How To Apply For A Balance Transfer Credit Card

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<h1>How To Apply For A Balance Transfer Credit Card</h1><strong> Author: <a href='http://www.articleseen.com/profile_Elissa Joyce.aspx'>Elissa Joyce</a></strong><br /><p>A common practice of credit cardholders nowadays is to avail or to apply for a balance transfer credit card. This move promises to be very strategic, since it prolongs the maintenance of good credit standing by not compromising the consumers' credit history and credit score. It is a way to avoid paying high interest charges on your existing credit card. It has more advantageous terms and gives you relief in the long run. In order to understand clearly these stated facts. It is best to know some definitions such as what is this so-called credit history? Credit scores? Well then, a credit history is the timeline wherein an individual is summed up to be an excellent, good or delinquent payer of his or her credit. While a credit score is the statistical evaluation of one's credit capability, it is also a way to predict an individual's credit risk. A balance transfer credit card is available to take care of one's financial condition. Avoiding purchases and cash advances throughout the duration, and not exceed your credit limit while paying off your balance transfer/s. In doing so, one expedites the process of payment making it possible to clear off the outstanding balance. The following are the most common of the kind: - Low Interest or 0 Balance Transfer Credit Cards ? Offers 0% balance transfers, low annual percentage rate (APR) or a low fixed rate APR. - Instant Approval Card ? An instant response to a credit card application in less than a minute after submission of consumer information. - Balance Transfer Cards with No Annual Fee ? It saves the credit cardholder from annual credit card fees. - Cash-back Balance Transfer Credit Cards ? Gives back up to 5% on certain purchases especially when a credit card user is committed in paying his or her dues every month. - Gas Credit Cards ? Rewards you with points accumulated at a specific period (about a month which is customarily equivalent to one billing cycle) in exchange for gasoline and other car related acquisitions. It also offers regular rebates on other purchases. - Balance Transfer Credit Cards with Points Rewards ? Points are awarded to frequent credit card users, which enable them to exchange it for purchases or services from participating establishments. - Travel and Airline Credit Card for Frequent Flyer ? Points or "miles" earned after a time in using the credit card for purchases are redeemed and converted to avail airline tickets or acquiring travel rebates in hotels, car rentals, airport transfers and restaurants. On average, a credit score is vital in pre-determining the consumers' chance on whether or not he or she will get an approval for a credit card. Its basis are but not limited to reasons such as multiple credit card applications in succeeding occurrences over a brief period of time; the decline of a previous credit card application; delinquency in paying off credit card bills; spending till it reaches the allotted credit limit. One may choose to apply for unsecured credit cards for bad credit or with banks with secured credit cards. But in order to establish a shot in getting good credit options, the right move may lie with the latter. The deal here is that, it is not strict towards the credit cardholders' foregoing financial credit and history. Making it more accessible to supersede a consumer's tarnished credit rating.</p><strong>About the Author:</strong><br />Credit Land helps the consumer to understand and have the awareness in handling their financial circumstance. It also serves as a thrust for many who want to avail for <a rel="nofollow" href="http://www.economypedia.com/wiki/index.php?title=Applying_for_Credit_Cards">balance transfer credit card</a> and unsecured credit cards for bad credit. For more information please visit: credit-land.com<p> Article Source: <a href='http://www.articleseen.com/Article_How-To-Apply-For-A-Balance-Transfer-Credit-Card_103292.aspx'> http://www.articleseen.com/Article_How To Apply For A Balance Transfer Credit Card_103292.aspx</a></p>

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