Balance transfer deals can make a difference

Advertising Disclosure

Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from many credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » Research » Guides » Balance Transfer Cards » Balance transfer deals can make a difference

Balance transfer deals can make a difference

Add to Favorites:

We all end up being victim to advertisements and emails about credit cards. So many emails flood our inboxes that we are often tempted to sign up for a card without a second thought about whether it is really a good idea. The problem with credit cards is that you can't live without them and you sometimes cannot live with them either. The important thing though is to make your decision carefully. More than half of the American population makes a hasty mistake especially when looking for their first unsecured credit card. The idea of increased spending power is very intoxicating and many end up spending above their means and then struggling with their payments afterwards.

Pay the minimum due

It is possible to choose the wrong card, however it is also possible to set the record straight if you work at it a little bit. Make sure you are able to cover the payments on your card. Do not add up to the outstanding amount you have to pay or keep it for later, the more you can pay off the better it is. Sometimes when you can afford to make more than the minimum payments, do not neglect to do so and close off what is owed on the card. Often the reason why bills on credit cards get unmanageable is because people do not take it seriously and pay off what is owed soon enough.

Consider negotiating on interest rate

When you wish to handle your credit card debts, you should consider a number of important factors; firstly, if the rates of interest on your card have gotten as bad as to be difficult to pay off, then you should look at a cheaper option that is available through balance transfer deals. Often lowered rates of interests can be obtained if you know how to negotiate and if you have had a good credit score. People tend to look for promotional zero interest offers in the market by which they can certainly pay less on their regular payments and also manage to earn a good amount of money saved on the interest payments. That way it will be easier to sort out the outstanding amount that is owed on your card. With balance transfer deals at zero fees and zero interest rate for six months or more, many people have overcome their situations of debt and managed to bounce back onto the market with much better credit scores.

All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products’ Terms & Conditions on the issuing banks' websites.
Add to Favorites:
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.

Related Research:

How to Subdue Wedding Expenses and Earn up to $1,000 for Honeymoon

How to Subdue Wedding Expenses and Earn up to $1,000 for Honeymoon

Posted: June 21, 2017

Whether you are married or not, we all agree that marriage is incredibly important for a person. It signifies the beginning of two people as a team, as a family, of a long commitment. It is a newly born union and the sign of your choice, ... Continue reading
How to Save Money. Best Credit Card Deals and Tips.

How to Save Money. Best Credit Card Deals and Tips.

Posted: June 20, 2017

We all've been through or may find ourselves in such an emergency when money is needed immediately. Lucky you are if you have savings for unexpected expenses. If not, it's never too late to start saving money. There are different ways to ... Continue reading
How the Fed Rate Rise Impacts Credit Cards

How the Fed Rate Rise Impacts Credit Cards

Posted: June 20, 2017

Recently, the Federal Reserve hiked its benchmark rate by a quarter percentage point, as a result, you could see a rise of the interest rates on your credit cards by 0.25%. That was the first hike of the key rate in 2017 and the Fed ... Continue reading