How to Get the Best Balance Transfer Credit Card

There are two categories for the best balance transfer credit card. The first is seen from a long period of credit card. The second is seen from the rewards that you can get. Which credit card do you choose, it depends on your needs and your financial condition.

The best balance transfer credit card is important for those who always carry balances from month to month in large amount. By this credit card, you do not have to pay interest. You only pay the principal outstanding bills, so you can save a lots of money. It can be hundreds or even thousands of dollars for one year.

But to choose the best balance transfer credit card for you, you need to research and compare them. The goal is that you really can get the maximum benefits.

 Choose Credit Card for 15 Months or 18 Months

If you carry a balance is very large, of course you need a credit card with a long period. For example, a card for 15 months or 18 months. With a long period, you can have a great chance to pay off your debt.

But you should make a debt payment plan from month to month. For example, how many times you will pay the bills, How much money will you pay each month, and so on.

The debt payment plan should you run so well that you aim to pay off the entire debt could be achieved. This is important because it determines your financial future.

If your balance is lower, you can choose a card for 15 months or shorter period than that. Why? Credit cards with shorter periods usually offer rewards like cash back or bonus. Meanwhile, the credit card with  long period as 18 months don't provides the reward.

Thus, the shorter period of credit cards is more suitable for you with a balance that is not too large. The important thing is you should make sure to pay off the entire balance before the free balance periode expired. Because after the period of 0 interest on balance transfers is over, you will be charged higher interest.