What are the Benefits of Balance Transfer Credit Cards?
Applying for balance transfer credit cards is a smart fiscal move by any consumer. If you are carrying a balance on a regular credit card, with high interest rate, you can transfer your balance to a balance transfer credit card and pay down your debt quicker. You can transfer your balance and pay a low APR or 0% APR for one year, allowing you to whittle down your balance and save money on interest charges. However, while this is a fiscally smart move by the consumer, it is not always possible. Depending on your credit history and the size of the balance to be transferred, you may have a hard time finding a bank to transfer your balance to. It all depends on your balance and credit history. What is 0% APR with Balance Transfer Credit Cards? Annual Percentage Rate, or APR, is the interest rate applied to a credit card. Basically, it determines how much interest you are going to pay on your balance over the course of a year. The APR on a credit card can range anywhere from 3% to near 20%,
