Transfer

Five Best Balance Transfer Credit Cards Balance transfer deals may not be as widely advertised as they were a few years ago, but there are still some good deals out there. These five cards provide very low interest rates for long periods, no annual fees, and low or no balance transfer fees. But you must have excellent credit to qualify for any of these best balance transfer credit cards. 1.  Citi Platinum Select MasterCard If you qualify, this card offers a zero-percent interest period of up to 18 months; after that, the interest rate is just 9.99 percent. The balance transfer fee is just three percent, and there's no annual fee. That offer is hard to beat. But remember: you only get those terms if your credit history is super clean. In addition, the card offers a $30 statement credit if you spend $30 in the first three months.  That will cancel out some of your balance transfer fees . After the Citi Platinum Select Card, this card has one ...

How Does a 0% Balance Transfer Work? A balance transfer is a credit card transaction where you move, or transfer, all or part of the balance of one card onto another credit card. Some credit card issuers offer special promotional interest rates on balance transfer to entice new customers. The 0% APR balance transfer is the best of all balance transfer promotions because you will pay no interest on the balance transferred during the promotional period. You typically need to have good to excellent credit to qualify for 0% balance transfer credit cards. With a 0% balance transfer, your interest rate on the balance transfer will be 0% for the entire promotional period. By law, promotional periods must be a minimum of six months, but many credit cards offer much longer promotional periods. That means you won't pay any finance charge on the balance transfer until the promotional rate expires. For example, if your balance transfer has a 0% interest rat...

How Does a 0% Balance Transfer Work? A balance transfer is a credit card transaction where you move, or transfer, all or part of the balance of one card onto another credit card. Some credit card issuers offer special promotional interest rates on balance transfer to entice new customers. The 0% APR balance transfer is the best of all balance transfer promotions because you will pay no interest on the balance transferred during the promotional period. You typically need to have good to excellent credit to qualify for 0% balance transfer credit cards. With a 0% balance transfer, your interest rate on the balance transfer will be 0% for the entire promotional period. By law, promotional periods must be a minimum of six months, but many credit cards offer much longer promotional periods. That means you won't pay any finance charge on the balance transfer until the promotional rate expires. For example, if your balance transfer has a 0% interest rat...

How to Choose a Balance Transfer Credit Card A balance transfer credit card can help you pay off high interest rate credit card debt, but only if you choose the right credit card. Balance transfers can end up being costly, if they're not done right or done using expensive credit cards. Before you transfer a balance or even apply for a balance transfer credit card, make sure you compare credit cards to choose the best one. The Introductory Rate The Introductory Period The Regular Balance Transfer APR The Purchases APR Many balance transfer credit cards a low or 0% introductory interest rate for balance transfers. The introductory interest rate will reduce or eliminate monthly finance charges on your balance transfer for a certain period of time. The absence of a finance charge makes it easier for you to pay off the credit card balance. A 0% interest rate is ideal, but a low interest rate - like 2.99% - is good too. By law, promotional i...

Debt Consolidation Loan or Balance Transfer: Which is Best? Paying off debt is never easy. But a lower interest rate and smaller payments  can  lighten your load. When it comes to common consumer debts like credit cards and personal loans, two of the most popular ways to lower your rate include balance transfers and debt consolidation loans. So, which option is best? They both have advantages and disadvantages, but you can make an educated decision once you look at the fees to borrow and how your debt is set up currently. Credit Card Balance Transfers Transferring a balance using a credit card is easy, and ideally you can pay 0% interest on your debt (at least for a limited time). That helps stop the bleeding: your interest costs disappear, and 100% of each payment goes towards reducing your loan balance. Credit card balance transfers are most attractive when you know you will pay off debt quickly. However, you’ll need to pay attention...

                                                         What is a Transfer A change in ownership of an asset, or a movement of funds and/or assets from one account to another. A transfer may involve an exchange of funds when it involves a change in ownership, such as when an investor sells a real estate holding. In this case, there is a transfer of title from the seller to the buyer and a simultaneous transfer of funds, equal to the negotiated price, from the buyer to the seller. The term transfer may also refer to the movement of an account from one bank or brokerage to another. More examples The new government's policy is to transfer state industries from the publicsector to the private sector. It was his instinct for self-preservation...