How Do You Transfer Credit Card Balances At A Fixed Rate?
Even when the interest rates on savings and investments decline, the rates on credit cards tend to remain stubbornly high. That is why it is important for consumers who carry a balance on their credit cards to look for fixed-rate balance transfer offers. With a fixed-rate balance transfer, consumers can transfer their high-interest credit card balances to a card with a more reasonable and affordable rate of interest. Watch your mail for credit card offers, and note the rate of interest being offered. Make sure the offer is for a fixed-rate card. Complete the application for the new fixed-rate credit card. Be sure to complete all the sections of the application, including your Social Security number and the requested information about your job and income. Look on the bottom of the credit card application for the balance transfer section. This section is generally located just above or just below the signature section. Check the box that indicates you wish to transfer an existing balance
