How to Determine If a Balance Transfer Offer Is Worth Taking

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How to Determine If a Balance Transfer Offer Is Worth Taking – This is a place for the community to provide tips and advice on How to Determine If a Balance Transfer Offer Is Worth Taking. This topic was created by Paulbert and the tips are provided by the community. The tips you add here can be your own or referred from another site. The best tips are then ranked at the top when up-voted by members of the community.

Tip 1 - Should I Take Advantage of Credit Card Balance Transfer Offers?

Published: 9 years, 5 month(s) ago | Submitted by KILLYOURFACE | permalink

Dear Lifehacker, Every now and then I get these checks and offers in the mail for 0% or 2.99% balance transfers for my credit cards. I do have a balance on one of my other cards, which has a 12.99% interest rate, so 0% sounds good, but is there a catch? What do I need to look out for before doing this? You can follow or contact Melanie Pinola, the author of this post, on or .
Tags: Ask Lifehacker, Credit Cards, Debt, Debt Consolidation, Top, Lifehacker

For further reading: http://lifehacker.com/5849885/should-i-take-advantage-of-credit-card-balance-transfer-offers ^[1]

Tip 2 - How to Calculate Your Balance Transfer Savings

Published: 9 years, 5 month(s) ago | Submitted by Amy Tatman | permalink

Considering making a balance transfer to a low interest credit card? See how to calculate your potential savings to find out if it's right for you.

For further reading: https://www.discover.com/credit-cards/resources/balance-transfers/balance-transfer-calculator ^[2]

Tip 3 - Balance Transfer Credit Cards: Get The Facts Before Applying

Published: 9 years, 5 month(s) ago | Submitted by Audun A | permalink

Do balance transfer credit cards save you what they promise? Can they help you out of debt? Read this before you apply for a credit card balance transfer.

For further reading: http://www.moneyunder30.com/balance-transfer-credit-cards ^[3]

Tip 4 - What Is A Balance Transfer: How It Works, Credit Score Impact, Fees & More

Published: 9 years, 5 month(s) ago | Submitted by Rick Willimott | permalink

A balance transfer is a strategic way to lower debt costs & reach zero balance faster. Transfer fees & other pitfalls must be accounted for in order to save.

For further reading: http://www.cardhub.com/edu/balance-transfer/ ^[4]