Find the Interest Rate of Your Dreams and Do a Credit Card Balance Transfer (cont.)
Contributed by Annie Bauers
How can I find someone who will transfer my credit card balance?
a good place to look for a credit card with a low interest rate to transfer your balance to is online. If you go online and look you will find a number of different sites that will have offers for credit cards that you can transfer your balance to. there are even some web pages out there that have a number of different cards listed with rates, membership fees and other promotions they offer all there so you can easily shop for a card and compare all of the different offers.
Be a wise consumer and always take the time to shop for the lowest interest rate you can secure. You will save yourself a lot of money if you do.
Why would a company let me transfer my credit card balance to their card?
The reason that credit card companies will offer you a balance transfer is to get your business. The credit card industry is very competitive and if you transfer your balances and pay them a lower interest rate to them they are still getting business they wouldn't have other wise. In other words they would rater collect a little interest than no interest. This is good for you because you will save money with a low interest rate and it's good for them because they will get your business. Think of it as a win win situation for the company and the consumer!
