Why get a balance transfer credit card? When choosing the best balance transfer card for you, it may help to consider the benefits of a balance transfer first. Borrowers often transfer high interest credit card balances to a different card to save on interest charges. However, there are other...
What is a credit card balance transfer? A balance transfer is a transaction where debt is moved from one account to another. For example, you may want to move debt that has a higher interest rate to a credit card with a lower interest rate to help you save money. How do credit card ...
Balance transfer fee:You pay this upfront fee to transfer the debt to your new card. Most balance transfer cards charge around 3% (or $30 for every $1,000) transferred, but it can run as high as 5%. If you're not sure if transferring the debt will make financial sense once you've...
You should decide if you're willing to pay an annual fee for a card since this can help narrow down choices. Rewards cards can have annual fees of up to $550, which can be worthwhile, but not for everyone. Do the math to see if an annual fee is within your budget and if it can...
Best for Preferred Rewards members: Best overall balance transfer card: U.S. Bank Visa® Platinum Card The U.S. Bank Visa® Platinum Card is particularly well-suited for those looking to consolidate and pay down debt over an extended period without the burden of additional interest. ...
By comprehensively understanding the concept of balance transfers and the potential implications for your financial well-being, you can make informed choices when navigating the process of initiating a balance transfer on your HSBC credit card.
If the sheer number of card choices is making your head spin, you are not alone. Follow these six steps to pick the right rewards card for you: Compare credit card rewards programs. Calculate your rewards-earning potential. Factor in sign-up bonuses. Determine the value of points and miles...
Why you'll like this:Its top-tier flat rewards rate and remarkable intro APR offer make it useful as both a balance transfer card and an all-purpose rewards card. Reward Details What you should know Card Details Best for flat rate
Credit Card Issuer Options You almost have an embarrassment of riches when it comes to choosing a credit card. There are so many choices, including cards from many different credit card issuers. There are also four different credit card network processers that offer varying benefits and fraud pro...
Need a payment card? Check out the best prepaid debit cards. Selecting one of the best balance transfer cards could help reduce your monthly payments. If you need to consolidate high-interest debt, consider our ranking of the best personal loans. Debt relief companies work with you to resolve...