Balance Transfer Credit Cards

It's a simple matter to transfer your outstanding balance to a balance transfer credit card. After you apply and receive approval, the company who issued the card will send you blank checks which can be used to repay your current creditors. These checks are drawn on the account connected to your balance transfer credit card and you'll then start making payments to this company rather than to your current creditors. Here's the real advantage - these companies will offer significantly lower interest rates; 12% or less for these balance transfer credit cards instead of the 18% or more charged by most credit card companies. Some even offer a zero interest introductory period, sometimes as long as a year for the balance transferred from other accounts.

What I learned is that once I wasn't spending more money on interest payments then I was on paying down the balance I owed, I started seeing that debt really shrink. It felt great to see that number shrink instead of staying more or less the same. And once I was able to make one last payment and get out of debt, it was an incredible feeling.

So where do you find these balance transfer credit cards? The best place is on the Internet, for a couple of reasons. First, the entire application process can often be completed online, making it quick, easy, and convenient to open up one of these accounts. Second, you can actually shop for the best rates online, since many websites post balance transfer credit card comparison charts that list interest rates as well as other account features, making it simple to choose the offer you like best.

Why go to the work of finding the best balance transfer credit cards when you can let someone else do the research for you? I found my account online, and opening it was one of the best financial decisions I ever made. Find your own financial freedom and get your debt under control with one of these accounts. Spend wisely!