How Do You Transfer Credit Card Balances With No Interest & No Payments?
One trick to get a break from paying credit cards is to transfer the balance from the old card to a new card. If you have good credit, you could theoretically apply for several cards and transfer your old card balances onto the new ones, thereby giving yourself several months in which you don’t need to make any minimum payments. Unfortunately, this trick usually only works for people who have “good credit,” which is a score of at least 650. Those will poor credit will have a difficult time getting new credit. Go to AnnualCreditReport.com to get a free copy of your FICO scores from each of the three major bureaus. You should have a score of at least 650 from each bureau in order to get approved for credit cards. Find your most recent credit card statements. Write down the name and numbers of your credit cards and the balances on each one. Go online and apply for credit cards that promise “zero percent interest for (X) amount of months.” Some websites that allow you to compare and apply
