Money Articles

Balance Transfer Credit Cards: Three Reasons To Apply For One

You?ve probably heard of balance transfer credit cards. But you may not be aware of all the benefits that come with them. Balance transfer credit cards can help you get out of debt while enjoying additional perks. If you?re thinking about signing up for a new card, here are three reasons to consider a balance transfer one.

A Chance to Consolidate Debt

If you have a number of outstanding balances on different credit cards that are weighing you down, you?re not alone. Many cardholders juggle various accounts and interest rates. When you want to get rid of the balances, it can be hard to keep track of everything.

A balance transfer card is a smart option to get you organized. You can consolidate your credit card debt into one account. Balance transfer credit cards usually offer lower interest rates than other cards. This allows you to save on interest as you pay off the amount. By setting up a schedule to make payments, you can get out of debt quickly.

0% APR Introductory Period

In addition to a lower regular interest rate, balance transfer credit cards usually include an introductory period. This may apply to the balance transfer itself. That means that the amount you bring over will not be charged interest for a certain time, usually between six and twelve months. This creates a window for you to reduce the debt, interest-free. If possible, you?ll want to pay off the entire amount during this time. Through this method, you could save hundreds of dollars in interest fees.

Some balance transfer credit cards include a 0% APR introductory period for purchases as well. This allows you to buy items and avoid high interest fees. The 0% interest on purchases is a convenient feature if you?ve already paid off the existing balance. If not, you?ll want to concentrate on reducing the amount you owe before using the card on a regular basis.

Additional Rewards

Balance transfer credit cards are often advertised as a way to consolidate and reduce debt. And in a large part, they are. But many also include additional benefits, such as rewards programs. Once you start making purchases with the card, you can earn rack up points for free airline tickets, travel benefits, and cash back bonuses.

As you shop, compare the different features of balance transfer credit cards. Consider the various interest rates offered, as well as the attached rewards programs. Some credit card websites include a balance transfer calculator, which lets you see how much you would be saving by switching cards. Punch in the different rates and balances, and use it as a guide to find the right option for you.

You?ll also want to read the fine print before applying. Some cards charge a fee for bringing over outstanding amounts from other places. Check to make sure you will save more on interest than you have to pay in transfer fees. For most cards, the savings do outweigh the costs involved.

After signing up for a new card, it?s up to you to make the most of it. Make monthly payments to get rid of any outstanding balances as quickly as possible. Then start using the card for new purchases. With proper planning, you?ll be out of debt and in the rewards in no time. How?s that for a good credit card deal?

Click here to find Balance Transfer Credit Cards. Ed Vegliante runs www.Credit-Card-Surplus.com, a directory helping consumers to compare and apply for credit cards.

Other Article Sites

findabook.com  moneycd.info  a-mortgage.info   about-lemon-laws.info  aboutstudentloans.info
all-about-publishing.info  auctions-articles.info  bestcollege-university.com  bestispconnection.com
biblefolder.com  blogger-website.com  books-used.info  brokers-guide.info  buywindows.info  cable-dsl.info
career-miner.com  carpel-tunnel.info  cashinaflash.info  cashloanreviews.info  casinobell.com  chat-house.info
clearmycredit.info  collegeloantips.info  crones.info  depression-articles.info   dirnic.net  dishguides.info
divers-below.com  expodog.info   financewizz.com  fire-insurance.info  getgood.info  handleit.net   it-idea.info
health-supplies.info  hosting-right.com  insidealert.com  insurance-facts.info  jobs-employment.info
justgood.info  lookgold.net   lowcost-travel.info  money-source.info  myhostzone.info  numisblog.com
peoplesearchfinder.info  pr-articles.info  realeas.com   refinancing-guides.info  spyware-remove.info
telelot.info  the-law.info   toppaid.info  travel-deals.info  travelcorrect.com  wedding-guide-site.com
your-blog.info  your-credit.info

MORE ARTICLES:

How to Make Massive Money With PLR
There are a billion web pages online and most of business pages sell something either directly or indirectly Anything and everything from chili sauce to the hottest new cell phone

Loan Sharks of the 21st Century
Payday Advance, Payday Loan; there are many different terms used for these "services." The one thing they all have in common? They are out to Get Your Money. A lot of it.

