Balance_Transfers_Credit_Card__Primer_ by zhucezhao


									Balance Transfers Credit Card "Primer"

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Balance transfer credit cards are credit cards that transfer the balance
from one card to another card. Cardholders often search for these types
of credit cards to eliminate or reduce finance charges and save money.
Balance transfer credit cards are like any other credit cards, therefore
looking at the variety of features will help you make the best choice.

Balance Transfer Credit Cards,Best Balance Transfer Credit Cards,Balance

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Credit card features are composed of the APR (annual percentage rates),
balance transfer fees, interest rates, late fees, and so forth. The APR
is a primary feature to reflect on while searching for balance transfer
cards. Credit card companies are competitors; therefore, the companies
will strive to offer special deals on credit cards. Some of the deals
include 0% introductory rates and low interest rates, particularly for
balance transfers. In your search for the best balance transfer credit
cards, be sure to take maximize the advantage of the offer by using the
card strictly for balance transfers. If you use the cards to make
purchases, please keep in mind that the credit card issuers profit from
the corresponding financial charges that you might incur while using this
type of card.

Introductory Periods

For a few of the balance transfer cards, lenders will add zero percentage
introductory rates for up to 15 months. Some credit card lenders will
determine the zero introductory rates from your credit rating. If you
have six months, one year, or 15 months of 0% on your balance transfers
be sure to pay off the debts before the date expires.

Balance Transfer Fees

Balance transfer fees consist of a percentage of the full amount that is
financed and transferred to the card. The fees typically average around 3
percent of the amount transferred. The purpose of comparing cards is
primarily due to the fact that some credit card lenders will essentially
surrender the normal fees during the introductory trial.

Transferring the Balance on Credit Card Dates

Very few of the available balance transfer credit card offers will not
require a transfer fee. The balance transfer credit cards that provide
the most benefits are those cards that enable you to complete balance
transfers during the entire introductory period. The cards that require
you to start balance transferring upon receipt of the card do not allow
the flexibility that the latter card allows. Be sure to read the terms
and conditions, since you can look for clauses, stipulations and/or
restrictions on balance transfers. The most important thing to consider
is understanding, the types of balances transferable, before accepting
the card.

The balance transfer credit cards nowadays have select programs that
offer rewards. Comparing the cards will help you find the better cards
that suit your needs. Look through the clauses when considering rewards
balance transfer cards, since some card lenders will not apply the points
to the balances transferred. Still, this could be the better choice!

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