How Do You Transfer A Credit Card Balance?
One of the best ways to begin eliminating your credit card debt is to transfer the balance to a new card with a lower interest rate. In fact, many credit card companies offer introductory rates specifically for balance transfers. If you’re looking to reduce your monthly payments by transferring your balance, just make sure you do your research first. Read the information about your new credit card thoroughly, paying particular attention to whether there are transfer fees associated with a balance transfer. If you must use a company that charges a transfer fee, look for a financial institution that has a cap on the amount instead of a limitless fee based on a percentage of the money you’re transferring, Compare the details of the new credit card to your old one. Take a close look at the APR, grace period and any annual fees. Find out what will happen when the introductory rate on the new card expires. Speak with a representative of the new company and ask lots of questions. You should k
