Monthly Archives: September 2010

Balance Transfer Credit Cards

There are many people who search for some promotional balance transfer credit cards so that they can shift the balance with a high interest rate to a credit card with low interest rate. You can shop for many versatile credit cards that offer zero to low interest rates. Browse through the internet and you will find a good starting point for credit card arbitrage and 0% balance transfer seekers. You may also be lucky to find a credit card with no interest rate and save money on balance transfer.

Check with different credit card companies, especially visa credit card on the internet and know their offers and packages from time to time. You will be lucky enough to find a new balance transfer credit cards.

As a matter of fact, the zero percent balance transfer is good only if it is used within the promotional period. The offer on the balance transfer credit card is for a specific period of time. Your prime intention should be to repay the balance within the offer period. If you are not able to micro manage the transferred balance after the application process is complete and before the promo expiration period, you will be in too much of a financial disaster. Once you have understood the concept of a balance transfer and use it properly, you will be able to save a lot of money in interests alone after transferring the funds from high interest credit card to balance transfer credit cards.

The offers in the balance transfer are uniquely versatile and they serve numerous functions including balance transfer arbitrage and high interest debt reduction. People having a decent credit score but because of being overwhelmed by high interest rate credit card balance can consider shifting their debt on to a 0% APR balance transfer credit cards. This way, they will be able to save a lot of money in interests and at the same time, they will be gradually working towards paying off their debts through balance transfer credit card. Once you know how to use the balance transfer technique, you will be able to weather through a lot of unexpected financial emergencies. You can make the best use of this method only if you are able to pay off the full balance transfer amount at the end of the offer period.

  • More info about credit card:

http://www.whitehouse.gov/blog/A-New-Era-for-Credit-Cards

http://www.federalreserve.gov/consumerinfo/wyntk_creditcardrules.htm