Finding the Best Balance Transfer Credit Card Offers

If you are getting a new credit card, get the best possible deal you can get. Balance transfer credit cards are a favorite of many consumers for two main reasons. One, they offer the ability to transfer balances off other credit cards and put all your balances on one new card, thus decreasing the number of credit card payments you're making each month. Second, many of these come with a 0% introductory APR for a limited time, allowing you to pay off these balances without having to pay interest.




Generally, good credit is required to be eligible for a 0% APR balance transfer credit card, with the better deals going to the higher credit scores. If your credit scores are high due to good payment history, you can use this to your advantage when applying for credit cards and you can find the best possible credit card. Following are two things you can look for when searching for these credit cards.
 
The best card you can find offering the opportunity to transfer balances is one that offers you a low interest but not just for a few months- until you pay your balance off completely. If you have a regular bank where you get your credit cards, this is a great place to apply as they'll be familiar with your credit history. This type of credit card is usually reserved for those with excellent credit. If you can't get this card, negotiate for the longest 0% APR period and the lowest possible interest rate after the introductory period is up.
 
Another great deal you may want to look for is the credit card that allows you to transfer your balance to a fixed rate APR. Most balance transfer credit cards offer an introductory 0% or low interest for a designated period and then the interest rate takes a huge jump. With a fixed APR, you always know what your interest rate is going to be. When you have excellent credit scores, you have a great bargaining chip. If you're lucky, you may even be able to get the fixed APR for the entire time that you're paying off your balance. You may even be able to negotiate the credit card fees or get them to waive them.
 
In your quest for the perfect credit card, you'll find that there are a lot of great deals with balance transfer credit cards. When used correctly and with the right terms, they can really help you get ahead financially while still maintaining your good credit.
 
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