Balance transfer credit cards can be a great way to
eliminate other credit card balances if you are properly prepared.
Not exact matches
Focus on
eliminating your monthly
credit -
card balance first, then
other forms of consumer debt such as car loans and lines of
credit.
Maxing out your
credit cards is damaging to your
credit score because of the debt ratios you maintain with
other accounts so make every effort to
eliminate balances as fast as possible and definitely pay more than the minimum each month.
If you plan to use this
card to
eliminate debt, all you have to do is fill out a form provided by Chase that will enable you to transfer the
balances from your
other credit cards or loans to this new
card.