I created this website to highlight the importance of credit card balance transfers and also to keep track of the latest offers available.
Like all credit card offers, balance transfer offers will come and go over time. Certain deals may only be around once a year, once a quarter, or once in a lifetime.
If you have credit card debt, paying it down with the original card issuer probably isn’t the best way to escape the debt cycle and save money.
Instead, you’ll likely be much better off moving the debt to a new 0% APR credit card. This is essentially how balance transfers work and why they’re extremely beneficial.
When I was younger I accrued some credit card debt, much like any other young person. My motto was basically take on a little debt if it means enjoying yourself. Sure, I paid some finance charges, but I also had more fun than those who lived the boring, frugal lifestyle.
Instead of depriving myself, I learned how to execute a balance transfer and essentially get no-interest to pay for whatever it was I wanted to buy. Of course, I spent within reason and never went too crazy.
Once I got a real job and started making real money I was able to pay off all the balances in full with minimal finance charges. In the end, it was well worth it and without balance transfers there’s a chance I’d still be paying off the debt!
To sum things up, balance transfers are super easy to apply for and implement so there’s really no excuse to be paying APR north of 0% to a credit card company EVER!
I understand that seemingly complicated financial terms can be daunting for those new to the game, but putting in a little time to educate yourself could pay serious dividends.
My goal here is to help readers better understand balance transfers and make sure they hear about the most attractive offers so they can take advantage of the money-saving power of a balance transfer.
It’s truly one the most potent financial tools an individual has in their arsenal, and one of the most efficient ways to tackle stubborn credit card debt.