Article: Balance Transfer - This Card Is Not Like The Other
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Balance Transfer - This Card Is Not Like The Other
As another way to get your business, many card issuers offer balance transfers. This can give you some leverage as a consumer and a opportunity to save some interest. Most credit cards offer a 0% APR for 6 to 12 months with no transfer fees. This is sometimes referred to as the teaser rate.
A balance transfer can be a good way for a you to consolidate debt. You can take your outstanding balance on one or two or more cards and transfer it to a card with a lower rate. Once approved, you would have all your payables on one credit card and essentially had taken two or more interest rates and transformed them into one lower rate.
If you want to carry on a balance, look for the credit card that offers the best interest rate or the annual fee offer. However, if you i...
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