Why A Balance Transfer With Your Credit Cards Makes Sense

Many people have made the mistake of willingly (or unwillingly) racking up hundreds, possibly thousands of dollars worth of credit card debt. Even if they decide to pay more than the minimum and snip the offending cards in half in order to curb their desire to spend, the damage has been done. The interest rates that will be applied to unpaid balances are usually sky high and the debtor, despite valiant efforts to gradually pay himself out of debt, ends up with escalating figures.

The best way to get out of debt is to simply pay off the balances of the offending credit cards in full, but unless you were born with a silver spoon in your mouth or have a million dollar trust fund at your disposal, this option would simply not work. The more plausible move would then be, to have all the outstanding balances consolidated and have this total amount transferred to a separate credit card ? just make sure that the special balance transfer rates are applied to your account.

This option may sound far out, but it is one of the best ways you can get out of debt. This happens because any outstanding balance you have on any credit card is wiped out, thus you will no longer be charged the standard interest rates. The amount that you transfer to the balance transfer card would be interest free, and the balance transfer interest fee that the new card will apply to your new account will be much lower than the usual rate, and will not be compounded.

Almost all major and minor independent credit card companies and those that are supported by banks and other financial institutions offer balance transfer programs. Apart from the significantly lower interest rates and the flexible payment terms, these credit cards further entice consumers to sign up for their program by offering other benefits, such as waived annual fee and possibly, the chance to earn rewards points when the card is used at affiliated partner establishments. If you are looking for a card company to transfer your outstanding balances to, you would need to gather as much data as you can and compare the rates side by side, so you can glean which of these services best suit your lifestyle and your finances.

If you have a lot of time on your hands, you can simply visit the banks nearest you and grab hold of their balance transfer leaflets. But if you?re on the go and have no time to sift through a lot of information, you can get the data you need by logging on to the Internet.

At present, there are several websites that give vital and relevant information to Internet users. There are sites that provide comparative data on myriads of products and services; from digital cameras, MP3 players, vacuum cleaners and even credit card facilities and promos. By visiting these sites, all the data you need will be presented in a very clear and concise way, without all the fluff and leaving you only with what is relevant.

By viewing sites such as these, you will be in a better position to evaluate the balance transfer offerings and you would be able to make a sound decision, based on facts and not on anything else.

http://www.cardratings.net/balance-transfer.htm

Balance Transfer Credit Cards: How To Benefit From a 0% Intro Rate

If you are considering combining your outstanding credit card balances into one place, you might be curious about the best way to benefit from a low introductory rate. The switch to a 0% APR card is not a difficult one, but you should have a plan in place to maximize your savings and pay down your principle debt.

Simple Steps

Even though it is a fairly easy process to consolidate into a 0% APR card, there are a few simple steps to ensure you don?t get burned in the process. First, if your goal is to make headway on your balances, find a card that has a 0% APR. Most balance transfer cards come with a 12 month 0% APR grace period. Others, instead of granting a grace period, will have one lower than average APR from the get go. The advantage to this second type of card is that you keep that low rate, whereas a typical 0% APR card will ramp up to a rate that is a little more common. The point of getting a 0% APR card is not to just give you immediate relief from interest payments. It is to give yourself an opportunity to pay down that debt without the added burden of paying the credit card executives? salaries. So, when you get this opportunity don?t fritter it away; even if you don?t pay-off your entire balance, your interest payments after the grace period will be greatly reduced if you make some progress.

Feel the Power?

?the willpower, that is. You can do wonders for your credit score and financial situation if you use your 0% APR card with discretion. However, if you make late payments, or only small payments while adding to the overall balance, then you could easily get yourself into trouble. The worst possible credit-card-induced feeling is to have a big balance creep up on you, and to realize higher interest rates are coming along for the ride. The single biggest pitfall to avoid is the temptation to sit on your 0% interest, and spend your money elsewhere. Take advantage of the opportunity and you?ll find yourself on sounder footing.

Have a Plan

The best way to go about this transition is to have a well thought out plan. You can approach this opportunity any number of ways; your personal financial situation should dictate your needs. It might sound trite, but studies show that those who formulate a well thought out plan before embarking on a new endeavor are much more likely to succeed. Sitting down and thinking about your goals, whether that be partial payment of the balance or payment in full, will help you create a more stable financial picture. You really can maximize this opportunity!

Please click here http://www.credit-card-surplus.com/balancetransfer.php to find Balance Transfer Credit Cards. Ed Vegliante runs http://www.credit-card-surplus.com , a credit card directory enabling the consumer to compare and apply for credit cards

Choosing A 0 Balance Transfer Credit Card

Many of us have been in this situation, two or three credit cards with balances and a high interest rate being charged monthly. If you can only pay the minimum due each month, you will never get ahead. The majority of your monthly payment is being eaten up by interest. There is a way out of this situation and that is with a 0 Balance Transfer Credit Card.

A 0 Balance Transfer Credit Card is an offer that gives you an introductory 0% APR, usually for the first twelve months billing cycles and allows you to transfer the balance from high interest rate credit cards to your new account. With a plan and discipline, this allows you time to pay down your principal interest free.

Like all consumer products, 0 Balance Transfer Credit Card offers are not altogether the same, so you really need to do your homework and compare the fine print of each card. You need to be certain that the card you finally decide on will give you exactly what you want and that's to pay down as much of your debt as possible during the introductory period. It?s also wise to know what the regular interest rate will be once the introductory period is over should you not be able to pay off the entire balance during the introductory time.

Some cards offer the 0% APR for balance transfers as well as new purchases and cash advances, while other issues only offer the 0% APR for the balance transfer only. Please be aware that payments are applied toward the lower interest rate balance. So if the 0% APR only includes the balance transfer and you charge on your card, any payments made will be applied toward the 0% APR balance until it is cleared.

