Are Balance Transfers Safe?

If you’ve been thinking about executing a balance transfer, you may be wondering if they’re safe to use. This is a legitimate concern, considering money is involved. So what’s the answer? Well, as with anything that involves your money and personal finances, you need to do your due diligence. First and foremost, ensure you’re working… Continue reading Are Balance Transfers Safe?

Balance Transfer vs. Personal Loan

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 debt from one credit card to another (what is a balance transfer?). Sometimes, you’re also… Continue reading Balance Transfer vs. Personal Loan

Balance Transfers Get More Protection Under Card Act

A new Federal Reserve rule will protect credit card holders taking part in promotional programs that waive interest charges for a certain period of time. As far as I can tell, this will apply to credit card balance transfers, such was 0% balance transfer credit cards and others that allow card holders to avoid paying… Continue reading Balance Transfers Get More Protection Under Card Act

How Many Times Can You Balance Transfer?

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 allow you to keep transferring balances over and over, because your credit score would likely… Continue reading How Many Times Can You Balance Transfer?