Refinancing With A Second Mortgage Or Home Equity Loan
If you're looking into refinancing your home and have a second mortgage or a home equity loan or line of credit, in some cases you may be out of luck If you want to refinance your primary loan, you first must convince the lenders holding any second position loans to agree to continue to be in a subordinate position behind the new primary loan

Credit and Divorce
Mary and Bill recently divorced. Their divorce decree stated that Bill would pay the balances on their three joint credit card accounts.

Data Entry Jobs From Home : Why They Are So Popular To Make Money
Data entry jobs from home are popular because they make good sense for many individuals Choose from the characteristics that make this type of work a good option for you

Virgin Money USA Leads Industry in Private Mortgage-Based Loans
Growing Number of Homeowners Seek Intra-Family Mortgage Loans Over Traditional Lending Sources

Why Should You Have Credit Cards?
Let?s talk a little in detail about the types of credit cards so you know which you are able to benefit from the most Sometimes only one will work for a particular person's situation, while other times having more than one will benefit you better

Why Should You Apply for a Credit Card Online
Sometimes the credit card companies make it really enticing to apply for a new credit card or accept that great balance transfer option by filling the mailbox with a daily barrage of pre-approved and pre-screened offers - just sign the dotted line, drop the postage paid reply in the mailbox, and receive your new credit card by mail within a couple of weeks. It really couldn't be much easier. But do you know the reasons why you should apply for a credit card online instead of by mail?

A Look At The Types Of Student Credit Cards
As parents, have you ever considered giving your children what they can claim as their own student credit cards? You may be a bit frightened considering the fact that there are millions of cases of unpaid credit card debts and you may perceive that awarding your kids with student credit cards means a trouble set to a boil.

Prevent Credit Card Processing Fraud
If you are a merchant, particularly someone who sells products online, the chances of your business being exposed to credit card fraud is highly likely. For many businesses, credit card fraud is a cost that they apportion into doing business and they may even account for it in how the price products ? similar to how a business may account for bad or doubtful debts. In the UK for example, government published statistics reveal that credit card fraud has went up from ?83.3m 10 years ago to ?504.8m just before the introduction of the chip and pin scheme. Chip and pin is a system where by a number is assigned to each credit card, meaning a thief has to do more than just fake a signature to complete a purchase with someone else?s credit card. Th...

How To Accept Credit Cards Without a Merchant Account
To increase sales on your website, you must accept credit cards. To process credit cards, you could apply for a merchant account through your bank or other financial institution.

Compare Credit Cards Before Deciding On One
I often find myself wondering how we managed for so many years without credit cards. Today, while you can get away, or, get by, without having one, there is a lot you will not be able to do if you do not have one. Just having one is not the only thing that matters. You need to have the card that is the best choice for you. What this means is that you are going to have to do comparison shopping of several credit cards before you decide on the one that is right for you. All you need to do is put in some effort and you will save hundreds, or even thousands of dollars down the road.

Thirty Minute Fitness Camp in Edison, NJ Guarantees Results or Money Back
The Underground Strength Gymnasium in Edison, NJ has been training athletes for 4 years, never failing to transform athletes into stronger, faster and highly conditioned athletes. The USC Gymnasium is now going to offer CrossFit Underground Boot Camps, a style of training that is for all individuals, athletes and non-athletes, with brief, thirty minute workouts. Participants can expect to lose up to 8 lbs. during a thirty day camp while building lean muscle and increasing energy.

USGBC Panel Rejects ‘Blunt Instrument’ of Negative PVC Credit
The Vinyl Institute said today that the final report of a U.S. Green Building Council panel on PVC (vinyl) reaffirmed the conclusions of its earlier draft report that PVC should not be the subject of a negative credit in the Council’s LEED rating system.

Refinance Home Loan - Overview
Gaining an overall understanding of the subject of refinance home loan will allow you to make informed choices about the prudence of obtaining a loan The choice to refinance home loan is a major decision for most people