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Get the Best Credit Cards Balance Transfer

Finding the best credit cards balance transfer is not really all that difficult. That statement, however, comes with a few caveats that are important to understand.In this article we will briefly discuss some of the important aspects regarding balance transfer credit cards.

First and foremost, whenever someone is looking to transfer a balance from one credit card issuer to another it is almost invariably due to the interest rates. Many times credit card issuers will offer a low introductory rate, or even a 0% APR introductory rate to entice people to apply for their card.

It is a powerful incentive that has been used quite extensively by banks and financial institutions to pick up new cardholders. It is also quite effective in getting account holders to switch over to a new credit card issuer. And the promise is, as always, that the cardholder will save money.

That is all well and good. The fact of the matter is that the best credit cards for a balance transfer will indeed help consumers save money. By taking advantage of a 0% APR the cardholder can apply 100% of their payments to the principle as opposed to having to apply some of the payment towards interest.

That is all well and good and is highly encouraged, but keep this in mind as well; the introductory interest rates are just that, introductory rates. They will come to an end as prescribed in the terms and conditions of the disclosure statement. They usually last between 6 to 12 months.

When the intro period expires the interest rate that was disclosed will immediately begin. It is a rather obvious statement to make I realize, but far too many people are taken in by the introductory rate and fail to realize that it simply does not last forever.

Another very important factor to consider when searching for best credit cards balance transfer are the fees. Invariably all balance transfer options are accompanied by a fee. Typically balance transfer fees run from 3% to 5%. This is, of course, a general statement. Be sure to carefully check the issuer you are interested in before you apply.

The very best way to uncover the leading offers is to compare credit cards that have the features and benefits you are looking for. In this case finding a quality credit card comparison website that features a balance transfer category will make it quite easy to compare offers from the leading issuers including Visa, MasterCard, American Express and Discover.

Related Information:

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