Tips on Balance Transfer Credit Card Application


ADVERTISING DISCLOSURE: is an independent, advertising-supported web site. receives compensation from most 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. has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » Research » Guides » Balance Transfer Cards » Tips on Balance Transfer Credit Card Application

Tips on Balance Transfer Credit Card Application

The content is accurate at the time of publication and is subject to change.

Credit cards have become an essential part of life nowadays. These have been used basically for every purchase, such as food, clothes, services, and virtually every bill we accumulate. It is widely favored by most people compared to carrying wads of cash when shopping. It eliminates the dangers of having plenty of cash in your pocket especially when traveling, as these cards are widely accepted as well. You can also keep track of your expenses, as your credit card issuer keeps records of your transactions.

Choosing the right card will help you enjoy the benefits that these little plastics can offer. Finding the right card that suits your needs would mean meticulous research and in depth investigation on the myriad of offers that you can find. There are features that can surely be maximized to one's advantage with the right information on how it works. One particular process you need to look into is your balance transfer credit card application.

This feature will allow you to transfer balance from an old account to a new one. Most companies are offering this service to promote savings on interest rates so that consumers will make the switch and do business with them instead. There are things to follow before carrying out a balance transfer credit card application.

The first thing to keep in mind is to make sure you have a good credit background before completing a balance transfer credit card application. Otherwise, the credit card issuer will not allow you to make the transfer. Second, check out the APR and other fees so you can gauge if you will be getting a good deal or not. It would be pointless if you switch to another company with rates that you cannot afford, as this defeats the purpose of saving money. Next, inspect the terms and conditions very carefully so you will not be caught off guard later on. Lastly, make sure the balance for your old account does not exceed the limit of the new card so that you can still use the card when making purchases.

Before you forge on with the application, ask the company if they can give an introductory rate and how long this rate will last. Most companies offer 0% interest rates but only for a limited time. But if the company can give at least a year of low APR if not 0%, that is already big savings on your part. You should also know what will be the regular rate after the offer expires and if there are hidden balance transfer fees that you should be aware of. Your balance transfer credit card application should be successful if you keep these things in mind.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
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:

Top 5 Secured Credit Cards: November 2020 – Experts’ Choice

Top 5 Secured Credit Cards: November 2020 – Experts’ Choice

Posted: June 22, 2020

The COVID-19 pandemic has made significant changes not only in people’s lives and their financial standing but also in the entire financial sector of the U.S. We have collected the best secured card offers from our partners so that you can… Continue reading

Top 5 Soft Pull Credit Cards: November 2020 – Experts’ Choice

Top 5 Soft Pull Credit Cards: November 2020 – Experts’ Choice

Posted: June 3, 2020

When applying for a credit card, you definitely don’t want your credit score to go down. Here, you will find the best credit cards with a soft pull from our partners. An application for such cards won’t make changes to your credit history… Continue reading

Top 5 Store Credit Cards: November 2020 – Experts’ Choice

Top 5 Store Credit Cards: November 2020 – Experts’ Choice

Posted: May 30, 2020

We evaluated store credit cards offered by our partners to find the best store credit cards. They are often loaded with perks that will allow you to save on purchases at your favorite retailer. Plus, many store credit cards are available… Continue reading

You've successfully subscribed!

Please specify the following:All these fields are optional

Your Credit History
Themes you are interested in:

By providing this information you help us make our news letters more useful and informative. Thank you!