The 0alance Transfer Credit Card- Get One Today!
Have you recently received a 0 balance transfer credit card offer? Before you sign on that dotted line, it might be a good idea to read this article. Why? There are lots of things hidden within credit card offers that may come back to bite you later.
Credit card companies never give anything away for free - this is the number one thing to remember. Thus, that great offer might not be all that it appears to be. How do you find out? Well, there are a number of ways. First, make sure to read all of the print that goes along with that offer.
While the documents that a new credit card company will send along with that 0 balance transfer credit card offer might seem rather lengthy (and they are), it is always a good idea to read them in detail. Often, credit card companies will bury important details within those contracts.
If you sign the contract without reading the print, then you will have no choice but to go along with the rules and details included in that contract. There is no rush to transfer your balance (no matter what they might tell you), so take your time to read the entire thing.
Next, be aware that you might not be able to transfer an entire balance. Even though that new company promises a 0 balance transfer credit card offer, this may not be possible. If the credit limit on the new card is lower than the amount owed on the old card, the entire balance will not be transferred.
This means that you'll wind up with two cards to pay. In addition, your new card might just barely cover the amount owed on the old card. This means that you will have to go without credit for quite awhile.
Aside from these 0 balance transfer credit card offer complications, it's also a good idea to ask about introductory periods. You may find that the new credit card company will only offer zero percent for a limited amount of time.
After this time period has passed, that rate will likely climb to a higher amount. In the end, a zero balance transfer might not be a good idea.
Then again, some of these transfers can actually work out for the best. Read the fine print, make sure that you understand the contract, and then try to determine whether or not this kind of offer will work for you . . .
Credit card companies never give anything away for free - this is the number one thing to remember. Thus, that great offer might not be all that it appears to be. How do you find out? Well, there are a number of ways. First, make sure to read all of the print that goes along with that offer.
While the documents that a new credit card company will send along with that 0 balance transfer credit card offer might seem rather lengthy (and they are), it is always a good idea to read them in detail. Often, credit card companies will bury important details within those contracts.
If you sign the contract without reading the print, then you will have no choice but to go along with the rules and details included in that contract. There is no rush to transfer your balance (no matter what they might tell you), so take your time to read the entire thing.
Next, be aware that you might not be able to transfer an entire balance. Even though that new company promises a 0 balance transfer credit card offer, this may not be possible. If the credit limit on the new card is lower than the amount owed on the old card, the entire balance will not be transferred.
This means that you'll wind up with two cards to pay. In addition, your new card might just barely cover the amount owed on the old card. This means that you will have to go without credit for quite awhile.
Aside from these 0 balance transfer credit card offer complications, it's also a good idea to ask about introductory periods. You may find that the new credit card company will only offer zero percent for a limited amount of time.
After this time period has passed, that rate will likely climb to a higher amount. In the end, a zero balance transfer might not be a good idea.
Then again, some of these transfers can actually work out for the best. Read the fine print, make sure that you understand the contract, and then try to determine whether or not this kind of offer will work for you . . .
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