There is a charge for transferring the balance to your new account, ranging from a minimum of $5, to a maximum of $75. This transfer fee is for each balance you move over to your new account. Review each offer carefully to see what their proposal is.

When your new 0 Balance Transfer Credit Card account is approved, you will be given a line of credit depending on your credit worthiness. You will only be allowed to transfer the balance from the higher interest accounts to within the set credit limit of your new account. Should you make a late payment or go over your line of credit, your introductory offer will be withdrawn

A 0 Balance Transfer Credit Card can be a useful tool in paying down your debt, interest free, if you have a financial plan and stick to it.

Bradley Carson is the owner of Apply Online For a Credit Card at http://www.cards-king.com, a website created to bring concise credit card information and introduce offers from premier financial institutions. See Brad's current recommendations of 0% Balance Transfer Credit Cards at http://www.cards-king.com/categories/balance_transfer_credit_cards

Credit Card Balance Transfer Offers

Indeed, credit card companies will do whatever they can to compete with each other. As one company thinks of better strategies, features, and other programs, another will conceptualize apparently better offers that greatly exceed those of its competitors.

Interest rates are the favourite points of competition of most providers. Each one has its own claim of what a better interest rate is. As soon as the enrolee has been convinced, he will then be encouraged to avail of the balance transfer offer. But are these types of offers really beneficial?

Balance transfers in credit cards happen when you transfer your bills from another credit card to another one which claims to impose lower interest rates.

However, in doing so, you must take extra precaution. While the procedure appears to be that straightforward, there are a lot of things that you have to take into consideration first.

First, you have to check if the low interest rates in the other credit card will, in fact, persist. More often than not, providers lure customers by giving a very low introductory rate. A few months after, higher rates will start to take effect.

Thus, before you decide to transfer all your balances to one credit card which apparently has lower rates, make sure you have read the fine prints in the documents being presented to you.

Oftentimes, the not-so-favourable conditions are contained in that portion of the form. Think twice before you do sign. Otherwise, you might end up paying higher than before.

If in case it was indicated early on that the low rates are, in fact, introductory and that they will increase after some time, inquire how much it will be and if it will remain to be so. When you know the exact figures, you can accurately weigh out your options.

Moreover, before closing your other credit cards and sticking to a new one, check if the low rates are for all parts of the bill. Sometimes, the low rates are only for those which are balance transferred. New purchases may have a different rate. If this is the case, you may avail of the balance transfer offer but use your previous credit cards for new purchases.

Some credit card companies also consider balance transfers as cash advances. Thus, the rates may be a lot higher. Inquire about the new credit card's classifications as well as clarify the titles of their various programs and features. One term may mean differently for two providers.

In addition, balance transfer may indeed have lower interest rates as well new purchases. Your inquiry should not end here, though.

You also have to look into the annual fees, late fees, finance charges, and other similar considerations. You may have saved a good amount by transferring your balance but you may end up paying higher fees than before. Weigh which one will be more cost-effective for you.

If in the end you have weighed your options well and decided on transferring your balance to another credit card, check with your old credit card if your balance with them has indeed been removed.

This is just to ensure that you will not be stuck paying two bills for the same purchases. Coordinate closely with your former and current provider to avoid any mix-ups.

Balance transfer offers may indeed be beneficial if reviewed carefully. You have to make sure, before making any decisions, that such is not another catchy credit card offer to guard yourself from.

Important Note:
View our recommended reference list, please visit this page: 0 Balance Transfer Credit Card Offers

Balance Transfer Credit Card Comparison and Reviews
http://reviews.ecreditdirectory.com/categories/balance_transfer_credit_cards

Successful Credit Card Balance Transfers

Credit card balance transfer is a good way of consolidating your credit card debt. It is also the best way to evade the possible problem that your debt can give. With the high demand of these credit card transfers, companies are competing with one another to get the business.

Before you go into credit card balance transfer, you must learn some pointers to be able to appreciate its function. Here is a checklist of the things you should keep in mind to enjoy the best that it can offer.

1. Carrying out your credit card balance transfers should always be on time, it should not overlap on periods from one to the next as it can bring more money charges on your account.

2. You should always make sure the availability of the zero credit card money transfer is on time. There is no use for applying for an offer after the expiration date.

3. If your credit card issues free interest rate, make sure that it is true. Read the small printings on the promo sheet to know exactly the process of their promo.

4. It is crucial to transfer a credit balance. You should transfer all the balances to normal interest card as the store cards have the tendency to have a higher APR rate.

5. A zero interest or low interest card must be easily identified. You should trust a source where you can have a comparison of two credit cards. You should choose a source that does not advertise a particular credit card; aside from the comprehensive description of comparison, the source must also help you make a good decision. You can check a financial broker for this matter.

6. Always remember the expiration date of your zero balance rate credit cards so you can apply for a new credit card balance transfer before it expires.

7. Choose a flexible and quick interest free credit card balance transfer.

You are sure to get the best credit card money transfer by following the pointer sited in this article. You also have to follow the nine steps for you to get the right procedures in money transferring.

1. Find a lender that gives free interest rate or those that have zero introductory balance transfer rate.

2. You must shop for a credit card wisely. Always be aware of all the things about your chosen credit card.

3. Once the new credit card arrives, call the one who issues the card and tell about your plan of money transferring from your previous credit card. They are the one who will arrange it for you.

4. You will be offered with many privileges you do not need, such as insurance plans. Just tell them that you do not need it now.

5. If the balanced is successfully transferred, never use your previous credit card again. Destroy the card after closing the account to avoid the temptation to use it again.

