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Here you can ask or find questions about balance transfers. All questions about balance transfer credit cards, intro APR, balance transfer fees and other related questions are gathered here at your convenience. Or feel free to address your question to out experts.
You should consider a balance transfer to a new credit card. These cards have an introductory period, up to 18 months, during which you don’t pay any interest on balance transfers, purchases or both. You can transfer the balance from your high interest credit card and pay it off during the zero interest… Continue reading
Yes, you should be able to transfer all of your balances to almost any credit card that offers a balance transfer feature. But you cannot transfer to the same bank or issuer. So look for a bank you don’t already have a balance with. Make sure the overall balance you are going to transfer does… Continue reading
It seems that you want to transfer all your existing balances onto one credit card and close your old credit cards… Well it is good that you want to get rid of your debt but closing your old accounts may hurt your credit score. So think properly before doing it. Anyway, the best way to […] Continue reading
Paying a balance transfer fee might seem unnecessary or even like a rip-off, so I understand your concern, but if you take a moment to do the math, the answer will become clear. At three percent, which is the typical fee, by the way, the fee to transfer your $5,000 balance will be $150. Now, […] Continue reading
Life these days demands that each individual own at least one credit card for ease of financial transactions. Credit cards offer benefits of convenience, safety, time-efficiency and reliability. No wonder all kinds of retail stores, malls and shops accept them readily and to serve this growing credit… Continue reading
The main incentive that a 0% balance transfer credit card offers is that your balance won’t accrue any interest for a specified period of time, allowing all of the payments you make during that time to be put entirely towards the elimination of your debt. This promotional introductory period can last… Continue reading
First off, you should understand that canceling a card won’t do anything to help improve your credit score. In fact, it may even hurt it instead. Because an important component in determining an individual’s credit score is their debt to available credit ratio, canceling a card can lower the amount of… Continue reading
When you are first starting to embrace credit cards, balance transfers can come as something of a shock. There’s no reason to be fearful of the term, all it means is that you are able to take the balance from an existing credit card (let’s call it Card A) onto a new account (Card B). […] Continue reading
Transferring balances from one credit card to another is known as balance transfer and this is done when there are dues or outstanding balances on the existing card. Balance transfers are normally done from high APR cards to 0% APR cards. There are a number of banks that offer these zero balance… Continue reading
Most of us use credit cards and it has become a way of life. So, it has become inevitable for card issuers to add new features to make the cards sound more user-friendly. Credit cards come with a lot of features and consumers are constantly looking forward to availing benefits out of their cards. One… Continue reading
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