words, the APR stays the same until it has been paid off entirely. For consumers that will not be able to pay off the balance within the introductory period, this is certainly the best way to go.

Most credit cards assess fees when making balance transfers. These fees are generally determined as a percentage of the total amount of funds transferred. Most commonly, balance transfer fees are 3% of the amount transferred. Many balance transfer credit cards will, however, waive these fees during the introductory period. It is best for consumers to choose these balance transfer credit cards. Otherwise, they may be paying large amounts in fees, negating the savings in finance charges.

Some balance transfer credit cards require initiating balance transfers at the time of application for the card. Yet others allow balance transfers to be completed throughout the duration of the introductory period. The best balance transfer credit cards are the former, simply because they allow for more flexibility. Consumers who are sure they will not need to transfer balances later may, however, be happy with a credit card that only allows transfers to be made at the time of application.

Some balance transfer credit cards place restrictions on the types of balances that can be transferred. For example, some business credit cards only allow business expenses to be eligible for introductory rates. It is important for consumers to be sure to understand what type of balances can be transferred before applying for a card to ensure it meets their needs.

Many balance transfer credit cards also have special rewards programs. Consumers need to compare the programs before deciding on a credit card so they can choose the card with the rewards program best suited to their lifestyle. In addition, some balance transfer credit cards do not count the funds that are transferred toward the points system used in the rewards programs. To get the most of the card, consumers should find balance transfer credit cards that do count the transfers toward their rewards programs. About The Author: Will Roberts recommends you visit http://CreditCardAssist.com to learn more about the best balance transfer credit cards http://www.creditcardassist.com/balancetransfer/creditcards.html currently available in the marketplace. ]]> Balance Transfer Credit Cards: Get the Most From Your Balance Transfer http://www.artwoo.com/article/balance-transfer-credit-cards-get-the-most-from-your-balance-transfer http://www.artwoo.com/article/balance-transfer-credit-cards-get-the-most-from-your-balance-transfer#comments Sun, 03 Aug 2008 11:50:29 +0000 balance transfer credit cardbalance transfer cardspaying off credit card debtcredit card debtzero percenttwelve monthspaycheck http://www.artwoo.com/article/balance-transfer-credit-cards-get-the-most-from-your-balance-transfer balance transfer credit card will help you do just that. This type of card lets you bring over an existing balance or loan and pay it off at a lower interest rate. Hereand#8217;s how to get the most out of a balance transfer credit card.

Transfer the Balance

Before applying for a balance transfer card, youand#8217;ll want to check out your options. First look at the fees involved, as these may vary from card to card. Many companies charge a certain amount to bring over an existing balance. The usual rate is around 3 percent of the total amount, and some cards include a cap of $50 or $75. In most cases, the money you save in interest will outweigh the cost of transferring.

Also compare the interest rates. usually come with a 0% APR period. This means that you will have a certain time, usually between six and , during which you will not be charged any interest. You can use this time to pay off the balance.

Get the Most from it

Once youand#8217;ve found the best balance transfer card to apply for, itand#8217;s time to pay off the debt. Ideally, you will want to pay it off within the initial interest timeframe. Say you transfer a balance of $2,400 and you have twelve months of 0% APR. All you need to do is put $200 toward the debt each month for twelve months. Pay that amount at the beginning of each month, or every time you receive a .

Think about it: if you pay off the $2,400 balance on the card within a year, you will save hundreds of dollars. If your previous card charged 18% APR, and you carried the balance for a year, you would have to pay $432 in interest! That is a significant savings.

If it becomes difficult to pay $200 each month, reduce the amount you pay to $150. Then keep paying that amount until the entire balance is paid off.



Use the Card

Many experts recommend before using a new card. This rule of thumb applies to balance transfer credit cards too. Some cards are set up so that if you make new purchases, the amount you pay each month will first be applied to those, and then to the transferred balance. This can make it hard to pay off the balance in its entirety. To avoid problems, donand#8217;t use your new credit card right away. Put it in a drawer until you have paid off the balance.

Once the debt is paid off, you can begin using the card. Many balance transfer cards come with additional perks such as rewards programs or cash back options. So when you start shopping with the card, you will receive even more benefits. Try to pay off the amount on the card each month to avoid interest charges and late fees.

A balance transfer credit card can help straighten out your finances. Apply online for one today and youand#8217;ll notice the difference right away. Soon youand#8217;ll be debt-free, thanks to your credit card.Click Here to Find Balance Transfer Credit Card Offers Stephanie Andrews is a contributing editor of the website www.CreditCardCity.com , a credit card directory where you can apply for a new card with online applications.]]> Balance Transfer Credit Card http://www.artwoo.com/article/balance-transfer-credit-card http://www.artwoo.com/article/balance-transfer-credit-card#comments Sat, 29 Jul 2006 12:27:11 +0000 credit card debtcredit card offerstransfer credit cardinterest credit cardthings to rememberbalance transfercredit cards http://www.artwoo.com/article/balance-transfer-credit-card credit card debt, your answer could be a balance .

