USA
USA
USA Canada
Balance Transfers: What You Need to Ask First
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 » Stop Paying Interest on Debt with a Balance Transfer Credit Card in Three Steps

Stop Paying Interest on Debt with a Balance Transfer Credit Card in Three Steps


Updated: April 11, 2013
Add to Favorites:
Balance Transfer Basics

Do you feel like you’re drowning in credit card debt? Does it feel like you’ll never pay off what you owe, because so much of your money is going toward the black hole of high interest rates? Once you’ve gotten behind on your credit card payments and your balance has crept up, month after month, your debt can feel like a runaway train that’s impossible to catch. But good news! Doing a balance transfer to a low-interest – maybe even a zero-interest – credit card can put the brakes on your balance and speed up the progress of your payments, allowing you to catch up and pay off your balance in full.

Paying off your balance faster and saving hundreds, maybe even thousands of dollars in the process sounds great, but how do you do it? If you have a good credit score, you probably get lots of offers for balance transfer credit cards – how do you know which one to choose, and what’s the next step once you’ve chosen?

Doing a balance transfer doesn’t have to be tricky, but there are some things you need to know first. This infographic breaks the process into three easy steps – first, ask questions, second, make the transfer, and third, hold on to that low interest rate! Read on to find out what questions you need to ask before accepting a balance transfer offer, how to actually make the transfer, and what to do once your new balance transfer card is active.

Infographic - Stop Paying Interest on Debt with a Balance Transfer Credit Card in Three Steps

To embed the Stop Paying Interest on Debt with a Balance Transfer Credit Card in Three Steps to your site, use the following code:

0% APR on Balance Transfer Credit Cards
Choose the best credit card for people with Excellent / Good credit
history that will help you save money on Balance Transfers.

Citi® Diamond Preferred® Card

0% Intro APR Period on Balance Transfers: 18 months26

Balance Transfer Fee: 3% ($5 min)

Annual Fee: $026

0% Intro APR on
Balance Transfers:YES

Capital One® Platinum Prestige Credit Card

0% Intro APR Period on Balance Transfers: until March 2016

Balance Transfer Fee: 3%

Annual Fee: $0

0% Intro APR on
Balance Transfers:YES

Discover it®

0% Intro APR Period on Balance Transfers: 18 months

Balance Transfer Fee: 3%±

Annual Fee: $0

0% Intro APR on
Balance Transfers:YES

Citi Simplicity® Card

0% Intro APR Period on Balance Transfers: 18 months26

Balance Transfer Fee: 3% ($5 min)

Annual Fee: $026

0% Intro APR on
Balance Transfers:YES

± Click apply for Terms & Conditions.
26 See the Citi card terms and conditions online.

Add to Favorites:

Related Research:

Balance Transfers Made Simple

By Elizabeth Nelson, Posted: October 09, 2012

Transferring an outstanding credit card balance to a new, lower-rate card is a great way to save money, but how exactly does it work? If you are thinking of transferring a balance and have questions, this guide will take you through the ... Continue reading
The Most Rewarding Balance Transfers for Travelers

By Elizabeth Nelson, Posted: February 06, 2013

If you’ve got a balance sitting on a card, why not transfer it and rake in rewards while you’re at it? These travel cards not only let you move your balance to a zero-APR introductory rate, they offer reward points good for things like ... Continue reading
Citi Platinum Select Visa Card Review Longest Intro 0% APR Ever!

By Michael Germanovsky, Posted: July 30, 2012

The Citi® Platinum Select® Visa® Card does its job well: no frills, no gimmicks, no confusing cash redemption offers or empty promises in its advertising. Quietly and succinctly, Citi Platinum Select offers the longest introductory 0% APR ... Continue reading
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.

Other Balance Transfer Cards
Research: