Balance Transfer Advice

How to Consolidate Credit Card Debt

How to Consolidate Credit Card Debt
August 31, 2011 2 Comments »

Perhaps one of the best ways to efficiently and effectively consolidate credit card debt is via a balance transfer. You’ve probably received balance transfer offers from your credit card issuers in the mail, and if you don’t know what a ... Read More »

Balance Transfer vs. Personal Loan

August 18, 2011 No Comments »

It’s that time again, where I compare balance transfers to other financial instruments to see which is best in particular situations. Today’s matchup: “balance transfer vs. personal loan.” Balance Transfers In short, a balance transfer allows you to shift high-APR ... Read More »

0% Balance Transfer Isn’t Necessarily No Fee

August 3, 2011 No Comments »

While this may sound like an obvious mistake, I wanted to clear something up for others new to the balance transfer game. A reader noted that they received a “zero percent balance transfer fee credit card” from a credit card ... Read More »

Pay Off Taxes with a Balance Transfer Credit Card

April 28, 2011 No Comments »

If you paid your taxes with a credit card this year, you certainly won’t want to be charged credit card finance charges (interest) on top of whatever you were charged to use a credit card in the first place. Yes, ... Read More »

No Fee Balance Transfer to Your Purchase APR Probably a Bad Idea

April 13, 2011 No Comments »

We all know it’s near impossible to find a no fee balance transfer these days, especially one that offers 0% APR with no fee. And we also know it’s big news when a card issuer decides to make such an ... Read More »

Why Do Credit Card Issuers Offer Balance Transfers?

March 2, 2011 No Comments »

If you already know what a credit card balance transfer is, you may be wondering why credit card issuers choose to offer them. In short, a balance transfer allows a consumer to move a credit card balance from one credit ... Read More »

More Consumers Expected to Pay Off Debt in 2011

February 8, 2011 No Comments »

More consumers are expected to pay off holiday debt this year, according to a recent survey from Credit.com. The study found that 59.4 percent of respondents aim to pay off their debt in full this year, rather than carry a ... Read More »

How Many Times Can You Balance Transfer?

January 11, 2011 No Comments »

Balance transfer Q&A: “How many times can you balance transfer?” Once. Five times. 28 times? The short answer is that you balance transfer as many times as you’d like, or your credit affords. But in reality, credit card issuers wouldn’t ... Read More »

Should I Do a Balance Transfer?

December 9, 2010 No Comments »

Balance transfer Q&A: “Should I do a balance transfer?” If you’re currently paying credit card finance charges each month, a balance transfer is probably a good idea. While it’s not uncommon to pay interest on your credit card balance(s), it’s ... Read More »

Balance Transfers Can Boost Your Credit Score

Balance Transfers Can Boost Your Credit Score
December 8, 2010 No Comments »

While a balance transfer request may come with a temporary credit score ding (does a balance transfer hurt your credit score?), it could actually improve your credit score in the long term. When you apply for new credit, whether it ... Read More »