6. Remember that your new account has a zero introductory balance transfer rate, so you will need a minimum rate to repay it every month during the period.

7. Manage your debt better this time, after getting a new credit card.

You need to learn all of these to transfer successfully a balance to a new account. Make sure to follow the directions carefully for more positive results.

Morgan Hamilton offers expert advice and great tips regarding all aspects concerning Credit Cards. Get the information you are seeking now by visiting Credit Card Balance Transfers

Credit card 0% balance transfer deals: the terms maybe increasing, but so are the costs

With summer holidays looming and credit card spending on the increase, many people will be looking to reduce their repayments by utilizing one of the many 0% balance transfer credit card deals. Consumers need to check for hidden charges which have been creeping in to credit card contracts over the past few months to prevent a group of financially savvy consumers called ?rate tarts? from taking full advantage of these offers by regularly changing between card providers so that they never pay interest.


While credit card companies such as Barclaycard are gradually increasing the length of their 0% period, transfer fees are becoming progressively more common. This means that while the interest free period remains in effect, no additional interest repayments are added onto the initial balance, there is a preliminary charge made based upon the total amount transferred. Until recently the average charge was 2% of the transfer balance up to a maximum of about ?50. This however is now changing, as MBNA recently boosted its minimum charge from 2% up to 3%, along with the maximum fee for balance transfers from ?50 to ?75. Online financial comparison site, Moneynet, has warned that, where MBNA leads, rivals might well follow.


Another change to the charging structure of many credit cards includes the removal of the transfer fee cap. Capital One along with several other providers who are offering some of the longer 0% periods, have decided the best way for this service to be funded by the bank is through taking the cap off the maximum possible charge for balance transfer fees. This means that on a ?5,000 balance transfer with a 2.5% transfer fee, there would be a ?125 charge upfront for the privilege of changing to the new card, where previously the total charge may have been capped at only ?50.


Despite these changes in the terms of various balance transfer cards, it is still usually worthwhile, but the consumer needs to look closely at all the overall costs and savings which are likely to be made, and whether a different deal such as a long-term low APR card, may prove to be better in the long run.


Richard Brown, the chief executive of credit card comparison site Moneynet, warned consumers against financial complacency, ?Consumers waste millions of pounds each year by not switching. While apathy and unawareness that they could save money are factors, financial providers also make it harder than in should be.?


With the personal finance market becoming increasingly complex and confusing to the consumer, the Financial Services Authority has realized the need to help educate the nations young, and encouraged, ?firms to provide clear information so that consumers can engage with the financial services market, make informed decisions and shop around?, and requested that, ?firms to treat their customers fairly?


At the end of the day, while there is assistance available in the form of financial publications, comparison websites, and financial advisers, it is unfortunately up to the individual to seek out the most appropriate help and regularly perform their own financial reviews in order to ascertain how to build a more secure financial future for themselves and family.



Disclaimer:

All information contained in this article, is for general information purposes only and should not be construed as advice under the Financial Services Act 1986.

You are strongly advised to take appropriate professional and legal advice before entering into any binding contracts.
 

Consolidating Debt? Find the Best Balance Transfer Card

Credit cards with their schemes of deferred payment provide people with cash they did not necessarily have in their bank accounts. In a flash, we bought that sweet little dress in the shop window or the hard-to resist computer gizmo. Unfortunately, that flash did not come from a magic wand but from credit cards whose bills we ultimately had to pay for with cold hard cash. In this bleak scenario of huge debts came a temporary lifesaver called balance transfer credit cards, a card to which we can transfer our current balance. The debts of all our credit cards are combined into one debt that can be paid off with a single monthly payment with low interest rates.

Selecting the Best Balance Transfer Card

There are many balance transfer cards available in the market and since it is going to be used to settle debts, it 'pays' to read the fine print. This will help you find the best balance transfer card. Ideally, go in for a credit card that does not charge any fees for the transfer, which has 0% introductory rate and comes without annual charges at least for the first year. You can and should negotiate for the same for subsequent years as well. Generally, the card should only be used to transfer balance, while another credit card is used to make purchases. However, if you do use it for buying things, another reading of the fine print helps.

Find out if the credit card limits and the time period for making purchases. Find out if they charge high interest rates on purchases as you may just wind up with one more overdue debt. Check if the credit card offers cash-back rewards, because that can lower your purchasing cost that is useful when you are trying to control your debt.

Once you have decided, keep your options open. You can, and many do, move from one balance transfer credit card to another. This can be done when it is time to pay the annual charges or when the zero-interest introductory offer is over. This will keep both your debts and your blood pressure at a manageable level.

Zack Nelson recommends Find Credit Cards to find the best balance transfer card.

Balance Transfer Tips - Maximizing The Benefits of Transfers

While transferring your balance from a high interest credit card to one with a low interest rate is easy, there are certain things that should be taken into consideration. The first thing you want to do is look at your current credit standing. If you have a good credit history, you should have no problem getting a card that has a 0% interest rate. Once you get this card, you can transfer over your balance from the high interest credit card to your new card that has a 0% interest rate.

By doing this you can save hundreds or thousands of dollars each year. When you decide to conduct a balance transfer, it is also important to determine how much you want to transfer. If you have a balance that exceeds $10,000, it is unlikely that you will be able to move over the entire amount to one card. Many credit card companies will give you a limit on how much you can transfer. Even if this is the case, moving over as much as you can will allow you to immediately begin saving money.

Some people become discouraged when they realize they can't transfer over the entire amount, but this is not the right attitude to have. Paying off a large credit card balance won't happen in one day, and it is important to take your time and use discipline. Another thing you will want to consider is the fee that may be charged if you transfer funds. A typical fee will be 3% of the total amount transferred, and this could be a large amount depending on the amount you want to transfer. Some banks have solved this problem by placing a limit on how much they charge in order to transfer a balance.

