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Are you experiencing a debt build-up and contemplating on what to do next? To begin with, what is a balance transfer? A balance transfer is a way to ask a lender to pay off your debt to another lender. In order to take advantage of a low or zero introductory APR, balance transfers involve transferring a balance from an existing card with one issuer to a new card. In many cases, it is impossible to transfer a balance between two cards issued by the same card provider.
Balance transfers can help get you some debt relief. We suggest opting for a balance transfer credit card as they can give you up to six, twelve, fifteen or even eighteen months of relief with 0% interest rates. Instead of paying money towards interest rates and feeling like you’re in a never-ending debt, get a balance transfer credit card and have your hard-earned money go towards the principal balance of your debt.
With a balance transfer credit card, some providers allow you to check your eligibility first and do a soft credit search before you apply, so it doesn’t affect your credit score. Also, some credit card providers offer rewards when you take out a balance transfer credit card, such as cashback or shopping discounts. We believe these are the best and most popular balance transfer credit cards in April 2024, check them out!
balance transfer is a good idea
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