Free Articles  >>  Business And Finance >>  Page 3330  >> 

How to Find the Best Balance Transfer Credit Cards

You have a high balance at a high rate and you absolutely must find the best balance transfer credit cards out there so you don't suddenly drown in your debt. Hold your horses my friend. Jumping into the wrong balance transfer is going to cost you in the long run. There are a few things you need to keep in mind.

Teaser Trouble

First and foremost, you have to understand the basics of teaser rates before you can even hope to find the best balance transfer credit cards and filter them from the bad ones. A 0% credit card may seem like a great transfer option, until you learn that the 0% rate jumps to 20% or even 30% after six months. Suddenly you're not feeling too perky, are ya?

Remember, just because a card has a blazing 0% sprawled across the front of its advertising doesn't mean it's one of the best balance transfer credit cards available. All it means is that the company is temporarily charging 0% and they're good at marketing. It's your job to find out what that rate goes up to after the intro period is over.

Rewards Are Not the Prize

When looking for the best balance transfer credit cards, don't start looking for great rewards. Instead, you need to be looking for the lowest interest rates you can find. Rock-bottom interest rates and top-notch perks don't usually go hand in hand. If you want to pay your balance off as quickly as possible, it means foregoing some perks to get a lower monthly finance charge.

Don't Use It

Once you start paying that balance down, don't be tempted to charge to the card. The idea behind finding the best balance transfer credit cards is to get out of debt. If you start racking up more charges, that's not going to happen.

I don't care how cute the purse was or how bad you needed a latte, don't charge to the card. Do yourself a favor. Put the actual card through a shredder as soon as it arrives and pay off your existing balance as quickly as you can.

Keep on Top of It

Of course, the most important factor when transferring a balance to one of the best balance transfer credit cards is paying that bill on time each and every month. Otherwise, you might end up with a default rate and penalties that are far from ideal.

About Author Sean Masterson :

For more tips on the best balance transfer credit cards, saving money and avoiding getting taken, check out, a website that specializes in providing credit card tips, advice and resources. <a href="" target="_blank"></a>

Article Source:
Article Url:

Article Added on Sunday, April 19, 2009
Other Articles by Sean Masterson

3 Steps to Finding the Best Balance Transfer Credit Cards
Looking for the best balance transfer credit cards? You're definitely not alone in your endeavors. Millions of consumers carry credit card debt, and they often turn to low-interest balance transfers to help alleviate the toll on the monthly budget. The problem is, not all of these cards are created equal. How do you find the best ones? Here are three easy steps to follow... 1. Do Your Homework First things first -- you need to do your homework. Find out which balance transfer credit cards...

Are You Guilty of Credit Card Abuse
? Credit card abuse isn't something to be taken lightly. It's put more than a few families into financial ruin. The scary thing is, many people don't even realize they're abusing their cards until it's too late. If you think you may be one of them, here are a few things to consider... What's Your Balance Doing? What exactly is your credit card balance doing each month? If it's going up, you're most likely guilty of credit card abuse. If, on the other hand, it's going down (or better yet, you...

3 Things The Best Business Credit Cards Have in Common
Looking for the best business credit cards? You're not alone. Millions of business owners want to carry the best cards, but don't know where to look or how to find them. Fortunately, there are a few pointers that can get you on the right track. When looking for the best credit cards for your business, keep a lookout for these three things that all great business credit cards have in common. 1. A Low APR Don't ever sign up for a card with an interest rate of 20 percent or more, no matter how...

Is There Really Such A Thing as Free Student Credit Cards
? There are quite a few people looking for free student credit cards. The question is, do they really exist? The answer to that question is both a yes and a no. Understanding that answer is a matter of understanding the following student credit card fundamentals. No Free Ride First and foremost, understand that you are going to pay something for a credit card at some point in time if you carry a balance on it. If you don't pay your credit cards in full each month, finance charges will apply....

