Do you want to know how to find the best balance transfer credit cards? Well the good news is that it really isn't all that difficult.
It's simply a matter of knowing not only where to look, but also what to look for.
There are also some things that we must be leery of as well and we will discuss that here.
To begin with, without question the best way to find balance transfer offers is by taking advantage of the Internet.
The top credit card comparison websites will feature a category devoted specifically to cards that feature balance transfer options.
While there may not be as many choices as there were just a few years ago, they most definitely still exist.
The fact of the matter is that many banks and issuers have greatly reduced their credit card offers because of the poor economy and a record high number of defaults.
Simply stated, credit has gotten much tighter these days.
A lot of the banks got burned by issuing credit to people with subprime credit ratings.
Now in order to qualify for the best deals available on the market you must have a very good to excellent credit rating.
The best balance transfer credit cards are the ones that not only offer a 0% APR introductory rate, but also have a low interest rate when the introductory period ends.
It is great to save big money by transferring high interest rate balances but you must also realize that many times the low rates are for the introductory period only.
One of the hazards that we see quite a bit is that people get lured into a false sense of savings when the introductory rate is in effect only to be shocked by their monthly statement when the predetermined interest rates kick in.
Do not let this happen to you.
It is vitally important that in your search to find the best balance transfer credit cards you read the terms and conditions of the offer very carefully.
By doing this you will know exactly what the interest rates are going to be as well as other important facts including fees, grace periods, credit limits and so forth.
As we stated earlier there may not be quite as many credit card balance transfer offers as there were just a few short years ago but there are still high quality offers available that can lead to substantial savings.
Take the time to do your homework and you should have no problems at all finding a money-saving deal.
It's simply a matter of knowing not only where to look, but also what to look for.
There are also some things that we must be leery of as well and we will discuss that here.
To begin with, without question the best way to find balance transfer offers is by taking advantage of the Internet.
The top credit card comparison websites will feature a category devoted specifically to cards that feature balance transfer options.
While there may not be as many choices as there were just a few years ago, they most definitely still exist.
The fact of the matter is that many banks and issuers have greatly reduced their credit card offers because of the poor economy and a record high number of defaults.
Simply stated, credit has gotten much tighter these days.
A lot of the banks got burned by issuing credit to people with subprime credit ratings.
Now in order to qualify for the best deals available on the market you must have a very good to excellent credit rating.
The best balance transfer credit cards are the ones that not only offer a 0% APR introductory rate, but also have a low interest rate when the introductory period ends.
It is great to save big money by transferring high interest rate balances but you must also realize that many times the low rates are for the introductory period only.
One of the hazards that we see quite a bit is that people get lured into a false sense of savings when the introductory rate is in effect only to be shocked by their monthly statement when the predetermined interest rates kick in.
Do not let this happen to you.
It is vitally important that in your search to find the best balance transfer credit cards you read the terms and conditions of the offer very carefully.
By doing this you will know exactly what the interest rates are going to be as well as other important facts including fees, grace periods, credit limits and so forth.
As we stated earlier there may not be quite as many credit card balance transfer offers as there were just a few short years ago but there are still high quality offers available that can lead to substantial savings.
Take the time to do your homework and you should have no problems at all finding a money-saving deal.
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