Following this strategy may work well for you, just remember that there are a couple of things you need to consider before you take advantage of
special balance transfer offers.
There may be many seemingly small costs associated with this however — including monthly charges, annual charges,
special balance transfer fees, cash advance fees, convenience fees, and overdraft fees — that can make a balance transfer more expensive than it is worth.
That's why most of them have
special balance transfer offers that let you move your debt and take advantage of a lower interest rate (some even offer 0 % APR for a limited time).
No qualifying score — All Shell FCU credit card holders qualify for
this special balance transfer offer.
If you get
a special balance transfer credit card, you can even get 0 % promotional APR on that balance you moved over.
If you use your new card to buy something, your purchase will usually attract the full interest rate of the new card (not
the special balance transfer rate).
If you have an excellent credit score, you may benefit from
a special balance transfer offer — a 18 - month period free of any interest for repaying your debt.