Credit Card Forums

[gscs]

I am a new credit card holder. I heard about credit transfer from a brouches sent along with my account statement.
I am wondering they offer a very low interest if you apply that service. Any one can give me advice is that the way when we can pay back our balance every month? Thank

[jnjblogger]

These offers can be good or bad. It is good to have a lower interest rate, as that will help you pay off your balance faster. Unfortunately, many of these offers expire after a few months, and then the rate goes up. Be sure you understand if this will happen, and if it does, what the rate will be. You may find yourself in a worse situation than what you already are. Also read the fine print to see if there is a fee involved for the transfer. Often times it is a percentage of the balance you are transferring.

[CowAdmin]

These offers can be good or bad. It is good to have a lower interest rate, as that will help you pay off your balance faster. Unfortunately, many of these offers expire after a few months, and then the rate goes up. Be sure you understand if this will happen, and if it does, what the rate will be. You may find yourself in a worse situation than what you already are. Also read the fine print to see if there is a fee involved for the transfer. Often times it is a percentage of the balance you are transferring.

Very true indeed. Great advice!

[albert5]

Well….there are many ways of getting to a solution…may be the one you say is not the most appropriate one….but whatever….