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Uncovering the Best Credit Cards for Transfers

Uncovering the best credit cards for transfers most certainly takes a concerted effort on our part. If you currently carry a balance on one or more cards that charge a high annual percentage rate then finding a solid balance transfer credit card can end up saving you a substantial amount of money.

Without a doubt, interest rates can become quite costly for those of us that carry a balance from one billing cycle to the next. Some of the best credit card offers are, of course, the ones with the lowest interest rates. However, there are other factors that must be taken into account.

Chief among them are the fees that are charged. There may or may not be an annual fee with the credit card offer you are interested in. Some banks and issuers charge them and some do not. But you can be sure that there will be a balance transfer fee charged.

Just a few short years ago some cards did not charge balance transfer fees. Because of the poor economy and severe recession that has now changed. Now it is standard for banks and credit card issuers to charge 3% to 5% of the balance that is transferred.

This even applies to the best credit cards for transfers. Of course the best credit card offers will feature not only low interest rates but also a 0% APR introductory rate that lasts between 6 to 12 months. That gives the consumer the opportunity to pay down the principal.

Please take the time to carefully read the disclosure statement so that you are familiar with the terms and conditions that each offer comes with. If you are interested in rewards programs then you will also want to familiarize yourself with how those programs work as well.

Finding the best credit cards for transfers entails doing your homework. Remember that the lowest interest rates are reserved for consumers with the highest credit ratings. Take that into account when you compare offers. The advertised APR may or may not be what you qualify for.

Related Information:

  1. Lowest Rate Credit Cards – Uncovering the Best Offers Find the lowest rate credit cards to save money on interest. We spell out the important factors to consider when comparing low APR credit cards….
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  3. Balance Transfer Fees Are Going Up It wasn’t too long ago that we were absolutely inundated with balance transfer credit card offers. It seemed as if we couldn’t turn around without seeing the latest and greatest…
  4. Compare Credit Cards to Find the Best Deal Possible Compare credit cards to find out what the best deals on our and also which cards best suit your current credit needs. Compare and apply online today….