While transferring your balances can be a smart move, the best way to avoid debt is to stay disciplined and avoid putting more money on the card. It is important for consumers to realize that they, not the credit cards, are the problem. Properly managing your personal finances is the best key to avoiding debt. Many wait until they are in excessive amounts of debt before they try to do something to correct the problem.

They come up with ingenious ways to pay off their debts, but fail to realize the underlying cause of the problem. Consumers have to realize that credit cards are tools that can help or harm them. While they are convenient to use, not using them properly can lead to severe problems.

Joe Kenny writes for Card Guide, offering the latest information on credit cards in the UK, visit them today us to apply for a balance transfer credit card and start clearing credit card debt today.

Low APR Balance Transfer Credit Cards - Help You Save Money on Interest Charges

Balance transfer credit cards help you consolidate your credit card debt into one card, which enable you to save money on interest charges. The concept is simple enough, but you need to know how to move money owed from high interest credit cards to low APR balance transfer credit cards. These credit card companies also market these as a credit card with 'zero interest on balance transfer' as well as a 'cheap balance transfers credit card.'

First, assess your current credit situation. If your credit history has a consistent pattern of timely payments, you may well qualify for any of the low APR balance transfer credit cards. Transferring all or some of your outstanding balances to this card can help you to save thousands of dollars, annually, in interest charges. With planning and exercising discipline, you can bring down your large credit card balance. You can take advantage of the low APR, and apply all the money you save on the interest to the principal.

Many low APR balance transfer credit cards offer zero interest on balance transfers for a period ranging from six months to one year. They start to charge interest after the expiry of this period. It is imperative that you find out what interest they will be charging at that time. As of September 2005, most credit card companies typically charge APR of 10.24%, and this increases dramatically if you default on any agreement with your credit card company. You need to shop around to ensure that your cheap balance transfer credit card do not turn out to be expensive.

Many credit card companies offer zero interest on balance transfer, but charge a processing or a transaction fee. This could be as high as 4% of the balance being transferred. Look out for companies that charge a flat fee irrespective of the balance you transfer. Many companies charge a flat rate of $50 to $75 as processing or transaction fee.

Low APR balance transfer credit cards seem very attractive, but you need to look into some hype:

- Check the period of the low APR on balance. - Check the rate after this period expires. - Is there any balance-transfer fee? A flat 4% transaction fee means the higher balance you have the higher fee you pay. Look for companies charging a flat amount.

Balance transfer credit cards are indeed one of the best ways for you to slowly eliminate credit card debts due to high interest. The rest will be up to your discipline to wisely spend money on credit cards.

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How to Compare Balance Transfer Card Offers

The term 'outstanding balance' refers to the amount you have charged to your credit card which you have yet to pay for. As credit card interests are high, one of the ways to avoid paying for these high interests is to transfer your credits to a balance transfer credit card which offers a 0% introductory APR. This allows the user to transfer the balance over to the new card and save on the interest rates or even to acquire a cash advance to clear off all outstanding debt within the 0% APR period. However, when making a comparison on the right balance transfer card, it's best to evaluate the following elements before making a decision.

0% Annual Percentage Rate (APR)

A 0% Annual Percentage Rate means that you are not charged any interest on your credit card balance for a limited period. 0% APR cards are best used for consumers with huge debt amounts that they want to clear within a certain timeframe. For instance, if they expect to clear their outstanding balances within the next 9 months, they should definitely opt for a balance transfer card with a 0% APR for a minimum period of 9 months. However, they need to be disciplined in carrying out their plan as these cards hike up their interest rates within the blink of an eye once the 0% APR introductory period finishes.

Credit history check

Certain balance transfer cards require applicants to possess a good credit history before their applications can be approved. These cards best suit disciplined card users who intend to reduce the interest rates of their outstanding balances. Being money-smart consumers, they are not in the habit of utilizing balance transfer cards to consolidate their debt, but rather to exploit other attractive credit card perks that these cards may offer.

Cash advance

Another way to clear debt is to obtain a cash advance on your balance transfer card. However, you may want to keep in mind that the amount is usually inadequate for you to clear all of your standing balance at one go. Plus, there is a chargeable fee which is usually about 3% on top of the amount of money you transfer out of your account. Nevertheless, this rate may vary according to the market forces that drive the credit card industry.

Adam Goldman recommends Find Credit Cards to compare balance transfer card offers.

Balance Transfer Credit Cards - Zero Percent Cards With Rewards

Some of the very best balance transfer cards are available online. Here you will find a plethora of information that will connect you to loaners and credit cards. Most sites supply data that will cover all particulars relating to credit cards, including APR, introductory, fraud protection, balance transfers, rewards, and more.

The lender offers 0 percent introductory up to one year on purchases and balance transfers. This is an enormous advantage since most lenders will offer the 0 percent introductory on balance transfers only. The card is a benefit for those wanting a low ongoing APR. Another significant advantage of this card is you will not pay fees on balances transferred during the introductory period.

Fraud Protection This card has the crucial added benefit of fraud protection. In the last few years, millions of people suffered from identity theft. The card also includes online instant approval; however, you must have very good credit to apply. You will receive travel and accident coverage as well as protection on car rentals. The drawback is this card does not offer new card services.

Consider the following: 1) Fraud protection: What does it mean to you to have security, knowing your identity is protected? 2) Are rewards more important than identity protection? 3) Travel accident coverage: this benefit in itself is a great reward that will cover any points lost from not having the benefits of a rewards program. 4) Protection on car rentals: this is an insurance coverage, if you travel often-using car rentals.

