Financial surveys show that months with holiday seasons are times when most try to apply for credit cards. It is also after the holidays that credit card charges soar at the highest. In response to this marketing trend, credit card companies generously spend their marketing budget to attract new cardholders and to keep their old customers as well. How? Through credit card balance transfer offers.
By offering zero interest rate for balance transfers, even those who already have credit cards from other companies are attracted to open a new account hoping to pay off their charges at a less cost. Are you planning to apply for a balance transfer credit card as well?
If you are, then there’s nothing wrong with that. … (more) August 31, 2009

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See the average credit card debt by state along with other credit card facts. Click the image to see a full-size version.

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With so many people getting stuck in debt, credit card companies are finding new ways to make their offers more attractive. By introducing balance transfer credit cards, they can invite more cardholders, even if these people already own credit cards from other issuers. In fact, those who apply for a balance transfer credit card often own multiple credit card accounts.
As its name suggests, these credit cards offer 0% interest on balance transfers so a cardholder can move over all unpaid charges to this card and continue paying them off without incurring the monthly interest rate. If you currently have unpaid debts, should you get a balance transfer credit card?
With the right strategy, a balance transfer card can be a great … (more) August 30, 2009

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BSN Stock Photo Credit card consolidation is an ideal way to get your credit card finances back on track and the 5 main reasons why the consolidation of your credit card debt are highlighted here. Credit card consolidation is a common …

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Credit cards that offer 0% interest rate for balance transfers are growing in popularity. As more people get stuck in debt, getting a new card with 0% APR seems to be the easiest way to solve the problem. Nevertheless, before you do sign up for a new card, do not forget to compare your choices. Below are guidelines that you should consider when comparing balance transfer cards.
Length of the Introductory Period
How long can you enjoy your 0% interest rate? Some cards offer only 3 months for their introductory period while there are others that allow up to 12 months of zero 0% interest. Surely, it would be better to go with the credit card that offers the longest 0% interest … (more) August 29, 2009

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