Having a credit card is convenient especially for cashless payments. However, some people are addicted to using the plastic which leads to debt and unwanted charges. Now, there are companies that offer credit balance transfer programs.
Not all of credit card holders are qualified. But you can still apply for a balance transfer for credit card if you have a good credit standing.
Not all of credit card holders are qualified. But you can still apply for a balance transfer for credit card if you have a good credit standing.
Credit card balance transfer offers are very simple to understand. This means another credit card company will pay for your credit card debt in exchange of having an account with them. You will then pay installment plans to the new credit company at lower interest rates. Of course, credit balance transfer interest rate is lower than your previous credit card. However, the time of payment is longer.
Some company will offer credit balance transfer rate of less than 0.79%. This is ideal instead of paying for your credit card bill of 3.50% per month. If you cannot do debt reduction, then this balance transfer fee is ideal.
Here are some tips when searching for the best credit card balance transfer offers:
As much as possible, look for a no balance transfer fee credit card
Apply only if you can no longer do debt elimination strategies from your current credit card
0 APR balance transfer is ideal
Make sure the balance transfer company offer comes from a good company.
Credit card balance transfer is popular in Australia and UK.
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