Whether you want to transfer a credit card balance from one card to another, or maybe you have a car loan that’s around $15,000 at 7% interest. No matter what it may be, you’re going to find that you want to transfer it to a 0% card and I don’t blame you!
Now, before you start your search and apply for the first card that you see, let’s work out a solution that you can use, if you’re looking to find the best card. There are so many cards out there, you’re not going to just want to settle for the worst one that’s out there.
First, how much are you going to transfer? Are you transferring $1,000 or $20,000? Banks are going to have limits, so you may want to call before you do anything.
Next, when can you pay the whole loan off? Make a plan and figure out when you can pay the whole loan off. You will find that many cards out there are only going to give you loans for about 6-12 months, which isn’t that long. Gone are the days where you could get a lifetime balance transfer.
You’re going to want to make sure that these cards don’t have any fees either. A balance transfer based card is generally going to have a transfer fee. This fee is going to be for the balance that you send to the new card. For example, let’s say that the balance transfer fee is 5%. If you’re going to transfer $10,000, they are going to charge you $500.
How can I find a 0% APR Balance Transfer card?
It’s really not that hard. What you’re going to want to do is call up the banks that you work with. If you don’t want to call, you can go to their website, or head into the branch. See what they can do for you. These are generally the banks that are going to be able to help you.
On top of that, you may want to check online, because a search can take you a far way. See what other credit card companies are offering. You may find that one bank has a better and longer term than another.
By following these tips, you’re going to find out that you will be able to find a card that works for you. This is a great way to save on interest.
Find a 0 APR Balance Transfer offer today. I’ve highlighted the best offers that you can apply for right now.