Find the best balance transfer credit cards to make payments more conveniently, and reduce the cost of your debt.
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The investment return after 1 year is:Balance transfer is the transfer of an outstanding debt from one credit card to another. Customers typically move their outstanding balance to low-rate balance transfer credit cards with significantly lower interest rates and more benefits to take advantage of the low promotional APR, which lasts 6-18 months.
A balance transfer is easy. Select the best balance transfer credit cards, apply for one or more, and initiate the transfer once card issuers approve you. You'll be asked for the name of your current credit card company, the amount of debt to transfer, and other account details.
It may take up to two weeks for the transfer to be finalized. So, continue making minimum payments to the current card issuer until you know the transfer is complete. The transferred balance will show on your new card's first statement, along with the balance transfer fees.
Surprisingly, some credit cards allow you to move other forms of debt, such as an auto or personal loan, to your credit card. However, it depends on the card's debt terms and conditions compared to the old loan's. Also, keep an eye on the balance transfer fees to ensure the transfer is not too expensive.
Moving your outstanding debt from high-interest credit cards to low-rate balance transfer credit cards just got easier. LendMeMoney.com does the bulk of the work by summarizing and juxtaposing the top picks, to make finding and choosing a suitable card easier. Look through our list to find the best balance transfer credit cards.
After securing a suitable card, work to ensure that your credit card payments help your credit going forward. Pay the debt transferred on time, within the promotional period. After that, keep an eye on your credit utilization and pay your monthly balances to avoid racking up another significant balance. For more information about finding the best balance transfer credit cards to help your credit, contact LendMeMoney.com.
