How to effectively use balance transfers
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 » How to effectively use balance transfers

How to effectively use balance transfers

By
Add to Favorites:

With so many people depending credit cards, it has become inevitable for credit card companies to launch new features that makes credit cards more user friendly. his is something that companies have been striving for, ever since the inception of credit cards. Hence, you too might be interested in knowing more about the different features that are available, among these are, balance transfers. In understanding more about these features, you can be rest assured of being ultra-efficient with your credit cards!

Paying bills on time

One of the most innovative uses of balance transfers is when you have a credit card with a payment coming up very close but you have no money to pay for it at the moment. Hence, if you are expecting some money at a later stage, you can transfer the current credit card amount onto another card and pay it off slowly at a later stage, when you do get the money to pay the bill entirely. This is something that many people resort to doing currently and perhaps one of the things that is actually guaranteed of working pretty effectively.

Get / Provide help

If you want to help someone, you can have them send their balances onto your card. Similarly, if you want help from someone, you can ask for it thanks to the balance transfers feature. Money can be easily exchanged between two parties with minimal effort. You don't even have to go to a bank in order to do this, as many financial institutions now provide for this option on the internet. Therefore, you should consider taking this up, and perhaps even recommend this to others that might find it to be useful.

Shifting balance to an account

It is not just for credit cards, as you can also do balance transfers between credit cards and bank accounts. If you want to make use of this feature with a bank account that you have, it is recommended that you check the option out. In this manner, you can synchronize the bank account and the credit card in a way that will help you make payments on time. Thus, it can be safely said that balance transfer is one of the most useful features of credit cards.

Add to Favorites:
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.

Related Research:

5 Reasons to Get the Capital One Venture Miles Rewards Card

By Herbert Moore, Posted: January 18, 2017

If you’re looking for a great travel rewards credit card—one that offers unlimited earning opportunities, flexible redemption, and lots of perks—look no further. This card from Capital One has you covered. Continue reading

Credit Card Tips For Holiday Shopping 2016

By Herbert Moore, Posted: November 23, 2016

November and December are the busiest months as gift shopping reaches its peak. People rush around looking for the best gifts and the best deals leaving a lot of money in the shops. Holiday season may force you to go over the household ... Continue reading

Credit Cards to Save More on Holiday Shopping

By Herbert Moore, Posted: November 22, 2016

Discounts and special offers are available all year round. Werther you are a bargain hunter or an impulse buyer, make sure you check online discounts and special offers. Also, if you are a cardholder, see if your credit card opens the door ... Continue reading