What is a balance transfer? Is it a good idea? – Credit Card Insider



See our favorite balance transfer cards here:
https://www.creditcardinsider.com/editors-best-card-picks/the-best-balance-transfer-credit-cards-2016/

And learn more about balance transfers here: https://www.creditcardinsider.com/learn/balance-transfers/

Today’s video is all about balance transfers on credit cards:
– What is a balance transfer offer?
– Why would I want to transfer a balance?
– Is a balance transfer a good idea?

Balance transfers with 0% APR periods may sound like a great idea in the short term, but they’re only helpful in the long term if you have a solid plan for how you’re going to pay off the debt before the 0% period runs out!

See what your credit card offers say about your credit:
https://www.washingtonpost.com/rweb/biz/how-your-junk-mail-shows-if-youre-rich-or-poor/2015/10/19/64ef00c2a9dc4c874b6d846b617f99a6_story.html

http://www.bloomberg.com/news/articles/2015-11-17/why-credit-card-companies-keep-sending-you-mail

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