3 Things All of The Best Credit Cards Have In Common
The best credit cards aren't always easy to come by, especially when the bad ones try to disguise themselves so well. Before you jump into any credit card agreement, make sure the card you're applying for is really one of the good ones. Here are three things all of the best credit cards have in common. 1. No Minimum Monthly Fees A credit card can have the lowest annual interest rate in the world but if you're charged minimum monthly finance charges at the end of the month it may not be worth...

Gas Credit Cards 3 Things You Thought You Knew
If you think you know everything there is to know about gas credit cards, you may want to think twice. The gas cards of today are nothing like the gas cards of yesteryear, and people who don't see that don't know what they're missing out on. Before you go falling for the common myths surrounding these cards, here are a few facts to consider... Myth #1: They're Not For The Credit Challenged Remember when gas credit cards were primarily for those with credit challenges? Those days are long...

What You Need to Know Before You Apply for Secured Credit Cards
If you've been facing credit challenges and haven't been able to obtain credit, you may be getting ready to apply for secured credit cards. Before you do, you need to realize that not all secured cards are created equal. Here are some things to consider before submitting any secured credit card application... The Deposit When you apply for secured credit cards, make sure the cards you're applying for offer reasonable security deposit requirements and that they allot 100% of that deposit to...

Three Secrets For Getting the Best Credit Card Rates
Want to know how to get the best credit card rates ever? No, it's not a pie-in-the-sky promise. It's a fact. I'm going to tell you exactly how to get those credit card rates down. It's not about having perfect credit (although that helps) and it's not about mind control over credit card company representatives. It's actually much simpler than that. Intrigued? Here we go... Say Please Just ask your credit card company for better rates and say please. Seriously, it's easier than you think....

Do Capital One Secured Credit Cards Really Exist
? How many of the credit-challenged masses would be happy to have Capital One secured credit cards in their wallets? Capital One is one of the best credit card companies out there, and there's something to be said for carrying the what's in your wallet? plastic in your pocket. But the Capital One name is for the credit elites only, right? Wrong! Long Live Capital One Capital One is not just for the credit elites of the world. The company actually offers credit cards to those with credit...

Small Business Credit Cards Debunking The Top 3 Myths
Think you know everything there is to know about small business credit cards? You may want to think again. Many people fall for the myths surrounding these useful financial tools. If you want to be on top of your game you need to know what's fact and what's not. That's why I'm debunking three of the most common myths people buy into. 1. You Don't Need Good Credit If you think you can get a credit card under a business name even if you don't have good credit personally, you're sorely...

Click here to see More Articles by Sean Masterson
Publishers / Webmasters
Article ID: 126801
DELINK URL from Authors Bio
REMOVE Article
Tell A Friend
Leave A Comment!
Download this article in PDF
Report Article!
Search through all the articles:

228 Users Online!!
Related Articles:
Latest Articles:
Business And Finance >> Top 50 Articles on Business And Finance
Category - >
Advertising Advice Affiliate Programs Automobiles
Be Your Own Mentor Careers Communication Consumers
CopyWriting Crime Domain Names DoT com Entrepreneur Corner
Ebooks Ecommerce Education Email
Entertainment Environment Family Finance And Business
Food & Drink Gardening Health & Fitness Hobbies
Home Business Home Improvement Humour House Holds
Internet And Computers Kiddos and Teens Legal Matters Mail Order
Management Marketing Marriage MetaPhysical
Motivational MultiMedia Multi Level Marketing NewsLetters
Pets Psychology Religion Parenting
Politics Sales Science Search Engine Optimization
Site Promotion Sports Technology Travel
Web Development Web Hosting WeightLoss Women's Corner
Writing Miscellaneous Articles Real Estate Arts And Crafts

Disclaimer: The information presented and opinions expressed in the articles are those of the authors
and do not necessarily represent the views of and/or its owners.

Copyright AwareINDIA. All rights reserved || Privacy Policy || Terms Of Use || Author Guidelines || Free Articles
FAQs Link To Us || Submit An Article || Free Downloads|| Contact Us || Site Map  || Advertise with Us ||
Click here for Special webhosting packages for visitors of this website only!
Vastu Shastra

Premium Linux Reseller Hosting Provided By AwareIndia

Company IDS