There are lots
of balance transfer credit cards available.
Not exact matches
Considering that you may be able to
transfer up to your
available credit limit ($ 15,000 max), you could save hundreds
of dollars, compared to other
cards that charge a
balance transfer fee
of 3 to 5 percent.
The only real limitation to
balance transfers is the amount
of available credit on the
credit card you wish to move the
balance to.
There are plenty
of credit cards with
balance transfer deals and they can help you so you can filter through them and find the one that best suits your needs and you may just find one that is
available to those individuals with fair
credit.
After you've closed all but the one account you want to keep, consider
transferring any remaining
balance to a no - fee
card, and push to get a high
credit limit so you're still using only a small portion
of the
credit available to you.
If you haven't paid off your
balance in full, simply
transfer your
balance to one
of the zero interest
credit cards available today and do the whole thing over again!
The following directory highlights some
of the best
balance transfer credit cards and offers currently
available.
The Capital One ® Secured Mastercard ® and the Capital One ® Platinum
Credit Card have very similar APRs, and both cards also have no balance transfer fees — though with the low credit limits available to secured credit cardholders, it's difficult to see how one could take advantage of this fe
Credit Card have very similar APRs, and both
cards also have no
balance transfer fees — though with the low
credit limits available to secured credit cardholders, it's difficult to see how one could take advantage of this fe
credit limits
available to secured
credit cardholders, it's difficult to see how one could take advantage of this fe
credit cardholders, it's difficult to see how one could take advantage
of this feature.
And if you need to
transfer a high interest
balance, the Chase Slate ®
Credit Card has one
of the better introductory
balance transfer offers
available.
In the current environment, 0 %
balance transfer (and money
transfer)
credit cards are simply the cheapest forms
of loans
available.
You should research the type
of low rate
balance transfer credit cards that are
available to you.
So, while you were on the right track by considering that the addition
of $ 8,000
available credit should help your score by lowering overall utilization, you may have overlooked the negative impact that can come from a single highly utilized
balance transfer card.
There are some things that you can do to get the most out
of one
of these 0 %
balance transfer credit card offers and using the following tips may help you to get the best deal
available.
The 0 % introductory APR on
balance transfers requires a 3 %
balance transfer fee ($ 5 minimum), which is currently the lowest fee
available from a major
credit card issuers, making this
card best for taking advantage
of a
balance transfer opportunity.
Many
of the top
credit cards available today offer 0 % for an introductory period on
balance transfers or purchases — or, in some cases, both.
And if you need to
transfer a high interest
balance, the Chase Slate ®
Credit Card has one
of the better introductory
balance transfer offers
available.
Eligible purchases do NOT include fees or interest charges,
balance transfers (
balance transfers are not
available on the Starwood Preferred Guest ® Business
Credit Card), cash advances, purchases
of travelers checks, purchases or reloading
of prepaid
cards, purchases
of gift
cards, person - to - person payments, or purchases
of other cash equivalents.
Purchases to meet the spend requirement do NOT include fees or interest charges,
balance transfers (
balance transfers are not
available on Delta SkyMiles ® Business
Credit Cards), cash advances, purchases of travelers checks, purchases or reloading of prepaid cards, purchases of gift cards; person - to - person payments, or purchases of other cash equival
Cards), cash advances, purchases
of travelers checks, purchases or reloading
of prepaid
cards, purchases of gift cards; person - to - person payments, or purchases of other cash equival
cards, purchases
of gift
cards; person - to - person payments, or purchases of other cash equival
cards; person - to - person payments, or purchases
of other cash equivalents.
Eligible Purchases do NOT include fees, interest charges,
balance transfers (
balance transfers are not
available on Delta SkyMiles ® Business
Credit Cards), cash advances, purchases of travelers» checks, purchases of gift cards; person - to - person payments, purchases or reloading of prepaid cards, or purchases of other cash equival
Cards), cash advances, purchases
of travelers» checks, purchases
of gift
cards; person - to - person payments, purchases or reloading of prepaid cards, or purchases of other cash equival
cards; person - to - person payments, purchases or reloading
of prepaid
cards, or purchases of other cash equival
cards, or purchases
of other cash equivalents.
Eligible purchases to meet the Threshold Amount do NOT include fees or interest charges,
balance transfers (
balance transfers are not
available on Delta SkyMiles ® Business
Credit Cards), cash advances, purchases of traveler's checks, purchases or reloading of prepaid cards, purchases of gift cards, person - to - person payments, or purchases of any cash equival
Cards), cash advances, purchases
of traveler's checks, purchases or reloading
of prepaid
cards, purchases of gift cards, person - to - person payments, or purchases of any cash equival
cards, purchases
of gift
cards, person - to - person payments, or purchases of any cash equival
cards, person - to - person payments, or purchases
of any cash equivalents.
Purchases to meet the first Delta purchase requirement do NOT include fees or interest charges,
balance transfers (
balance transfers are not
available on Delta SkyMiles ® Business
Credit Cards), cash advances, purchases of travelers checks, purchases or reloading of prepaid cards, purchases of gift cards, person - to - person payments or purchases of other cash equival
Cards), cash advances, purchases
of travelers checks, purchases or reloading
of prepaid
cards, purchases of gift cards, person - to - person payments or purchases of other cash equival
cards, purchases
of gift
cards, person - to - person payments or purchases of other cash equival
cards, person - to - person payments or purchases
of other cash equivalents.
Chase Slate is one
of the best
credit cards available with no fee for
balance transfers when you open an account.
For instance, if you
transfer multiple
balances (or even a single
balance) to one
card and utilize a large portion
of that
card's
available credit, you may see negative
credit consequences due to an increased
credit utilization rate.
This combination
of perks simply isn't
available among
balance -
transfer credit cards we know
of.
No rewards or cash back features: This is more
of a basic
credit card meant for
balance transfers, so there are no cash back or rewards
available with this
card.
These fees are generally a percentage
of the
balance being
transferred and commonly range from 3 - 5 percent
of the amount
transferred, although there are some zero - fee
balance transfer cards available for people with excellent
credit.
Make Sure You Qualify Like most
of the best
credit card offers
available, the better your
credit score, the more likely you are to qualify for a great offer on a
balance transfer card.