Balance Transfer Credit Cards

If you’re struggling to tame your bloated credit card balances, the right balance transfer card could help you save money on interest and shed your debt more quickly. ust pay close attention to terms and balance transfer fees before applying, and remember that balance transfer credit cards generally require a good to excellent credit rating for approval.
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Balance Transfer Credit Cards (5)

Capital One Credit Cards

Capital One Credit Card is designed for frequent users of Capital One. Capital One Financial Corp., a financial holding company in the United States, specializes in credit cards, auto loans, banks, and other financial products, ranking among the top 500 financial stars

Bank of America Credit Cards

Bank of America Credit Card is a credit card provided by Bank of America for customers to help shopping. Bank of America is the second largest commercial bank in the United States, Bank of America offers different credit cards to people with different needs. You can choose what you want. There are cash return cards, travel cards, and reward cards. Each card can bring you different ways of saving money or making money policies. You can read the following narrative to learn about Bank of America Credit Card.

Jetblue Credit Card

Jetblue Credit Card is designed for frequent users of Jetblue. Jetblue Credit Card is a Balance Transfer Credit Cards.

Citizens Bank Credit Cards

Citizens Bank Credit Card is a credit card provided by Citizens Bank for customers to help shopping. Citizens Bank was founded in 1828, headquartered in Providence, Rhode Island. Is a listed company in the United States, mainly doing financial services. Citizens Bank Credit Card is more suitable for Citizens Bank's loyal shoppers, providing customers with a good shopping experience, bringing more shopping discounts. So if you like shopping, you can learn some ways to save money.

PNC Credit Cards

PNC Credit Card is a credit card provided by PNC for customers to help shopping. PNC, founded in 1845, is a Pittsburgh-based bank holding company and financial services company. Its banks operate in 19 states and the District of Columbia, with 2,459 branches and 9,051 ATMs. The company also provides financial services such as asset management, wealth management, heritage planning, loan services, and information processing. In terms of assets, PNC ranks eighth on the list of the largest banks in the United States. It ranks fifth by the number of branches, sixth by deposit and fourth by number of ATMs. So if you like shopping, you can learn some ways to save money.

What is a balance transfer credit card?

Balance transfer credit cards give people the opportunity to transfer from a high-interest credit card to a lower-interest credit card. They also can help cardholders save a lot of money they need to pay for interest. For example, if you have a high balance on a reward credit card at 23% APR, you can transfer the debt to a balance transfer credit card with a lower rate during the introductory period, so you can save money on interest and pay down your debt faster. However, you can only transfer an amount up to your credit limit on the new credit card.                

What are the benefits of balance transfer credit cards?

Low balance transfer APR

Low balance transfer APR can help you to pay existing debt faster. This is because you can get a low promotion or introductory APR to pay the balance within a specified time frame.

Low introductory APR

This may help you cut time which takes to reduce your debt and save money on interest.

Easy to keep track of your payment

Consolidating all of your balances on to one card with a low introductory APR instead of paying multiple credit cards on multiple due dates, means you only have to keep track of one payment a month.  

What do you need to apply for a balance transfer credit card?

Credit score

The issuer will review your personal credit history when determining whether to approve your credit card and what terms you are eligible for. Responsible past use of credit will maximize your chances.

Application

You can apply for a store credit card online, in banks or by email depending on the card. And you just need to fill in your personal information and submit your application. The credit card issuer will consider your credit reports and several different factors when reviewing your application to get an idea of your creditworthiness.                

How to use a balance transfer credit card?

Read your credit card terms and conditions.

This will give you an idea of how you can earn rewards, when rewards will post and other information. Check if the introductory APR offer and the introductory balance transfer fee apply only to the balance transfer, regular purchases, or both.

Pay down the debt

Avoid just chasing 0% balance transfer offers or keep bouncing balances from one card to another. Try to find a great balance transfer offer and making a plan to pay down your debt as soon as possible.

How to complete a balance transfer

When you respond to a balance transfer offer, you can indicate the account numbers you want to pay and how much you want to transfer.

After you get approved for the balance transfer, the new credit card issuer will contact your creditors or billers on your behalf and pay them the amount you want to transfer. This processing maybe takes up to two weeks.

If you have any payments due before that time, you have to make those payments by their due dates in order to avoid late fees.                

About creditcardtw

About three-quarters of Americans have at least one credit card,In fact, the average person has 3.4 cards. But whether you have a wallet full of plastic or have never charged a purchase in your life, you should know how to apply for a credit card the right way when the time comes. getting approved for a credit card requires proactive planning that should start long before you apply. That's why creditcardtw born, we aim to help you to find the right credit card, and then successfully apply a credit card.

How To Apply For A Credit Card

Credit card applications are straightforward, but you'll need to meet some minimum financial requirements to get approved for the best credit card offers. Learn how to apply for a credit online and what to expect after you click submit.

  • Knowing your credit score and what's on your credit report can help you determine what products to apply for. If you have fair credit, for example, you may not want to apply for a card that clearly states that only applicants with excellent credit will be approved.
  • If you don't have good credit, you may find it difficult to get approved for a card with a large sign-up bonus and a lucrative reward structure. Each credit card application ends up on your credit report, so the Nerds recommend using our credit cards comparison tool to find a card that fits your credit profile before applying.
  • If the card allows balance transfers, you may request to have balances transferred from other credit card accounts to the new card.
  • To apply for a credit card in the US, you’ll need a valid Social Security number and a positive credit history. The best rewards credit cards may require at least three to five years of good credit history, and some more than seven.

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