Choose The Best Balance Transfer Card Today

Credit cards are balance stacks and when the stack gets too high your chips fall. To steady the stack, make a balance transfer! Credit cards are extremely useful as long as one holds caution and monitors the balance that remains on the current credit card as a staggering debt is a cause of great worry.

Most card users might at, some point in their financial cycle, must have wondered about the concept of balance transfer cards. It might seem to be just a circle of new credit cards being purchased to get rid of the old one, and this is a misconception that rises owing to partial understanding of the benefits involved in a balance transfer.

The concept involvedTrue, a balance transfer is in its most superficial observation a new credit card being bought to get rid of the balance of the old one. However, there are many benefits of getting this new plastic which without doubt helps you with your debt and in most cases ensures that you stabilize your once staggering financial mound of credit.

However, it is no miracle cure for debts. It is merely, in a manner of speaking a lifting hand that the credit card companies offer to enlarge their client base. With balance transfer credit cards the silver lining to your debts lies with the interest rate on the new card. Every card post balance transfer is one that offers a subsidized interest rate when compared to the old one, for it is the glue that holds the entire concept together. As mentioned before, when applying for balance transfer credit cards one needs to look out for the interest rate on the new card, or to be more specific the interest rate mentioned for the grace period.

If you are a person who spends money like it is going out of style and you can not afford your bills then you need to get a card that has about a fifty or two hundred dollars limit. You should find a credit card that offers the choice of paying your bills online and also the choice of viewing your activity online.

If you are using a shared card then it is very important that you can view the online activity. You also want a card that will let you view activity on the internet. This is a must for people who have a secondary person on their account. It is always a plus to be able to make online bill payments through the credit card site as well. Make sure it is a secure site that will allow you to do this.

You should get a card that lets you pay your bills online, watch activity online (especially if you are getting a shared account). You should check late payment fees, make sure they are not very high. Ten or fifteen dollars is not so bad as long as you are not late all the time. Also, check for great benefits, cash back is also a plus! Thanks for taking the time to read my article and I hope it has helped you a lotm, if you want more information, I highly recommend you to click here!

Offer only available to new and approved credit card applicants who apply for an ANZ First or ANZ Platinum credit card account with the balance transfer. This is a limited time only offer which may be withdrawn or changed at any time without notice. Offer available in respect of balances transferred from non-ANZ credit and store card accounts only. Not available in conjunction with other offers, packages or promotions or in respect of balances transferred from an existing ANZ account.

The offer must be requested at the time of applying for the credit card. The Balance Transfer Fee (which is a Specific Fee on the credit card account) is 2% of the balance transferred and will be applied at the time the balance is transferred and form part of the Promotional Plan balance.

The Promotional Plan annual percentage interest rate expires 18 months after the date the credit card application is approved, and after the first 18 months the standard balance transfers annual percentage rate will apply to any unpaid Promotional Plan balance. The standard balance transfers annual percentage rate is for ANZ First and for ANZ Platinum as at Monday 20 June 2017 and is subject to change. Terms and conditions apply to balance transfers.

Looking to transfer a balance to your current Capital One card, Balance transfers can help you avoid paying higher interest rates on existing balances you have with other lenders- whether you've been paying them down over time, or they're a result of more recent unexpected expenses. Find the right Capital One card for your balance transfer. A balance transfer can be an effective way to pay down an existing balance at a lower, more manageable rate.

Some cards may even offer a reduced rate on balance transfers for a limited period of time—this can ultimately save you money if you pay them down before the promotional rate expires. You can use balance transfers to consolidate debt. Rather than making multiple payments, you may be able to combine balances from multiple lenders, allowing you to make a single monthly payment and keep track of debt more easily.

You may be charged a fee for some balance transfers, usually either a flat fee or a percentage of the transferred amount. Check the offer terms carefully. If you choose a card with a promotional rate for transfers, keep in mind that the rate will go up when the promotional period expires.

Make sure you know what the APR will be once the promotional rate expires, especially if you won’t pay off the balance in full during that time. See how long it could take to pay off a balance. Capital One cardholders who transfer a balance can pay the Interest Saver Payment by the due date each month, and avoid paying interest on future purchase transactions.