0 Balance Transfer Credit Cards

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I am trying to get out of debt and I want to transfer my credit card balance over and pay it off ASAP.

Best Answer

Try this link: http://www.bestcreditrates.net/

Best Answer

don't think so but when i transfered my first balance to my barclay platinum card it was free although t & c's said the fee was applicable

I have a line of credit at a bank at about 16% APR. Can I transfer that balance to a credit card to get a lower APR, or even a 0% APR using a balance transfer offer? I have a credit score of 650 (which I have read on the internet is considered "very good").

Best Answer

Well, maybe. Is your line of credit on a card, or is it an open line, or is it based on ownership of something (most lines of credit at banks are open lines based on a mortgage or ownership of a vehicle). I would say call the credit card you're considering using for the transfer and ask them. If they don't know, go and talk to the bank. Tell them the interest rate is too high, and you would like them to lower it because you have decent credit, you've been making regular payments, you have a job, etc. If they refuse to lower it, tell them you are considering taking out a cash advance on the credit card (another option you have) to pay off the entire balance, so they won't be earning ANY interest at all. If they still won't change the interest rate, take out the cash advance off the credit card (it should also have a low or 0% interest rate) and pay it off. There will be a fee to do it from the credit card company, but then you don't have to deal with the bank.

I'm wondering what FICO score I would need in order to qualify for a 0% APR Balance Transfer Credit Card like Chase, Discover, or Bank of America? Thanks!

Best Answer

there are full detailed explanations on all major credit cards including information about the required FICO score at CardLister.com http://www.cardlister.com/default.asp however, if you have not drastically hurt your credit score you should be fine.

Have any of you found a 0% balance transfer credit card with an introductory rate of 15 months? We just had to pay a huge amount of money for the IRS and would like to transfer the bill to a 0% card. We have a plan in place to pay it in 12 mths but would love the extra 3 mths as an emergency plan. don't want to keep transferring as our credit is excellent so don't want to ruin it by continuing to transfer balances but thanks.

Best Answer

Keep transferring!