For most , the minimum payment due each month barely covers the interest. It could take you years to pay off that balance and with payments totaling at least twice the original amount billed. Substituting a higher with a lower interest card with a 0% APR introductory offer for the first twelve months makes perfect sense. If you take the time to compare and figure out a payment strategy, you could significantly lower your credit card debt, interest free.

Many of the balance transfer credit card offers include a transfer fee, either a minimum of $50 up to 3%. You need to take this into consideration when computing your savings.

Of course the best strategy would be with the intention of having the full balance paid off by the end of the introductory period so you could be debt free. But if that is not possible, by paying what the minimum was previously, estimating $125 per month, add an additional $50 to $75 each month, you could still have a good portion of that balance paid down and save yourself over $1000 in a year. If at the end of the 0% introductory period, the new balance transfer credit card offers a lower rate than your present card, you're still a winner.

Now there are a few when you're playing this trading credit card game. If the purpose is to lower your debt, don't continue to use the old credit card. After a few months you might want to cancel it.

Another thing to think about if you are planning on applying for another balance transfer credit card with a 0% APR introductory period when this card is twelve months old, that each credit inquiry effects your credit score. So try to keep switching credit cards to a minimum.

Applying for a balance transfer credit card can be effective if you have the right plan and stick to it. You can be on your road to be debt free and rather than pay interest to the bank, pay yourself. Think of how much you could accumulate if you were able to put that $125 to $200 each month into an interest bearing account that pays you! Bradley Carson is the webmaster and editor of Apply Online For a Credit Card at http://www.cards-king.com. See our recommended list of Balance Transfer Credit Cards at http://www.cards-king.com/categories/balance_transfer_credit_cards ]]> How To Find Good Balance Transfer Cards http://www.artwoo.com/article/how-to-find-good-balance-transfer-cards http://www.artwoo.com/article/how-to-find-good-balance-transfer-cards#comments Wed, 19 Jul 2006 04:27:05 +0000 credit card balance transfer offerscredit card balance transferscredit card balancecredit card creditcredit cardsshopping spreebalance transfer http://www.artwoo.com/article/how-to-find-good-balance-transfer-cards transfers are an easy option for managing credit. Some people switch their balances from card to card to take advantage of each new offer. This is known as card jumping or rate surfing.

offers can also be used to reduce the interest paid on bank loans or other loans. If the credit limit is high enough, you may even be able to pay off the loans completely. Some provide credit card cheques for this purpose, but you'll need to be careful. Some credit card cheques have higher interest rates than the credit card itself, so read the fine print very carefully. Some credit cards also allow you to transfer the balance from store cards. This can be useful after an intensive !

Types Of Balance Transfers

There are two main types of credit card balance transfer offer. Many credit card companies offer users the chance to transfer balances for a rate of 0% for a fixed period, such as six or nine months. Once this offer has expired, the interest rate on the transferred balance will revert to the standard variable rate, which is likely to be considerably higher.

The best way to take advantage of 0% balance transfer offers without ending up with higher interest rates is to get a new credit card about a month before the balance transfer offer expires. Then you can transfer the outstanding balance on your old credit card to a new card and continue to save money on credit card repayments. Remember not to apply for too many new cards at once, as this could damage your credit rating.

The second type of balance transfer offer is one that offers a fixed rate on the money transferred for as long as it remains on the credit card. This may be a good option if you're currently paying interest at a higher rate. These offers tend to offer a rate of around 5% which is considerably lower than standard interest rates. With this type of offer, there's no need to worry about transferring balances every few months.

Credit Card Purchase Rates

With this type of offer, it's best to check the rate that applies to purchases. Credit cards that offer a low balance transfer rate often have a higher rate for any spending on the credit card. It is also common to take any payments you make off the lower rate total first, which means you could end up paying quite a bit for spending on the card.