The Citi Diamond Preferred is one of the many credit cards available. This card offers expires randomly, however sometimes the issuers will offer a 0% introductory APR up to 12 months on balance transfers. Unfortunately, some offers will not include 0% on purchases, or cash advances. This card however, comes with a rewards program where you will earn points redeemable on a variety of services and/or products. This will comprise travel, restaurant points, products and more. There's no annual fee on this card and there are no fees on balance transfers, another great feature, since most charges on balance transfers are about 3 percent or 4 percent. If you are searching for a credit card take time to apply while the offers last!

For more information on the benefits of balance transfer credit cards, Bert Wills recommends that you visit CreditCardAssist.com.

Balance Transfers Credit Card "Primer"

Credit card features are composed of the APR (annual percentage rates), balance transfer fees, interest rates, late fees, and so forth. The APR is a primary feature to reflect on while searching for balance transfer cards. Credit card companies are competitors; therefore, the companies will strive to offer special deals on credit cards. Some of the deals include 0% introductory rates and low interest rates, particularly for balance transfers. In your search for the best balance transfer credit cards, be sure to take maximize the advantage of the offer by using the card strictly for balance transfers. If you use the cards to make purchases, please keep in mind that the credit card issuers profit from the corresponding financial charges that you might incur while using this type of card.

Introductory Periods

For a few of the balance transfer cards, lenders will add zero percentage introductory rates for up to 15 months. Some credit card lenders will determine the zero introductory rates from your credit rating. If you have six months, one year, or 15 months of 0% on your balance transfers be sure to pay off the debts before the date expires.

Balance Transfer Fees

Balance transfer fees consist of a percentage of the full amount that is financed and transferred to the card. The fees typically average around 3 percent of the amount transferred. The purpose of comparing cards is primarily due to the fact that some credit card lenders will essentially surrender the normal fees during the introductory trial.

Transferring the Balance on Credit Card Dates

Very few of the available balance transfer credit card offers will not require a transfer fee. The balance transfer credit cards that provide the most benefits are those cards that enable you to complete balance transfers during the entire introductory period. The cards that require you to start balance transferring upon receipt of the card do not allow the flexibility that the latter card allows. Be sure to read the terms and conditions, since you can look for clauses, stipulations and/or restrictions on balance transfers. The most important thing to consider is understanding, the types of balances transferable, before accepting the card.

The balance transfer credit cards nowadays have select programs that offer rewards. Comparing the cards will help you find the better cards that suit your needs. Look through the clauses when considering rewards balance transfer cards, since some card lenders will not apply the points to the balances transferred. Still, this could be the better choice!

For more information on balance transfer credit card basics, Bert Wills recommends that you visit CreditCardAssist.com.

Best Balance Transfer Credit Cards - Helping You Avoid Paying Interest

While considering balance transfer credit cards you must consider and understand that the expiration dates on balances that are transferred. You must also understand the APR and what fees you will pay after the introductory trial has ended. Ask the card lenders if the introductory rates will apply to the first transfer, or if the rates will only apply to balance transfers made throughout the introductory trial. You might also ask if the introductory rates are applied to balance transfers as well as purchases. It is also important that you understand the annual fee structure. Likewise, it is essential to know whether an annual fee will apply to the introductory period. Ask if the cards have any applicable fees on transactions.

Transfer Fees Asking questions upfront will help you to avoid pricey fees on balance transfers. Most balance transfer fees are around 3 percent; however, some lenders will charge 4 percent. Due to competition, credit card lenders' are working effortlessly to bring in new clients. Therefore, teaser ads are put up on the Internet to bring in new clientele. While the slicks claim that if you have good enough credit, you can take advantage of the low interest rates and 0 percent introductory rates, not everyone has the applicable credit that lenders will require.

Cash Back Rewards

A few of the cards, including the Chase Cash Plus Rewards Visa offer 5 percent cash back on any purchases made at grocery stores, drugstores, or gas stations for a limited time. Often the card lenders have stipulations though, i.e. only purchases at selected stores are applicable, which means if you do not shop at the store (s) stipulated in the agreement, you will not receive rewards. This card also offers an additional 1 percent cash back on all other purchases made. There are no annual fees, and there is a 0 percent introductory APR for up to 12 months on balance transfers and purchases.

Some of the balance transfer credit cards offered online include the Citi? Platinum Select. Some of these cards offer a 0% APR for up to one year on both purchases and balance transfers. However, the offers will expire; therefore taking advantage of the offers now can save you money. Many of the cards will extend an comparably low ongoing APR once the introductory trial has ended too. A few of the cards will offer advantages that the other card offers may not, like a free onlin, secured account management reports. So be on the lookout for these special features.

Features and Offers

If you're looking for security in balance transfer credit cards, consider the Blue card from American Express. With this card you get a 0 percent introductory APR up to 15 months and low rates thereafter. Still, the offers won't last long, thus taking advantage of the deals when spotted is in your best interest. There are no annual fees and it has a Smart Chip built-in, which provides security while shopping online, or viewing your online reports. Smart Chip is becoming one of the largest schemes for security, which is currently available throughout in the United Kingdom and will soon be available in the US. This card offers a free rewards program, but you must have excellent credit to get approved for the card.

For more information on finding the best balance transfer credit cards to help you avoid paying interest charges, Bert Wills recommends that you visit CreditCardAssist.com.

5 tips on find the best balance transfer credit cards

The balance transfer credit card can help you save money if you have an outstanding payment to make on one or more high interest credit cards. You can use the balance transfer feature to transfer you balance from your high interest credit card to the credit card with the lower rate of interest. Accordingly, you pay less on the balance transfer credit and save money.

