How Do You Transfer Credit Card Balances To A Low Interest Rate?
We have all received credit card offers in the mail that advertise a zero percent annual percentage rate (APR) for a limited introductory period. Many fall victim to the lure of this perception of “free money” because they believe they can use the credit to make large purchases and pay off the balance before the introductory period ends. In reality, most people won’t pay off the balance in time and will be stuck with an unreasonably high APR. Most credit card holders become acutely aware of the fact that it is much more difficult to pay down balances on higher-interest credit cards than for lower-rate accounts. If you find yourself in a situation where you are struggling to pay down a high-rate credit card, transferring your balance to a lower-rate account will lower your monthly payments and help you get out of debt sooner. Gather information from the credit card account that you wish to transfer including the current balance, your account number, the credit card company’s phone numbe
