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Credit Card Applications » Credit Card Questions » Other Questions » will a balance transfer bring my credit score down,and would it be considered as bad credit once i...

will a balance transfer bring my credit score down,and would it be considered as bad credit once i...

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Date:
March 31, 2007, 8:52 pm
will a balance transfer bring my credit score down,and would it be considered as bad credit once i have transfer high APR credit cards with a yearly fee to low APR with no yearly fee,how to you do this and maintain your same good rating or without showing damage to your current credit status.
Answer:
To hold a balance transfer credit card, you need to have no less than fair credit. Credit scores in all 3 credit bureaus should be equal because usually creditors look at the lowest score. Having positive credit, you are welcome to our 0% on Balance Transfers page and compare 0 balance transfer credit card options properly. Among balance transfer credit card offers you can find credit cards with no annual fee, cards with 0% APR and with other favourable conditions. With fair credit rating you can visit Cards for fair credit section among which you can find balance transfer cards. Read terms and conditions attentively to choose the card, available for you, and fill out a credit card application. The creditors will determine your credit limit and the amount of balance transfers according to your credit abilities.
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