If you are feeling burdened by credit card debt and are struggling to make high monthly payments, you may not have considered the benefits of credit card balance transfers. Even if you have considered the possibility of transferring your current credit card balance to a card offering a low or zero introductory interest rate, you may not know how to go about it. This can especially be the case if you've been making your payments late and feel that no other financial institution would take you on. The problem with this approach is that you are denying yourself the opportunity, not the banks. They may be more willing than you expect to accept your business. Let them be the ones to decide. As long as you haven't completely defaulted, you are still in with a chance.
You can 'let your fingers do the walking' and phone local banks and other financial institutions to inquire about current offers. You can also do an internet search and begin to sift through a plethora of information. However, if you want to find the best offers for credit card balance transfers easily, find an all-in-one online service that provides a selection of the most valuable introductory credit card offers. They have already filtered out the least beneficial offers which makes it easy for you to examine a smaller, but excellent range.
To make it even easier, many such services also offer online applications for credit card balance transfers. You can do everything from your own home at any time of the day or night. Since your time is a precious resource, this convenience is a gift not to be underestimated.
The different categories of cards on offer include rewards cards, business, student, pre-paid and secured cards, and these will come from a wide variety of issuers and banks. Credit card balance transfers can be within these separate categories if this is convenient for you, or they may be made across these categories as your needs may vary from time to time.
If your online application is approved, you may wish to avail yourself of an alert service which reminds you when your introductory interest period is coming to an end. This will give you time to find and apply for another low or zero rate card with yet another introductory period. By doing this continually, you will never have to pay interest on your credit cards or only very low interest if you choose a low rate rather than zero interest card.
Used in this way, credit card balance transfers can be used as a debt management and debt reduction tool. However, for this approach to be effective you will need to pay at least a proportion of your interest savings off your card so that your balance goes down and you eventually pay it off. A good comprehensive online service can make it easy for you to achieve your financial goals by utilizing introductory credit card offers. It's an unusual but smart approach. Why wouldn't you take advantage of it?
