Credit Card Balance Transfer
The balance transfer method is a technique used to save you money on credit card payments. Basically, one credit card will be paying off the balance of your other cards. The reason for the credit card transfer balance from one or more credit cards to another is the lower interest rate that you get on the new card.
To transfer credit card balance form one card to another credit card you need to request a balance transfer. To do that simply inform the new credit card company what loans you want to transfer to your new credit card account.
If you have a decent credit, then you might be able to find credit cards that will offer you an introductory rate of 0% interest. This is usually a limited time offer (the rate is valid for several months only), so be careful and plan well ahead.
Even if your credit is not that good, balance transfers can still save you money if you plan research and plan carefully. Search for credit cads offering low interest rates (lower than your cards). You can find a very good credit card offers searching online.
Credit card balance transfers can save you a substantial amount of money. When you transfer your credit card balances to a credit card with lower interest rate card, you could save 100’s or even 1000’s of dollars on interest. Continuously switching between credit cards is not a good idea and it’s better to come up with a plan to pay-off your loans.