Tips, News and Advice from Credit Card Assist

Balance Transfer Tips & Advice

All of the latest up-to-date news, tips and advice on balance transfer credit cards located right here. With regular updates and blog posts on how to get the most value out of balance transfers, pitfalls and dangers to look out for as well as recommendations on how to find the very best card offers available, the “Balance Transfer Tips & Advice” section of CreditCardAssist.com is the premier source for balance transfer information online.

Balance Transfers Can Benefit Consumers … But Only If They’re Disciplined

May 30, 2012

Many consumers are bombarded with offers for credit card balance transfers and many of the offers seem like a good deal. However, credit card companies do make money from the service, so consumers should be wary of jumping right in. Balance transfers allow consumers to move their high interest balance to a new card with […]

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Even After The CARD Act, 0% APR Cards Still A Slippery Slope

April 9, 2012

While America’s card issuers are being forced to take the country’s new credit legislation seriously, that doesn’t mean they’ve stopped fleecing their customers. Ever since the CARD Act passed in 2009, offers for 0% APR credit cards have actually become more, rather than less, prevalent. While balance transfer credit cards aren’t the fee-laden tiger traps […]

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Interest Free Balance Transfers Not a Practical Choice for Many

April 4, 2012

The managing director of Capitol One UK, Brian Cole, has come out against practices by many credit card companies looking to maximize profits through their interest free balance transfer offers. Although the offers appear to be a good way to lessen debt and to jump start a plan to pay down current debt, a mistake […]

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Are Those Sexy Balance Transfers Still a Good Idea?

January 10, 2012

Are you sitting on a large amount of credit card debt? Is the interest rate enormously high? If the answer is yes, then you’ve probably thought of transferring your debt to a different credit card with zero interest for a set amount of time.  While the experts have different opinions on transfer introductory rates, most […]

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Debt Collectors Create New Balance Transfer Programs to Go After Debtors

January 6, 2012

With the floundering economy, debt collectors are becoming even more creative with the ways they go after struggling debtors. One of the newest ways is by a so called “balance transfer programs”. Some debts are unenforceable due to the expiration of the statute of limitations. Since these debts are less valuable to debt collectors, the […]

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How Does A Balance Transfer Actually Affect Your Credit Score?

January 6, 2012

A question about balance transfers was asked on Yahoo! Answers. The question came from a person in the process of buying a home, and he or she was worried about any effects a balance transfer might have on their credit score. The card they wanted to transfer the money from had a balance of $1,300 […]

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Jury’s Still Out on Balance Transfer Day

December 16, 2011

Facebook users are at it again. This time it is a community effort to get people to ditch their high interest rate credit cards and find local credit unions and banks that offer 0% interest for a specific amount of time. December 11th was “officially” Balance Transfer day.

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Balance Transfer Day Set for December 11

November 25, 2011

Bank Transfer Day was held November 5, and organizers have called it a success, as Bank of America promptly withdrew their $5 per month debit card fee they had planned to unleash on customers. Now, however, many have set their sights on a new target – Balance Transfer Day. Organized by Music For Change: Financial […]

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Good Balance Transfer Offers Abound For Consumers

November 10, 2011

If you’re one of the many who carry bigger balances on your cards these days, you might just get a lucky break. Credit card companies are looking for people just like you to take advantage of their zero percent financing offers on the latest balance transfer credit cards. While those kinds of deals disappeared during […]

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4 Reasons You Might Want To Avoid Credit Card Balance Transfers

November 2, 2011

Let’s say you’re one of the millions of Americans with outstanding revolving card debt. Although you’re working to pay off your balance, it’s hard to pay more than the minimum every month, and the interest your balance carries is really starting to add up. Then, one day, you miraculously receive a credit card offer in […]

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