Compare Credit Cards

Question: I have excellent credit and want a balance transfer. how and where do i compare credit card offers?

(Posted by: Judith A on 2009-12-02 08:17:23)

It& #039;s confusing to sort out what the fine print really means and what& #039;s really the best deal. I& #039;m hoping to avoid balance transfer fees or at least minimize them. What& #039;s a good way to research and compare the ones that have better offers for people with good or excellent credit? Unfortunately, topfinusa4.notlong.com and ebiznus.com both look kind of spammy. Anyone else have a suggestion?

Posted by: Credit Expert on 2009-12-04, 15:31:01

Given that you have excellent credit, you may be able to get a very low or zero percent introductory interest rate on a balance transfer credit card. Before you fill out your new credit card application, make sure you can afford the standard APR associated with the card. This will be your rate once the introductory offer expires. You should compare credit cards based on other factors such as annual fees and reward programs and can do so by visiting CardHub.com.

Posted by: Avis on 2009-12-02, 09:27:04

Very useful info at freearticlesdb.com/ finance/ debt-advice-for-people-with-poor-credit.html

Posted by: Doctor Deth on 2009-12-02, 13:33:21

Good luck with that - credit card companies are raising fees and int rates and lowering credit limits - chances are - any new card you get, will not have enough credit limit to do a full transfer and you can forget about about zero % rates or NO fee transfers - plus, closing out an older card and getting a new one will hurt your credit score

Posted by: Bruce H on 2009-12-03, 12:11:55

Hi Judith Here 's a few things that you should consider: 1. Most (if not all) of the credit card companies offering 0% interest on balance transfers will charge you a 3% balance transfer fee. 2. Be aware that your monthly minimum payment amount will likely increase if the balance you transfer exceeds more than 90% of the credit limit on your new card. Therefore, your monthly minimum payment might rise from 2% to 4% of your outstanding balance. 3. Most zero percent interest offers only last 6 to 12 months. 4. If your credit is good, consider a credit card with a low interest rate offer (say 1% to 3%, rather than 0%) but with no balance transfer fee. And if you plan on paying off the balance quickly, this is definitely the best way to go. If you want more info check out this article on zero interest credit cards... debt-help-and-beyond.com/ zero-interest-credit-cards.html Best Of Luck Judith