Each type of balance transfer offer has advantages depending on the amount of debt you have, how you spend and how you plan to pay off the credit card balance. Some credit cards and store cards have annual percentage rates that are well over 20%. Shopping around for a balance transfer card could save hundreds. Joe Kenny writes for the UK personal finance sites http://www.ukpersonalloanstore.co.uk and also http://www.cardguide.co.uk ]]> Taking Advantage of Balance Transfer Credit Cards http://www.artwoo.com/article/taking-advantage-of-balance-transfer-credit-cards http://www.artwoo.com/article/taking-advantage-of-balance-transfer-credit-cards#comments Wed, 29 Oct 2008 12:08:28 +0000 0 apr credit cardsinterest credit cards0 interest credit cards0 credit cardscash back rewardsno interest credit cardscash inflow http://www.artwoo.com/article/taking-advantage-of-balance-transfer-credit-cards Save Money with 0% Balance Transfer Cards

Receiving a 0% equilibrium transport card that does not blame whichever attention during the introductory era can help you increase your finances in several important ways: You will find that no allow you to consolidate high-interest debt. You can make use of the money from 0 balance transfer cards to pay off debts from higher interest cards. Some credit card applications may also have special offers of low interest rates on balance transfers made along with the application.

can give your budget a . When there is unusually high expenditures or need for extra cash, a 0 APR credit card can helps to tide you over until your income is able to catch up. Many will even transfer money directly to your bank account or send you a check within the specified period.

Interest credit cards cannot help you make purchases earlier. A 0 APR credit card give you the alternative to make big purchases previous than you or else could do.
a lot of the also present near to the ground interest, cash back, rewards or frequently flyer miles.

Getting the Most Out of 0% Balance Transfer Cards

To get the most out of your 0 APR credit card, always read the terms and conditions carefully before you sign up for the same. For all equilibrium move cards, the 0% introductory rate will expire after a designated period. Make sure that you are aware of precisely when that era ends by interpretation the terms of the balance transfer, so that you don't annoyed with a high interest rate that will undermine your savings.

Also, make sure you are aware of what the transaction fee is for each balance transfer. In some cases there will be no fee, and that will be clearly indicated in the card benefits or terms and conditions. Otherwise, it is usually at $50 - $75 per transfer. Many credit cards consider convenience checks as balance transfers, but the money can go blindly into your checking account instead of paying off another credit card. So make sure you are aware of the 0% interest period for the convenience checks and for the transfer fee.

Taking advantage of these type of cards really isn't that hard. Just do your research and make sure you read the fine print. By accomplishing this, a great card will come your way. Once you get the card, simply use it and not abuse it and you'll be enjoying a nice 0% interest rate.Find low apr credit cards and more of Tom's work at FINDlowcards.com.]]> When Credit Card Balance Transfer Is For You http://www.artwoo.com/article/when-credit-card-balance-transfer-is-for-you http://www.artwoo.com/article/when-credit-card-balance-transfer-is-for-you#comments Tue, 04 Dec 2007 22:25:00 +0000 have been unablecredit card balancebalance transfercredit card billscard issuercredit card companiesfinance company http://www.artwoo.com/article/when-credit-card-balance-transfer-is-for-you credit card bills. There are the monthly insurance premiums, mortgages and car loans to think of, and we were not sure if our salaries (combined with our respective husbands' salaries) could take any more load.

A was at the back of my mind, but I did not have enough knowledge about it to even have the courage to bring up the topic. But I was fortunate to have a friend in a who was willing to give me advice on how to go about things.

What is a balance transfer? If you have not been able to pay for your credit card debt, you can transfer the balance to another . If you do this, you might just worm your way out of additional expenses like late fees. Many people opt for balance transfer because another issuer is offering lower interest rates.

How can you benefit from balance transfer? If you to pay off your , it is most likely that the finance charges are adding up to your debt on a monthly basis. By transferring your balance to another credit card, you will have the opportunity of starting anew.

You do not have to worry about being charged with late payment fees as long as you keep paying for the minimum amount due every month. It is always better if you pay more of course. If you are looking to save some money, give some thought to availing of a balance transfer card at a low rate of interest.

How can I transfer my current credit balance? The first thing that you will have to do is look out for that offer balance transfer. Make sure that their interest rates are much lower compared to your old card issuer - it's possible to get 1% to 2% interest if you take your time negotiating and researching for a reputable company.

If you do your research right, you could end up with a bank that offers free balance transfers. Some will give you a grace period of six months to a year, where in they charge a lower interest on your transferred balance. Because these card issuers want your business, they will be more than happy to accommodate you. A maximum of four weeks is all that it will take.

Would balance transfer have an effect on my credit ratings? This is the tricky part. If you are just going to transfer the balance to another card, your credit score is safe. Some say that it is better to close the old credit account, but that is not true in most cases. Not only does part of your credit history get "erased", your debt ratio will be affected negatively especially if your new card has a lower credit limit.



On the other hand, having an open bank account will also affect your credit score, but not as much as closing it. The best thing to do is to keep both accounts open. The old credit card can be discarded, or you can use it as before. But take care to make payments on the transferred amount. Credit Cards With Cash Back at http://www.thriftyscot.co.uk/Credit-Cards/cashback-credit-card.html Balance Transfer Credit Cards at http://www.creditcards-gb.co.uk/balance%20transfers.html Credit Cards with Rewards at http://www.thriftyscot.com/rewards-credit-cards/ ]]>