These low interest credit cards or balance transfer credit cards have an introductory period, which can generally last for six months or a year. The interest rate that you pay in the introductory period is either zero or negligible. Since the interest rate is low or zero, you can make your credit card payments on the principal amount a whole lot faster. You get a regular APR on the card after the introductory period is over.

Here is a look on the 5 tips on find the best balance transfer credit cards:

1. Check how long the introductory period lasts. Though it is normally a year, it is not obligatory. Sometime you can have a free promotional period for 18 months or sometimes you can have a negligible interest rate for the life of the balance. You have to check how high will be the APR charged after the promotional period is over. Will the interest rate rise by a few percentage points or is the increase going to be drastic? Though some credit card companies will sugar-coat the entire thing about the rise in interest rate, you have to proactively ask them or at best, read the credit card fine print or the documentation in its entirety.

2. When you are looking for the balance transfer credit card, go through the terms and conditions for payments. Is there any annual fee for the card? What are the late fees and over the limit fees? How are you going to be penalized for defaulting on the payments? Do you stand to lose the introductory APR if you default? Some credit card companies automatically increase the APR, and keep it higher than normal, after the promotional period, if you do not make prompt payments.

3. Most balance transfer credit companies readily offer the facility to transfer larger balances to people who have a good credit history. The ones who do not have a good credit history may not be able to avail the benefit to transfer a large balance. It is important to make it clear with the balance transfer credit card company about the maximum amount that is allowed to be transferred.

4. Check if there are fees for balance transfer. If you are transferring a huge amount, the balance transfer fees can really be on the higher side. Stay away from such murky offers because ultimately there is not much sense if you are paying more for the transfer of the money to be saved.

5. You may get a zero percent or a negligible interest rate from the balance transfer credit card but there can be a catch to it. As per there 'terms and conditions', you may not be able to make a credit purchase on your card for a certain period. Alternatively, you may be offered a promotion to buy something within a certain period. Ask the balance transfer Credit Card Company about what kind of purchases you can make during the promotional period of 0% or low APR. There are some balance transfers credit cards, which offer you cash back for any new purchases on the card. You however do not get cash back on balance transfers. The cash back offer is a good thing if you hope to use the balance transfer credit card for a longer period of time.

Daniel Cohen recommends Find Credit Cards for comparing the best balance transfer credit cards

The Best Balance Transfer Credit Cards

What is the concept of a balance transfer credit card? To put it simply, making 0% interest balance transfers from one credit card to another is a great way of answering the age-old conundrum: how to have your cake and eat it too. You have nothing to lose -- but to gain you have a bundle of money that could have disappeared while you paid high interests on purchases and loans you've made on your current credit card(s). Sounds like an interesting proposition? It most certainly is! Balance transfer credit cards are there to save you in the hour of need. And then there are the best balance transfer cards. We call them best for a reason; flat zero percent interest rate being one of them.

The Basic Advantage of Balance Transfer Credit Cards

However, good things generally don't last for too long in this world, and 0% interest rate offers on balance transfers would usually be valid only for short periods like three or six months, after which, normal credit card interest rates kick in. Still, that is plenty of time to relax and breathe free! Not all credit cards have this zero percent interest-rate facility though; what most cards do offer is a significantly reduced rate of interest on balance transfers. Either way, a bargain is a bargain and we the consumers end up saving a little more than a paltry sum!

Cool Features of Balance Transfer Credit Cards

Furthermore, balance transfers need not only be made from one credit card to another, the best balance transfer credit cards can be used to pay off most types of financial debts. The bottom line is: you stand to gain from a balance transfer credit card whichever way you look. So look around for some good balance transfer offers on regular credit cards or for an exclusive balance transfer credit card, and go for one that seems to be the most suited for your needs. Also remember that the best balance transfer credit cards have attractive reward schemes to motivate you - their customer - to use their cards to the maximum capacity!

The Rationale behind Balance Transfers

Often credit card companies are detested by people for their seemingly exorbitant rates of interests. They are portrayed as financial leeches that suck the blood off us common folks at the least opportunity. That may or may not be true since all lending banks and credit card companies come under strict federal regulation and supervision. However, it is time we get back at them and rip them off left right and around, out of pure spite! What say?

Many smart people in fact come close to doing so by routinely getting new balance transfer credit cards that usually have a promo offer of a zero percent interest rate for the first year or so, and then they rotate the outstanding amount from one card to another ad indefinitum. Pretty neat! It may even look like a little con trick but it is perfectly legal and could be the most logical thing to do for any person trying to make ends meet. Aren't we all, by the way? In this turbulent chaotic world, most of us are constantly grappling with a makeshift existence, and it makes sense that we shift our debt from one point to another if in the process we also happen to save plenty of dollars!

Choose Your Balance Transfer Credit Card

So what are you waiting for then? Do your balance transfer now! Oh sorry, not right away, because you need to do some research and shopping around first. Although you may be rest assured that there is, by and large, no deviousness involved in the offer of zero percent or marginal interest rate balance transfer, you have to be alert while ordering a balance transfer to an existing card or while picking up your new balance transfer credit card from among a plethora of names and choices available.

To begin with, you may have spent irrationally on your credit card, but that is not the point; at least now you can make a very rational choice by carefully assessing and comparing the balance transfer credit cards available. The keyword is "best," for nothing less will do!

Basically you have three criteria to take into consideration here, namely, the annual fee of the card, the transfer fee, and the rate of interest. The best balance transfer credit cards will as zero all these with a few additional features and incentives to boot! If you find any such, make merry! If you don't, make an apparent compromise and go for the second best, but still second to none, and therefore still the best! Transfer your balance, gulp down a cake and take ample rest.

