Balance Transfer Credit Card Applications
Do you find yourself struggling to pay your credit cards? Do you juggle payments between cards each month or even miss payments? If so, a balance transfer credit card may help to lighten your debt load and streamline your payments. These balance transfer cards are fairly easy to get and use.
A balance transfer credit card allows you to transfer multiple card balances to one card. This means that you’ll make one payment a month instead of two, three, or more. This process typically takes up to three weeks. You get the balance transfer card and call your other card’s customer service line to initiate the transfers.
They’ll look at your history and credit level and decide if you can have a full or partial transfer. Until the transfer is complete, you want to continue your routine payments. Don’t fall behind because this can hurt your credit score.
The Best Balance Transfer Credit Cards Waive the Balance Transfer Fee
Ideally, you want balance transfer cards that will waive the balance transfer fee like with the Chase Slate Card. If you can’t find a low fee card, look for one with the minimum charge. It usually ranges between three and five percent, with a minimum of $5 to $10 per balance transfer.
Look for a Balance Transfer Card With a 0 APR Intro and Low Fixed Interest After
Also, you want to find a card with a 0 introductory APR offer. This introductory offer usually ranges between 12 to 18 months. This means that you can save in interest payments during this time. You’ll be able to pay more of your balance off as well.
It’s a good idea to look for a balance transfer card with a lower interest rate. This way, if you don’t pay off your balance by the introductory offer’s end, you’ll still pay less in interest. It is important to avoid balance transfer mistakes.
Balance transfer cards are a great way to consolidate your debts. If you have multiple cards with balances, it might be good to check them out. Apply today and start paying your balances off quicker.
Some of the credit card offers are from our advertising partners. We have chosen credit card offers based on our editor’s recommendations. The credit offers that show up on this website are from companies in which CreditFast may receive financial compensation.