Balance Transfer Credit Card Article Directory
About Editor’s Picks: Our editor selects credit cards based on the features the credit card offers consumers, including introductory rates, fees, long term interest rates, and its relative value compared to competing offers. While this site receives remuneration from credit card companies, our rankings strive to objectively provide consumers with relevant, unique options.
From the Editor: Over the past six years, I’ve literally written hundreds of articles on the subject of balance transfers. In that time, much has changed. And those changes have not been positive. While I do my best to update content regularly, some articles discuss credit cards and balance transfer deals that are no longer available. It is my hope that currently irrelevant topics such as no fee balance transfers and fixed APR balance transfers will be relevant in the near future, as these were generally the best deals on the market.
I hope you find the following articles useful and informative and I greatly appreciate any feedback or comments that visitors like you provide. The purpose of this site is to help people save money and if I can do a better job, please don’t hesitate to tell me how. I wish you the best of luck in securing a good balance transfer credit card and thank you for providing me the opportunity to share my knowledge with you.
Balance Transfers 101: A balance transfer is the act of transferring debt from one credit card to a new card that has a lower interest rate. There are two types of balances transfers: limited duration balance transfers and fixed rate balance transfer.
How Many Balance Transfer Credit Cards Do I Need: Applying for more than one balance transfer credit card has many advantages. It can help you get a high enough credit limit, but also, get the best possible deal.
How to Avoid a Balance Transfer Mistake: A 0% APR balance transfer provides a great opportunity to save money on interest. However, there are three pitfalls one must avoid to insure a 0% balance transfer doesn’t become a balance transfer mistake.
The Best 0% Balance Transfer Credit Card for You: This article examines questions to ask yourself before applying for a balance transfer credit card so you can find an offer that will save you the most money and help you get out of debt as fast as possible.
When to Get a 0% APR Credit Card: If you are not using your new credit card for balance transfers and want to get the most out of a 0% APR credit card, timing is key. Ideally, you’ll want to apply for a card a few weeks before making a large purchase to get the most out of your 0% rate.
Common Balance Transfer Mistakes: While the CARD Act protects credit card users from the most egregious fine print tricks, there are a few common mistakes that can eat away at your balance transfer savings.
0% Interest Balance Transfer Credit Cards: Reading the Fine Print: In the fine print of many 0% APR balance transfer offers you are likely to find transfer fees. Balance transfer fees are a nuisance if you get a 0% rate for 12 months or more, but a potential dealbreaker if you can only get a 0% APR on balance transfers for 6 months.
0% Balance Transfer Dos and Don’ts: With 0% balance transfer options dwindling and credit card companies growing evermore stingy, these tips can help you take advantage of the best deals on the market and avoid balance transfer mistakes that could sap your savings opportunities.
Don’t Transfer Credit Card Balances When Applying Online: Credit card companies are raising balance transfer fees and shortening the length of 0% balance transfer offers. Why, because they don’t want your balance transfers. Because of this, and two other key reasons, it is best to apply online and wait to transfer balances until after your credit card application is approved.
How Long do Balance Transfers Take: While it may be tempting to transfer balances online to expedite the balance transfer process, one should wait until their credit card arrives in the mail, which adds about a week to how long balance transfers take.
Get Out of Credit Card Debt with Balance Transfers: Getting out of debt is a difficult process. However, utilizing balance transfers can provide more than interest savings. They can also help get you out of credit card debt faster.
How Balance Transfers Impact Credit Scores: Examines how balance transfers can impact your credit score positively or negatively.
The Benefits of 0% APR Balance Transfer Credit Cards: Do you know how much money you waste on interest every year? For the average consumer, this figure is somewhere around $140 for every $1000 of credit card debt. This means that someone with $3,000 in debt spends over $400 a year on interest.
Balance Transfer Fees 101: Only a small number of credit cards offer no fee balance transfers, and those that do tend not to offer a 0% interest rate on purchases as well as balance transfers. The vast majority of credit cards that offer 0% interest on purchases and balance transfers charge a nominal 3% balance transfer fee. While a nuisance, balance transfer fees are offset by the interest savings that come with a 0% balance transfer credit card.
A Brief History of Balance Transfer Fees: Discusses how balance transfer fees have gone from zero to as much as 4% during the past few year.