7 Things to Consider Before Getting a Balance Transfer Credit Card

Things to keep in mind when transferring your credit card balance. If possible, try to transfer the balance on your credit card from one card to another during Promotional Periods when introductory rates are extremely low.

Your credit score is also an important consideration. If your credit score is too low, you may be denied credit by the new card company. In addition, transferring your balance to other cards multiple times can negatively impact your credit score.

One of the main points to consider prior to transferring your credit card balance from one card to another is the APR (Annual Percentage Rate). Be sure that the APR on the new card will be lower than that of the previous card.
 
Be sure to find out if there are any Balance Transfer Fees. If so, make sure you find out what those fees are.

Read the full article here: 7 Things to Consider Before Getting a Balance Transfer Credit Card

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