Racking up a balance on your old credit cardA popular way to manage debt is to transfer the balance on an existing credit card to a balance transfer credit card with a low or 0% APR.
Being unaware of the balance transfer feesMany people fail to consider the balance transfer fees when getting a balance transfer card.
Balance Transfer Credit CardsThe best balance transfer credit cards can help you take control of your debt.
Conversely, when you open a balance transfer credit card, your total credit limit will increase, lowering your credit utilization ratio.
Neglecting to shop around for the best offerPeople with credit card debt will sometimes jump on the first credit card balance transfer offer they get.
Persons:
—, I've, DJ Jack, you've, Jack, Wells, you'll
Organizations:
Service, Chase