You have probably come upon this page because you have been looking for a list of credit cards to which you can transfer your credit balance. If you're just scanning around looking at different types of credit cards, this site will still be of use to you after you get a card.
What is a Balance Transfer Credit Card anyway? Well, it might be a good idea to understand that first. This is going to sound really obvious, but bear with us: a Balance Transfer Credit Card is a credit card that takes on the balance of the credit debt of another credit card. The idea behind this action is that you can move the debt you owe on one credit card to another card that has a lower interest rate. To look at it simply, it reduces the amount of money you owe, making it easier to pay off the card, and raises your credit score.
Of course, whenever it comes to credit cards, it is never just that simple. You need to make sure you are moving from a high interest card to a low interest card or you will be paying more money in the end. You also want to keep a close eye on the balance transfer rate of your original credit card. If you've never heard of a balance transfer rate, it is an amount of money you have to pay in order to complete your balance transfer. You will usually have a zero percent balance transfer rate on most decent cards that will last anywhere from six months, to a year, to a year and a half. This rate is advertised, of course, to get your attention, but one day you may wake up to see a titanic percentage staring at you after that short period of time ends. A balance transfer rate can vary as dramatically as a credit card's overall APR, so do your research before you ever consider attempting a balance transfer.
When you feel that you are ready to make a balance transfer, your credit score should be higher than it was when you got the card from which you are transferring. If you play your cards right (credit card humor) your credit score should increase even higher, something you desperately want. Just be sure to make all of your payments on the new card as well as possible. This should actually be easier because you are consolidating debts into one payment.
Talking about credit scores, you will only be eligible to make a credit card Balance Transfer when you have at least good credit. If your credit score does not look so hot, your card issuer may not approve of it. At the same time, your score does not need to be stellar either, so don't worry too much. Also, nearly all credit card issuers will offer a balance transfer to anyone eligible enough to have had and still get a credit card. There is a lot more to be aware of when it comes to credit cards and transferring your credit debt, but those are some good things to remember before taking action.