But, super for the interest rate on the new card is lower doesn’t mean you’ll veritably unchain money with the balance transfer.
When you’re calculating the savings of a balance transfer, you have to additionally fancy about the balance transfer fee and any difference in annual fees with the two credit cards. What’s the Cost of a Balance Transfer? will succor you figure out whether it’s better to leave your balance where it is or move it to a new credit card.
More Reading:
Balance Transfer Basics
How to Choose a Balance Transfer Credit Card
A Balance Transfer Could Hurt Your Credit Score
How lots Will You recover With a Balance Transfer? originally landed on About.com Credit / arrears Management on Monday, November 16th, 2009 at 00:26:49.
Permalink | Comment | e postcard that
If you appetite to pay off your credit card balance at a lower interest rate and your card issuer won’t give you one, a balance transfer might be a welcome option.
Posted under Credit Repair
This post was written by admin on November 24, 2009
