Credit Card Balance Transfers

There are a number of credit cards one might like to try: Platinum card, Platinum gas card, The Miles card, Student card, Gold card and such others. Credit card balance transfers are a way for most of the cardholders to make a consolidation of debts in no time at all. This also provides the cardholder to turn a number of bills into one affordable easy payment.

All the major credit card companies allow the card holder to make a balance transfer from various cards. These include all the major credit cards, specialty cards (cards for department stores, gas companies, and many others), small loans (school loans, auto loans, loans for home improvement), cards meant for household accounts like bill accounts of electric, medical, phone and gas.

Balance transfer allows these banks to open a new account for the particular card holder or the account holder by the virtue of which his or her older account details will be shifted to the new account of the card holder. Therefore, the bottom line is that by the process of credit card balance transfer there is a mutual monitory advantage for the banks and the cardholder as well, although there are exceptions.

Transfer of balance of a credit card to a significantly low rate in the introductory stage might raise some questions. One should be careful about the following points, or the cardholder might end up paying money at a very high interest rate. The time period of the introductory rate of interest, the annual percentage rate of the card once the expiry of the teaser rate has taken place, and whether there is any involvement of money in the shape of any service charge or fees in the process of balance of transfers.
Credit Card Balance Transfers provides detailed information on Balance Transfers, Credit Card Balance Transfers, Card Credit Interest Balance Transfers, Interest Free Balance Transfers and more. Credit Card Balance Transfers is affiliated with Guaranteed UK Credit Cards.