Find Your Debt Relief Through Balance Transfer Credit Cards

Once this list is made, people should go back and look at introductory interest rates and introductory periods. Introductory interest rates are lower annual percentage rates that are generally used as bait to attract new consumers to a charge card account product. rcbalance These annual percentage rates can range from 0% to 6% and usually last between 6 and 12 months. Consumers should now take the higher introductory APR balance transfer credit card accounts off of the list that they made earlier. This should leave them with only a few offers.

Unfortunately, many people have found themselves in financial positions they never thought they would have to deal with thanks to the financial recession that we have been dealing with for the past few years. With credit card account bills mounting, many consumers have found themselves looking into the different debt relief options they may have. Not being ready to close charge card account accounts and take negative hits on credit scores, many consumers decide not to move forward with debt settlement or debt consolidation. However, what other option do these people have for charge card account debt relief.

One option that is often overlooked is balance transfer credit card accounts. I know what many people may be thinking. If you have charge card debt, why would you want another credit card? Well balance transfer charge cards although disguised as regular credit card accounts have special debt relief potential. As a matter of fact, balance transfer charge card accounts can be used as a form of debt consolidation that doesn’t require the closure of any charge card accounts! No that I’ve got you interested, let me tell you how this works.

First off, balance transfer credit cards have their name for a reason. These credit cards allow Americans to transfer balances from high interest rate credit card account accounts to the one balance transfer charge card. In most cases balance transfer credit cards will come with great introductory and long term APRs, however, there are a few things Americans should look at when shopping for balance transfer credit card accounts:

The first thing that Americans will want to look at when shopping for a balance transfer charge card for debt relief purposes is the long term APR. Although introductory interest rates are nice, they do not last forever. Consumers should make a list of the balance transfer credit card accounts they find with acceptable long term interest rates first.

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