FAQs on Balance Transfer Credit Cards

Here are the answers to some of the most commonly asked questions about Balance Transfer credit cards and our services.

Who is Balance Transfer?

Balance Transfer is a leading provider of diversified financial services. They offer everything from Balance Transfer credit cards to home loans. They have operations in the U.S., Canada, and the U.K.

Why should I look into Balance Transfer credit cards?

Balance Transfer offers some of the best credit cards in the industry. Although it is just over a decade old, Balance Transfer has already become a Fortune 500 company. Balance Transfer credit cards come with a sterling reputation, excellent customer service, and a staggering selection.

What's an APR?

An APR is an annual percentage rate, or interest rate, that represents the cost of credit. This is the rate with which your finance charges are calculated. Usually, credit cards come with multiple APR's (purchases, balance transfers, cash advances, default/penalty, etc.). APR's can be fixed or variable, with variable-rate APR's tied to the Prime Rate published in the Wall Street Journal.

Which of the Balance Transfer credit cards is right for me?

This will depend on three basic factors: your credit, how you intend to use your card, and what you want from a card. People with above-average or excellent credit will qualify for different cards from those with poor or limited credit histories. How you use your card is also critical to deciding on the right card for you. For people who carry a balance, APR's might be especially important. Finally, the right card for you will also depend on what you want from a card. If you would like to earn free flights with your card, for instance, a travel rewards card might be best.

Are there Balance Transfer credit cards for people with bad credit?

One of the great things about Balance Transfer is that they offer credit cards for people from all kinds of credit backgrounds. If you have limited or poor credit, Balance Transfer has special credit cards for your situation. These cards might be prepaid or charge an annual fee.

Should I read the fine print of my card agreement?

Yes! The fine print of your credit card agreement will tell you crucial information, like what your APR's are, what fees you will be charged and when, how long your grace period is, and how your balance is calculated. If you know these things up front, you won't be caught off-guard by charges down the road.

How can I get a credit limit increase?

With most Balance Transfer credit cards, you can contact customer relations and request a credit limit increase via an automated telephone system. It's quick, easy, and secure.

Do I have to pay my bill in full every month to earn rewards?

For Balance Transfer rewards credit cards, you earn rewards on qualified new purchases as long as you pay the minimum payment by the due date.