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Credit Card Applications » Credit Card Questions » Other Questions » I would like to know how I find a credit card that will allow me to transfer balances. I had a...

I would like to know how I find a credit card that will allow me to transfer balances. I had a...

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Date:
August 2, 2007, 9:28 am
I would like to know how I find a credit card that will allow me to transfer balances. I had a low credit score though.
Thanks.
Answer:
Balance transfer is a popular tool to consolidate the whole debt on the one card that usually offers better terms - lower APR, no extra fees, etc. Thus, balance transfer cards can be a good way to cut down debt, to save money and to improve the credit score. However the best balance transfer cards are obtainable only by people with either good or excellent credit (that is whose credit score is above 660). Still, even if your score is yet not high enough that does not mean you can't make a transfer of balance. There are cards for people with fair credit (620-659) that permit to accomplish balance transfers. Pay your attention, for instance, to the Capital One® Standard Platinum or Capital One® Platinum. These are the cards for the people who want to improve their history. They offer no introductory period with 0% APR, nevertheless the balance transfer is possible. Read all the information concerning these cards and if they comply with your requirements apply for one of them online. If your score is below 620 unfortunately you are not eligible for deals with balance transfers yet.
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