Balance Transfer Credit Card

Written by Jessica Duquette
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Have your balances on your current credit cards become too cumbersome for your budget? By transferring your balances to a new credit card company you can buy yourself a little time to regroup and start paying off the actual balance, not just the interest. A balance transfer credit card may be a wise decision for you.

Ask Questions

Before you decide on your new credit card, find out the process for balance transfers. How much do you have to transfer in order to be eligible for the lowest APR? How long does that APR last before it is subject to increases?

A balance transfer credit card will alleviate high interest charges on your current credit cards. This will save you a significant amount of money and also start making a dent in your current balance. You may be paying $150 a month toward your old card, but if $100 of that is interest, it will take you years to pay the entire card off.

Don't Wait Years

By finding a balance transfer credit card you will instantly begin to feel better about your financial situation. Paying interest only on credit cards can become discouraging. Don't settle for the high interest rates of your current card, there is something better out there for you. You just need to find it.


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