Does the credit card balance transfer offer an introductory interest rate?
Make sure you understand the interest rates are getting with the new credit card. Many credit card companies will offer introductory interest rates on balance transfers. Basically, the introductory interest rate eliminates the monthly finance charge on your credit card balance transfer for a limited time. This makes the cost of a transfer easier. How long is the balance transfer introductory period? Usually these kinds of transfers will last about six months. The longer the introductory period the faster the payoff the balance, the more time you have before incurring a full finance charge on the credit card. Do you know what the annual percentage rate is after the introductory rate expires? You always want to find the lowest percentage rate credit card as possible. If you know that the annual percentage rate is going to go all that’s a good incentive to pay off the balance picture. You need to make sure understand all the fine print with the introductory rate on the credit card. Also n
