Balance Transfer Credit Cards: Are They Right For You?

If you are carrying a balance on one or more credit cards you already have, you may want to think seriously about applying for a new 0% balance transfer credit card offer.
Now you may be wondering how an issuer can possibly offer 0% balance transfers on credit cards, but it?s true. Many leading banks offer interest free balance transfers. That?s right, you can transfer balances from your current credit cards onto the new card that you apply for and pay 0% interest on the balance for up to 12 months. What?s more, some programs have absolutely NO fees to make the transfer, though you must qualify by having excellent credit. Other programs charge a 3% fee of the amount you transfer, but many banks commonly cap the fee at $75. That means that transferring more than $ View the rest of this article