Best Credit Card Offers specially for you

About Us  |  Contact Us  |  Articles  |  News  |  Tips  |   Tools
ADVERTISER DISCLOSURE is an independent, advertising-supported web site which is compensated by the credit card issuers whose offers appear on the site. This compensation may impacts how and where the credit products appear on our site, including, the order in which they may appear within credit product lists. does not review or offer all available credit products.

3 Tips to Generate Maximum Benefits from Balance Transfers

[Wednesday, February 22nd, 2012]

Are your credit card balances showing no sign of improvement as a result of exorbitant interest rates even though you are making payments every month? Well the smartest move you can make at this moment is to look out for credit card balance transfer deals.

A credit card balance transfer deal allows credit card consumers to swap their extremely high interest credit cards for low interest cards in order to make substantial savings and improve their chances of paying their credit card debts in full. These deals used to be abundant a couple of years ago but the global economic meltdown has impacted negatively on the willingness of lenders to make such offers. However there are still a couple of offers available as long as you conduct effective research.  So how can you generate maximum benefits from credit card balance transfers?

1.Sign Up for Balance Transfer Deals with Minimum Interest

Firstly the only reason why you are signing up for a credit card balance transfer offer is to be able to reduce the interest rates on the amounts already borrowed so you will be able to settle your debts before they get out of hand. This is why you should look out for new cards that offer minimum interest rates, keeping in mind that zero interest cards are even possible. Minimum interest rate cards will substantially reduce your cost of borrowing and help you make generous savings on your debt.

2. Get Balance Transfers with Long Introductory Periods

Almost all credit card balance transfer offers come with an introductory period within which you will be offered minimum interest rates for your debt. Since these periods are never permanent, it’s important that you look out for deals with these periods lasting as long as possible. It’s important that you make a realistic analysis of how long you will need to be able to pay off your debts and make sure the introductory period will cover that period or at least be very close. This will give you the chance to wipe off a substantial amount of your debts at low interest.

3. Look Out for Offers with Generous Interest Rates After Introductory Period

Keep in mind that upon the expiry of the balance transfer offer, the debt will come with a new interest rate which will be substantially higher than the introductory rate. It’s important that you look out for deals with the most attractive interest rates after the introductory period so that you don’t end up with another high interest credit card that will suck the life out of your bank balance and get you into more debt. This is especially vital if you know you won’t be able to settle your debts in full within the introductory period.

Read also

New Business Card From U.S. Bank Offers Value Where It’s Most Needed
[October 13th, 2018]

Most people are familiar with rewards credit cards that give members bonus cashback in certain categories that change each quarter. But U.S. Bank’s new business credit card will let companies earn more rewards by offering the biggest bonuses in categories where they spend the most each statement period.

Continue reading ››

Propel Card From Wells Fargo And American Express Offers Triple Reward Points
[July 16th, 2018]

Wells Fargo and American Express have announced changes to their no-annual-fee Propel card, making it an even better deal for customers who use streaming video services, order food and go out to restaurants, and travel frequently.

Continue reading ››

New Chase Credit Cards Offer Big Rewards For Travelers
[April 18th, 2018]

There are two new rewards credit cards available for travelers who want to collect extra points when checking in to their favorite hotels. The IHG Rewards Club Premier card and the IHG Rewards Club Traveler card from Chase Card Services offer reward points, free anniversary nights, elite membership stats, no foreign transaction fees, and more.

Continue reading ››
Copyright © 2003-2018 All Rights Reserved strives to keep credit card information up to date and accurate. However, all the credit card information is presented without warranty and can be changed by the credit card issuers at any time. Click the "Apply online" button to see the online credit card application and to review current credit card terms and conditions. Note that can be compensated by credit card issuers when the visitors apply for a credit card through the website.
* The webpage is a free service and an information resource for credit cards and financial products and services available to eligible United States consumers. does not offer any warranties and is not a direct service. There are no guarantees for approval or offers when applying for a credit card. Please refer to the application if you would like more information on each credit card. When you click "Apply" for a particular credit card, please take the time to review the terms and conditions of the product/service at the issuer's website. All logos on the website are property of their respective owners.
Information in these articles is brought to you by Banks, issuers, and credit card companies mentioned in the articles do not endorse or guarantee, and are not responsible for, the contents of the articles.
Disclosure: Not an access card.