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by Contributing Writer on December 16th, 2009
Professionally Researched. (What's this?)
A credit card balance transfer essentially refers to the act of transferring your credit card debt from one credit card to another for a temporary reduction in the interest rate being charged on your balance. There is great competition among credit card companies to get you to use their card. In light of this fact, it is possible to find transfer rates as low as three, one, or zero percent. All you need to perform a credit card balance transfer is a credit card balance, a mailbox, and a Social Security number. The act of transferring a credit card balance is usually performed by the credit card company to which you're transferring the balance. Almost all credit card companies perform credit card balance transfers in one form or another. It is always a good idea to shop around a bit to find the lowest rate that covers the longest grace period possible. Some credit card companies will include a number of charges in the fine print of their contracts. These can include costly annual fees, and some even charge a percentage of the balance being transferred. Be sure to avoid this when possible. Credit Card GuideHow Low Can You Go?
Who is Eligible?
Associated Costs
Finding A Credit Card Company
Fine Print
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by AnnieJames on May 23rd, 2011
Almost all credit card companies perform credit card balance transfers in one form or another. It is always a good idea to shop around a bit to find the lowest rate that covers the longest grace period possible.This is very helpful while shopping, and this idea is encourageable...Annie
What is the best credit card with 0% apr?
by Answerbag Staff on April 13th, 2010
| 1 person likes this
Whats the best credit card out there?
by LuckyLefty on May 1st, 2007
| 3 people like this
Is it worth it to transfer a balance?
by Answerbag Staff on April 9th, 2010
| 1 person likes this
Do balance transfers hurt your credit score?
by Answerbag Staff on March 27th, 2010
| 1 person likes this
Is the mother of the mentally ill son be able to access his accounts? Also,can she asks the bank to supply her with details of any recent withdrawals from the account, and asks for any remaining balance of the account to be transferred to her account?
by viomarie on February 29th, 2008
| 2 people like this
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