Bert Wills recommends that you visit CreditCardAssist.com to find out more about the best balance transfer credit cards.

Balance Transfer Credit Card Facts and Myths

There are a number of balance transfer credit card facts and myths that are important to be cleared up. Understanding these facts and myths will help you to better keep your finances under control.

Myth: I can get arrested for continually transferring my credit card balances.

Legally, you can transfer your credit card balances as often as you want. So long as you are making your payments and not attempting to defraud your lender, the law does not concern itself with how you choose to handle you finances. It is, however, a bad practice to continually move your balance transfer credit card to another. This is because, in order to do this, you need to open up several credit card accounts. When it comes to your credit rating, having a large number of open accounts can lead to a bad credit rating.

Credit cards utilize what is known as "revolving credit." This credit is different from something such as a car payment, which is paid back in installments. Too much available revolving credit puts you in the high-risk category. The basic thought process behind this is that it would be too easy for you to acquire a great deal of revolving credit, use it all up, and then default on your payments. Therefore, using balance transfer credit cards to consolidate bills one time is a good idea, but it shouldn't be a routine practice.

Myth: The best balance transfer credit cards have a 0.00% APR.

While it is true that the best balance transfer credit cards should offer a 0.00% APR, there are more factors to consider when choosing the best card. For starters, you need to learn more about this special APR. Do you need to complete the balance transfer at the time of application in order to qualify for the 0.00% APR, or do you have a window of time during which you make transfers? Does the 0.00% APR last for the lifetime of the balance transfer, or will it rise to an above average APR within a few months? Does the balance transfer credit card offer other benefits, such as travel insurance and fraud protection? Does the card offer a low APR for purchases, as well, or is it best to use the balance transfer credit card only for transfers?

Myth: Balance transfer credit cards are the key to getting out of debt.

While balance transfer credit cards can assist you in taking control of your debt, they should not be considered your primary means of getting out of debt. Instead, you should look at the balance transfer credit card as one tool in your tool belt of obtaining financial freedom. You can consolidate all of your higher interest rate credit cards onto one balance transfer credit card, thereby paying less in finance charges. It also makes it easier for you to keep track of your debts and your bills because all of your payments will be made to just one credit card. Nonetheless, it takes responsibility, diligence, and proper planning to get out of debt - not just getting a balance transfer credit card.

Myth: Balance transfer credit cards are hard to find.

Many people mistakenly believe it is difficult to find a great balance transfer credit card, but this is not true. Many credit card companies offer special introductory rates in order to entice people to apply to their card. After all, the more money you transfer to their card, the more money they can potentially make on the finance charges you have to pay. In fact, you might even be able to make a card you currently have into a balance transfer credit card by calling the credit card company and asking them if they would be willing to give you a special deal. Many companies will waive fees and lower interest rates to keep you with them.

For more information on balance transfer credit card facts and myths, Bert Wills recommends that you visit CreditCardAssist.com.

0% on a Balance Transfers Will Not Last Forever

Have you ever been attracted to a credit card because it promises you an outstanding interest rate that seems just too good to be true? Most of us have at some stage jumped for one of these attractive offers. There are a growing number of credit card providers out there that will offer you 0% deals on either balance transfers or purchases, and sometimes they just seem too good to resist.

Particularly if you have a large outstanding credit card balance that you are currently paying a lot of interest on, these offers will be very tempting. In fact, many 0% balance transfer offers will save you hundreds of pounds on interest that you would otherwise have had to pay on your credit card balance. But no matter how attractive such offers may appear at the time, you should only ever take on another credit card if you have taken the time to review your finances and are satisfied that it is the right financial move for you at this time.

To look at a typical example, suppose you have one thousand pounds outstanding on a credit card that charges 10% APR. This means that over the course of a year, this balance will cost you 100 pounds in interest charges. Now suppose you find a credit card that offers you 0% on balance transfers for six months. Well it is pretty obvious that 0% is better than 10 and if you were to take up this offer, assuming there are no balance transfer fees, then how much will you have saved over the six month interest free period? The answer is 50 pounds. However, what will the interest rate revert to once the interest free period has come to an end? This is something you should be thinking about before you opt for the credit card, and not when the interest free period is about to expire and everything is more urgent. Suppose, for the sake of our example that the interest rate reverts to a rate of 25%. This means that over the next six months you will pay ?125 in interest.

While this is a very simple example, it illustrates an important point when it comes to 0% balance transfers. In the example above if the customer had stayed with his 10% card, he would have paid ?100 in interest over a 12 month period. In the same period, by opting for a 0% balance transfer for six months that then reverted to 25%, he ended up paying ?125.

The point to remember is that just because a credit card offers you 0% does not mean it is the best deal out there. Look at the long term rates that the card will offer you, and compare these to the rates you are already getting from your credit card. If your existing rate is better than the rates that you will get from the new card once the introductory offer expires, then maybe you should remain loyal to the card you have.

So while this is going on you will not be spending on the new credit card, but you will be safe in the knowledge that you are saving the interest payments on the old debt.

Peter Kenny is a writer for creditcards-gb
For additional articles and an extensive resource for everything about credit cards, please visit us at http://www.creditcards-gb.co.ukand http://www.creditcards2go4.com

Evaluating a Balance Transfer Credit Card Offer

When you are going to start looking at transferring credit card balances you are going to want to look closely at those offers before you take a leap forward with the transfers from your credit card.

You are going to want to check to see how long the low introduction rate is on balance transfers. There are going to be some cards that the lower rate is only going to last a couple of months. You are even going to want to check to see if they are going to charge you a higher interest rate if you are late for a payment. Some will consider that if you are even one day past your due date you are late. There are some of the credit card companies out there that are going to charge you a transfer fee when you are planning on doing a balance transfer.

