Do you carry a huge balance on other credit cards and can only make the minimum monthly payments? The financial charges are racking up each month? Then consider transferring your credit card debts to a new credit that offer you 0 or low balance transfer rate. These credit cards can save you hundreds or even thousands in interest payments. The introductory period range from 6 months to up to 15 months. Be sure to check the exact promotional period and remember you still need to make the minimum monthly payments to be qualified for the rates.

Balance Transfer credit cards allow you to take advantage of low or 0 apr introductory rates so you can pay off the balance on a high interest rate credit card or loan first. When you consolidate you debt into just one credit card balance it will make managing your money much easier. With typically no interest charge on the new cards for 6 to 21 months you should be able to save a lot on purchases you previously made.

When choosing a balance transfer credit card, you should keep a few important things in mind. First, there is a balance transfer fee involved - either a flat fee or a percentage of the balance you are transferring. The length of the special apr is one thing you need to consider. Six months go by very fast. Be prepared to pay very high interest rates if you think you won't be able to pay off the remaining balance in full by the end the 6th month. Usually the intro rate and period depend on you credit history. A 0% introductory apr isn't the only reason you should transfer the balance to. In case you can't pay off the balance when the promo ends, a low interest rate credit card will continue to keep the minimum monthly financial charge low.

Can you apply for another balance transfer credit card if you still have large balance at the end of the intro period? Sure you can. You can keep repeating that until no new card is approved. However, this is not a disciplined practice. And don’t just count on transferring the remaining balance to another 0 APR card at the end of the promotional term. In fact you might end up owing more debt than you used to have. The purpose of referring balance to a different credit card is to consolidate high-interest credit card debt and give yourself a temporary cash infusion. If you have purchased some expensive items in the past can have trouble paying them off, a credit card with 0 apr balance transfer rate will help you

Careful planning on balance transfer will save you time and money. Know how long it would take you to pay off the balance on and pay the minimum balance every month. If you can't afford to pay that amount within the allotted time you should look for longer intro period. 12 months are very common these days. You will also find 21 months on a few card issuers.

Don't apply for all the balance transfer credit cards you find online. Select one that best fit your financial situation. If you don't get approved try a different card instead.

Pulaski Bank Visa® Card   Fixed Rate APR of 6.5% 0% Introductory APR on Balance Transfers for the First 6 Billing Cycles - Applies to Balance Transfers Processed within 3 Months of Your Account Open Date No Transaction Fee for Balance Transfers 25 Day Grace Period Online Access to Credit Card Account Information Intro APR Intro Period APR Annual Fee Balance Transfer Link to Offer 0% APR for 6 Months 6.50% $35 Yes Learn More

Pulaski Bank Gold Visa® Card   Fixed Rate APR of 8% No Annual Membership Fee 0% Introductory APR on Balance Transfers for the First 6 Billing Cycles. Applies to Balance Transfers Processed within 3 Months of Your Account Open Date No Transaction Fee for Balance Transfers 25 Day Grace Period Online Access to Credit Card Account Information Intro APR Intro Period APR Annual Fee Balance Transfer Link to Offer 0% APR for 6 Months 8.00% $0 Yes Learn More

Discover® More(SM) Card- American Flag   5% to 20% Cashback Bonus® at Top Online Retailers* Up to 1% Unlimited Cashback Bonus® on All Other Purchases Automatically Increase, Even Double, Your Rewards When You Redeem for Gift Cards from Our 100 Cashback Bonus® Partners No Annual Fee Online Account Access Online Bill Payment *View Discover® Card Rates, Fees, Rewards, and Other Important Information Intro APR Intro Period APR Annual Fee Balance Transfer Link to Offer 0% Intro APR* 10.99% $0 Yes Learn More

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Discover® More(SM) Card - Sealife Collection   5% to 20% Cashback Bonus® at Top Online Retailers* Up to 1% Unlimited Cashback Bonus® on All Other Purchases Automatically Increase, Even Double, Your Rewards When You Redeem for Gift Cards from Our 100 Cashback Bonus® Partners No Annual Fee Online Account Access Online Bill Payment *View Discover® Card Rates, Fees, Rewards, and Other Important Information Intro APR Intro Period APR Annual Fee Balance Transfer Link to Offer 0% Intro APR* 10.99% $0 Yes Learn More

Discover® More(SM) Card   5% to 20% Cashback Bonus® at Top Online Retailers* Up to 1% Unlimited Cashback Bonus® on All Other Purchases Automatically Increase, Even Double, Your Rewards When You Redeem for Gift Cards from Our 100 Cashback Bonus® Partners No Annual Fee Online Account Access Online Bill Payment *View Discover® Card Rates, Fees, Rewards, and Other Important Information Intro APR Intro Period APR Annual Fee Balance Transfer Link to Offer 0% Intro APR* 10.99% $0 Yes Learn More

Discover® Open Road(SM) Card   Double Cashback Bonus® on Grocery Store Purchases in November and December* 5% to 20% Cashback Bonus® at Top Online Retailers* Up to 1% Unlimited Cashback Bonus® on All Other Purchases Automatically Increase, Even Double Your Rewards When You Redeem for Gift Cards from Our 100 CBB Partners No Annual Fee Online Account Access Online Bill Payment *View Discover® Card Rates, Fees, Rewards, and Other Important Information Intro APR Intro Period APR Annual Fee Balance Transfer Link to Offer 0% Intro APR* 10.99% $0 Yes Learn More

Miles by Discover® Card   Double Miles on Grocery Store Purchases in November and December* Book Any Travel, Anytime with No Blackout Dates or Restrictions Double Miles on Up to $3,000 in Travel and Restaurant Purchases Each Year 1 Mile for Every $1 on All Your Other Purchases Unlimited Miles That Never Expire* Redeem for Travel Credits to Your Account, Gift Cards from Any of Our 70 Brand-Name Partners, or Cash Starting at Just 1,000 Miles No Annual Fee *View Discover® Card Rates, Fees, Rewards, and Other Important Information Intro APR Intro Period APR Annual Fee Balance Transfer Link to Offer 0% Intro APR* 10.99% $0 Yes Learn More

Citi® mtvU™ Platinum Select® Visa® Card for College Students   0% APR* on purchases and balance transfers for 6 months Earn 5 ThankYou Points® for every dollar you spend at restaurants, bookstores, record stores, movie theaters and video rental stores Earn 1 ThankYou Point for every dollar you spend on all other purchases Earn 25 ThankYou Points every month when you pay on time and don't go over your credit limit Earn up to 2000 ThankYou Points twice a year for maintaining a good GPA Redeem points for gift cards, travel, electronics, music, and more No Annual Fee Intro APR Intro Period APR Annual Fee Balance Transfer Link to Offer 0% APR for 6 Months 17.24% $0 Yes Learn More

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