In one of my previous articles titled Transforming Extra Calories into Extra Money on Your Credit Card I apparently paid no due attention to a traditional and perhaps the most effective method of clearing your credit card debt – using a balance transfer credit card. Customers who manage their credit with balance transfer services are called rate tarts and their main object is to find a low interest credit card to move the outstanding balance on.
Irrespective of the credit score, a customer is  eligible for a balance transfer plastic, but mind a certain unfailing regularity - the lower your rating, the more expensive the deal will be for you.However, a balance transfer credit card is always a good tool for you … (more) April 22, 2008

Posted in Balance Transfer, Low Interest, Money Saving Tips 1 Comment »

You can find numerous articles and tips on how to eliminate your credit card debt in the Net. About 90% of those guidelines imply using balance transfer. And this really seems to be the best decision for people carrying considerable credit card balances. What can be easier? You just get a balance transfer credit card with 0% introductory APR and forget about money-sucking interest rates and just get rid of your debts.
Actually, it is much more than meets the eye. If only everything was so simple! If every credit card holder could transfer his or her balance every time their promotional period is over, then, probably, no one would have had outstanding debts. So, let’s figure out what can stop … (more) February 12, 2008

Posted in Balance Transfer, Credit Card Advice 3 Comments »

January, time to return to my real life after the winter holidays, go on working and make one more attempt to follow my New year resolution. This year I plan to start jogging, eat more healthy food and reduce my monthly expenses. Even if I forget about my resolution (as I usually do) I will need to save money anyway because I am a bit short of money after all that Christmas shopping.
First of all, I am going to apply for a new credit card with a low introductory rate and transfer my debt on it. This option is called balance transfer and it will help me not to loose money on the annual percentage rate. A balance transfer is … (more) January 11, 2008

Posted in Balance Transfer, Choosing Credit Cards, Credit Card Advice 3 Comments »

Today all major credit cards offer balance transfer facilities, in fact if you are being offered a credit card that does not offer balance transfer then you should think twice before accepting the card. But before we discuss the advantages and the intricacies of balance transfer the first question is, what is balance transfer? Balance transfer is a facility which allows a credit card holder to use one card to pay off the debt for another credit card. For example if I have Discover card on which I have a debt of around $2000, I can actually use my American Express card to pay off the remaining amount on my Discover card (Assuming I have already starting paying off the … (more) August 17, 2007

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