Man Stressed - Balance Transfer over Personal Loan for Debts

If you find yourself buried in credit card debt, it’s only natural to compare your many options for making things better in the months to come.

This may lead you to compare the benefits of a balance transfer to those of a personal loan.

While you may initially struggle with this decision, there are several reasons why using a balance transfer credit card is the better of the two choices. Here is what you need to know:

  • Zero percent interest during an introductory period. A balance transfer gives you the ability to carry your debt, without interest, for a period of 12 or 18 months (typically). With a personal loan, you begin to pay interest on day one.
  • Faster application process. Do you really want to wait around while the bank decides if you qualify for a personal loan? With each passing day, you become more frustrated with your situation. When you opt for a balance transfer credit card, you may be able to get the wheels in motion today.
  • Additional benefits of a credit card. Once you pay down your debt, you will still have access to a credit card that is packed full of benefits. This includes everything from potential reward points to online account management and much more.

When you think about these three details, it’s easy to see why choosing a balance transfer over a personal loan may be the best decision you can make.

It’s always a good idea to learn more about all your options, as this is the only way to know for sure that you are making the right choice.

In the end, if you determine that a balance transfer credit card is the way to go, find the right offer and get the ball rolling. This could be the first step towards a debt free life!


Having trouble finding a balance transfer card? We would love to show you more balance transfers, however banks control which cards are allowed on certain pages. We recommend that you view balance transfer credit cards at CreditWeb for more options.

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