Bank of America has the reputation for being one of the top credit card issuers in the world. For this reason, its balance transfer offers attract many consumers every year.
With a Bank of America balance transfer credit card, you can leave your high interest debt in the past. By taking advantage of a 0% introductory rate, you are in better position to eliminate your debt in a timely manner with Bank of America.
The key to getting started is to understand the process associated with a balance transfer. While Bank of America makes this as simple as possible, there are several questions you should answer upfront:
- Have you reviewed the many Bank of America balance transfer offers?
- Are you familiar with how long the introductory rate will last?
- Have you read the terms and conditions?
Once you answer these questions, you’ll find yourself in better position to take advantage.
Now that you understand the basics, it’s time to start the process. There are two ways of doing so:
- Transfer your balance online.
- Request a paper application from Bank of America via mail.
Either way, there are two basic steps that allow you to complete the transfer:
- Write down your account number and current balance.
- Contact Bank of America via phone or online to complete the transaction.
Note: although Bank of America has one of the simplest balance transfer systems, you may still have questions. Don’t hesitate to reach out to a customer service representative for assistance. Read the Terms and Conditions
You should never apply for a balance transfer credit card until you read the terms and conditions. This will ensure that you aren’t surprised by any details in the future. Pay close attention to:
- Fee structure
- Length of the introductory rate
Along with the above, Bank of America leaves itself some room to cancel your introductory rate. One common reason for this is making a late payment.
Reasons to Choose Bank of America
With several credit card companies to choose from, you don’t have to do business with Bank of America. However, there are reasons to consider this company. Above all else, BOA has a reputation for providing industry leading offers. Furthermore, the company provides offers for all types of people, making it easy to find what you’re looking for.
Cards Similar to Bank of America Balance Transfers
As the second largest bank holding company in the US, it’s tough to go wrong when you opt for a Bank of America balance transfer credit card. All you have to do is compare your options, choose an offer, and follow the simple process for completing the transfer.