Balance transfer credit cards

Even if you understand the basics of a balance transfer credit card, you may not fully realize how this could improve your financial situation.

Only you know what’s best for your finances, but here are three times to consider using a balance transfer credit card:

  1. Carrying High Interest Debt

Do you have high interest debt on one or more credit card? If so, transferring the balance(s) to a balance transfer credit card could be the best move you make.

Although you’ll pay a fee to make the transfer, this allows you to avoid interest charges for a long period of time in the future (typically 12 to 18 months).

  1. More Than One Credit Card

If you have a balance on more than one credit card, you may find it difficult to stay organized. You may also realize that you’re paying more money in finance charges than you ever thought possible.

Through the use of a balance transfer credit card, you can bring all your debt under one roof. As a result, it’s much easier to remain organized in the future.

  1. Looking for a Change

Do you have a balance on your current credit card? Are you looking to make a change in the near future?

If you’re looking for a credit card that has more to offer than the one you currently carry, a balance transfer allows you to make a seamless transition. You don’t need to payoff your balance in order to make the switch.


These are three of the best times to use a balance transfer credit card. Of course, you may come across another situation in which it makes good sense to move forward.

Have you successfully transferred a credit card balance in the past? What circumstances lead you to make this decision? Share your thoughts and advice in the comment section below.

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