Balance Transfer Credit Card

Transfer credit card bill is a type of transaction in which you can move one credit card bill to a credit card from another issuer. A good reason to do a balance transfer is to benefit from a lower interest rate. But you do not have to transfer the bill just to avoid paying the credit card bill you.This can overload you with finance costly and lead to credit card debt.

Choose Your Profitable Balance Transfer
Before you make a balance transfer, make sure this is a good deal for your finances. Check the introductory interest rate and the introductory time period. Compare interest rates post-promotion with the retail interest rate on your current credit card. Make sure you understand what you need to do to qualify for a promotional rate balance transfer fee as well as knowing who may be charged. You also need to know if it's really going to save some money by doing a balance transfer.
Balance Transfer Credit Cards Can Affect Credit Scores
Transferring credit card bill could affect the credibility of scores. That's because a high credit card bill shows that you have more debt than you can handle. Before making a balance transfer credit card, make sure it will not negatively impact your credit score.

Make sure your Balance Transfer Success Guide
After you make the transaction balance transfer, do not forget your old credit card. Make sure you receive a bill with a balance of Rp. 0, - before you cancel or close the old credit card, if you choose this way. By checking this, if anything goes wrong in the process of balance transfer, you can find errors early. If there is an error in the transfer of your bills and credit card bills ignore long, you may miss payments and ended with the imposition of late fees / late charge.

Paying cash Balance Transfer
If you transfer to another credit card bill with a low introductory interest rate, the best way to pay the bill was settled during the promotional period. That way you will save more money for the payment of interest expense.

..