A couple of other things to look out for are the cards that say that you are pre-approved for their card. There are many times that you are going to receive the letter saying that you are guaranteed the credit card until you apply for it then they see that you may not have the perfect credit for their credit card and deny you the card. If they do send you a credit card, you may see that you are receiving a higher interest rate than what you were planning on receiving.

You are going to want to read the fine print when it comes to the annual fee as well. There may be times that they are going end up charging you an annual fee after the first year that you are with them.

When you are planning on transferring credit card balances you are going to want to make sure that you are reading all of the terms that the credit card has to offer. In addition, make sure that you take time and read the fine print as well so you know what to expect when the introductory period is up.

Rachel Nava recommends Find Credit Cards to help you find a balance transfer credit card offer.

Credit Card Balance Transfers - 0% Introductory Offers

Balance transfers have grown in popularity and importance ever since lenders have started using zero per cent interest rates on balance transfers to lure consumers from other companies to their own.

Introductory Offers

These 0% balance transfer offers give the customer a very low, or zero per cent interest rate on any sum transferred from another credit card, over to them. If you are considering a balance transfer then there are two figures you should be aware of. The first is the APR on the balance transfer, or the balance transfer rate. This will tell you the interest that will be charged on the sum transferred and will generally be very low, or free.

Rate Tarts

In fact these introductory balance transfer offers are what caused the introduction a generation of ?rate tarts?. Basically a rate tart is someone who will search for a 0% balance transfer deal over and over again to save money on interest repayments. They will keep transferring balances and keep the cash they have saved in high interest bearing accounts. In a strange sort of way they actually use the banks? money to earn money from them, just what the banks have been doing to customers for years, earning money from their customers? savings. However, the banks do not like the rate tarts at all and have declared war. The first step, and a very powerful one was the introduction of the balance transfer charge.

Balance Transfer Charge

The other figure you should pay attention to is the balance transfer charge. While you may be charged nothing on the balance once it is on the new card, you may be charged a fee to get it there. This is usually pretty low, about two to three per cent, but you should be aware of it, and only pay it if you have to, and if you genuinely are going to make use of the low balance transfer rate.

Length of Introductory Offer

Another figure that will be of interest when shopping for a good balance transfer deal will be the length of time that the balance transfer rate lasts. It may be six or nine months, and most cards are generally about this period, but make sure you check, as if one card offers you twelve months at one per cent, and another six months at zero per cent, the twelve month card may be more suitable, depending on your circumstances, than the six month card, even though this card has a slightly lower rate.

Get The Best Balance Transfer Deal Available

If you are looking for a good balance transfer deal, then the most important thing to do, is make sure that you shop around and give yourself every opportunity to find the best deal that is available to you. Today, using the Internet, it is easier than ever to search among a huge range of credit card providers and find out exactly what each one is offering.

Only be doing a little home work and shopping around will you be giving yourself the best chance to find the card offers you the best deals. And with offers varying buy such large amounts from lender to lender, and given the amount that people pay on credit card payments, it is vital that you give yourself every opportunity to find the best deals available.

You may freely reprint this article as long as the author bio and live links are left intact.

For more information on credit cards, visit the comparison site http://www.CardGuide.co.uk for some credit card money making advice.

Balance Transfer Cards - An Introduction

Most credit cards offer the balance transfer facility. Balance transfer implies transferring the outstanding or balance amount payable on one credit card to another credit card with a lower interest rate. Before you go ahead and opt for a new credit card, solely because of the balance transfer facility, keep the following pointers in mind.
<li>Low introductory rates on credit cards last anywhere between 6-12 months. Most of the major credit card companies have zero percent rates on balance transfers. However, one late payment is all the invitation your credit card company needs to increase the interest rates.
<li>Some low-rate cards levy a transaction fee, to avail of the balance transfer facility. Run in the opposite direction (without the credit card being offered) when you hear of a transaction fee.
<li>Ensure that your old credit card company has sent you a billing statement which states that you have cleared your outstanding balance. Make sure this tallies with the billing statement issued by your new credit card company, which confirms all the balance has indeed been transferred. Only then should you close your old credit line.
<li>Keep making minimum payments on your old card, while availing of the balance transfer facility, which may take anywhere between 2-4 weeks. Do not make the mistake of not closing the credit line on your old card. You might succumb to the temptation of charging credit to your old card and will soon be left with 2 cards and very high debt.
<li>Ensure that the rock bottom rate being offered is applicable to you also. Offers may boast of rock bottom rates, which shoot up by a large margin after an introductory period. You could qualify for a 5 percent initial rate which increases to 20% after 6 months. Some one else might qualify for a 4 percent initial rate that increases to 15 percent after 8 months. Drive a hard bargain for the best rate.

Other Balance transfer credit card features include:
<li>APR rate ranging between 9 - 11 % <li>Typically 3 other interest rates offered (Introductory, Monthly, and Annual). The Introductory rate is usually 0%, the monthly rate varies between 0. - 1.5 % percent, and the annual rate varies between 9-11%. <li>Minimum and Maximum credit limit <li>Cover against online fraud when purchasing on the Internet <li>Card replacement in case of loss <li>Customer service support 24/7/365.

Inspite of the host of credit card related features on offer, the best protection against getting sucked into the whirlpool of credit card debt is to reform your spending habits. Make a keen distinction between needs and wants before your next purchase.

Visit Smallbusiness-creditcard.com to get more information on credit cards and to compare features of balance transfer cards

Smallbusiness-creditcard.com, features credit cards from major card companies. Read our articles to familiarize yourself with credit card terms and compare various credit cards including balance transfer credit cards before you apply for one.