subject: Top Four Questions About Best Balance Transfer Credit Cards [print this page] Top Four Questions About Best Balance Transfer Credit Cards
Finding the best balance transfer credit cards is not as difficult as you might think .However, there are a lot of balance transfer credit cards available nowadays making it difficult to choose which one is the best and suitable for you.
If you're difficult to find the best balance transfer credit cards for your financial needs, maybe you need to read the rest of this article which highlight a little bit on the tips to find the best balance transfer credit cards. We need to realize that the balance transfer credit card can help us to save our money. But, this fact is true if you have an outstanding payment to make on one or more high interest credit cards.
First of all, we need to know what actually Credit Card Balance Transfer. A balance transfer in term of credit cards means that moving your debt from one credit card to another. In this way we can save our money. As an example if you have more than one credit card, you can consolidate your debts by transferring all your outstanding balances to just one card.
Now we proceed to the Questions to find the best balance transfer credit cards.
1.What is the term and conditions
When you are looking for the balance transfer credit card, go through the terms and conditions for the payments first. Ask yourself is there any annual fee for that card? What are the late fees and over the limit fees? How are you going to be penalized for defaulting on the payments? Do you stand to lose the introductory APR if you default? Credit card companies is so brilliant since they will automatically increase the APR, and keep it higher than normal, after the promotional period, if you do not make prompt payments.
2.Is there any fees
Check if there are any fees for balance transfer for that credit card that you want to choose. Let say that if you are transferring a huge amount, the balance transfer fees can really be on the higher side. Stay away from such murky offers because ultimately there is not much sense if you are paying more for the transfer of the money to be saved.
3.Is it possible to get your money back?
Some balance transfer credit card companies also allow you to cash back your money for new purchases on their card. While you probably won't get that cash back on the transfer, you can begin to reap rewards for future use. If you think that you may keep the balance transfer credit card for a while, this is a good thing to investigate.
4.What is the time limit of your credit card?
If balance transfer credit card companies could give consumers unlimited time to enjoy the lower interest rates and it would be great to choose this kind of credit cards. Before you decide to choose the best balance transfer credit cards you need to know what your card's time limit is. Find out how long the introductory balance transfer credit card interest rate is good for.Better if the time limit is longer one.
Hope these four questions may guide you if you're interested in finding the best balance transfer credit cards for your financial needs. After this you will glad to say that "the best balance transfer credit cards aren't really as hard to find as the proverbial needle in the haystack". In fact, it's just a matter of understanding what makes certain cards the best of the best.
