Just because you’ve hit a few fiscal bumps in the road over the past few years does not mean you are destined to remain trapped in a world of high debt and no better than fair (580-669) credit. If you are like many Americans, a substantial portion of your debt is tied up in high… Continue reading Balance transfer credit cards for fair credit
Being able to improve your credit score from good/very good (670-799) up to excellent (800 and over) can have a major impact on your ability to secure a mortgage or car loan at an interest rate that won’t cripple your monthly budget. Getting there requires, among other things, shrewdly managing your existing debt and working… Continue reading Balance transfer credit cards for good credit scores
A balance transfer credit card is a credit card that allows you to transfer your debt (or balance) from one credit card to another. Usually, people transfer balances from a credit card with a higher APR to one with a lower APR and/or to a card with a 0% intro APR offer. By making a… Continue reading What is a balance transfer credit card?
Managing your credit card balances may seem tedious, or even overwhelming. However, when done shrewdly, proper management of your debt will yield significant tangible rewards. Not only can you reap substantial savings each month, you may also be able to climb out of debt more quickly, opening to the door to new and greater purchasing… Continue reading Balance transfer credit cards for excellent credit
Are balance transfer offers actually that much harder to come by these days? Our data shows not necessarily. Learn more about our findings and about some cards offering 0% intro APR periods.
What are the advantages and disadvantages of a balance transfer? On the surface, the decision to shift existing and expensive debt to a new balance transfer credit card can seem easy. After all, the majority of these products will not charge any interest on the transferred amount for a specified number of months, and many… Continue reading Pros and cons of balance transfers
If you are carrying debt on a high-interest credit card, a balance transfer is one way to reduce your costs. Balance transfer cards may charge a lower APR which can, in turn, lower your monthly payments and help you get out of debt faster. Completing a balance transfer is a relatively easy process, but you’ll… Continue reading How to do a balance transfer
A balance transfer is a feature of some credit cards that allows you to move a balance from one credit card to another. This is commonly done to take advantage of a lower interest rate, but people may also transfer balances to consolidate debt and make it easier to manage payments. If you have a… Continue reading What is a balance transfer?
Balance transfer credit cards can be an excellent tool for easing debt, but understanding how they work and what you stand to gain or lose is important.
Do you know how to choose a balance transfer credit card? Do you know the best way to use it to maximize your benefits? CardRatings compares 27 cards side-by-side and explains the pitfalls and best practices you need to know.