0 Balance Transfer Credit Cards [bestcomputersprices.blogspot.com]

0 Balance Transfer Credit Cards [bestcomputersprices.blogspot.com]

creditcardcomplex.com and http ... 0 % balance transfer credit card and a low balance transfer fee of only .... This kind of deal very hard to find. Best BT Credit Card.. Save Money in Interest.

bestcomputersprices.blogspot.com Bank Of America - 0% Balance Transfer & No BT Fee - NEA - Best BT Credit Card.

About the SBT 0% Balance Transfer Offer IndexUpdated monthly, the SBT 0% Balance Transfer Offer index reflects the average fees and 0% promotional periods for a basket of 22 credit cards. These cards represent all banks with pertinent offers included ... Balance Transfer Credit Card Offer Lengths at Highest Recorded Level ...

0 balance transfer credits cards offer you attractive schemes to reduce and consolidate your debts. Suppose you have an outstanding debt of $ 15000 under Card A. You can opt for another card, say Card B, and can transfer the balance outstanding under Card A. The new company may offer you the balance transfer at 0%. That is, the transferred amount will carry nil interest. Sometimes the interest rate may be very less, varying between 0 to 5 percent. In fact this is a strategy devised by credit card companies to win customers to their brand of cards. This zero balance may be for initial period of a few months. Thereafter, the normal rate of interest will start.

With the balance transfer the credit limit of the new card will come down. That is, you had an outstanding debt of $ 15000 with Card A and the same has been transferred to the new Card B. The second card has originally a credit limit of $ 30000.

As the liability under the first card has been transferred to the second, the credit limit of the second has been reduced to the extent of the debt under Card A. That is, the credit limit of Card B has been reduced $ 15000. This is otherwise called consolidation of debt. That is, your liability under two cards has been consolidated in to one card. This 0 transfer facility can be utilized to maintain a good credit record. As you don't have to pay interest for the initial period during which the interest have been waived, you can manage your fund properly to maintain a good credit record.

If you want to transfer your balance in to the new credit cards, you need to apply to the new credit company for the same.

Then, on due approval, the new company will pay the liability under the old card and the amount will be transferred to the new one. However, you need to be extra cautious while applying for a balance transfer. After submitting the application and the approval and the then the amount payment to the first company and then the transferring of the debt to the second card-all this procedure will take 2 to 3 weeks. In the process, you may forget the payment due which might fall in between. This will result in a poor credit record. That will adversely affect your prospects when you apply for a new credit facility. Find More 0 Balance Transfer Credit Cards Topics

Question by kt90012: should i use a 0% balance transfer check to give myself money to invest? I have no credit card debt and am very stable financially. One of my credit cards has over a $ 24,000 credit limit. This credit card has just sent me 0% balance transfer checks. The maximum fee for using these checks is $ 75 and the 0% deal is until Dec 2007. Should i write one of these checks to myself for $ 24,000 and keep that money in a 5.05% cd for 9 months? I am confident I can make the miminum monthly payments without problems. I also have other credit cards I use normally (and pay off every month) so I don't have to rely on this one for anything. Does this hurt my credit in any way? Best answer for should i use a 0% balance transfer check to give myself money to invest?:

Answer by Wayne L.
If you know for sure you can do it, why not? But just becareful -

Answer by uknowme
Just be sure they don't require a separate purchase because then you're screwed.

Answer by ejwapner
you would make about $ 900, but it would take a bite out of your credit rating because part of your score is based on the total amout of your available credit that is being use, in your case 100%

Answer by Tim H
A balance transfer check is for a balance transfer not a cash advance. A balance transfer would be used to transfer the balance from another credit card to this new card. Usually credit card companies are not so lenient with cash advances.

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