Many cards offer the opportunity to transfer
balances from other credit cards other loans and even utility
payments. This lets the cardholder consolidate their debt
quickly and securely turning multiple bills into one manageable
payment. We list a variety of cards allowing balance transfers
from American Express, Bank of America, Chase, Citibank,
Discover and Pulaski Bank.
Our Assessment:
It is prudent and worthwhile to change from a credit card,
or cards with high APRs to a card offering a lower rate and
rewards as your credit worthiness increases. Transferring
balances at that time makes sense. Balance transfers should not,
however, be used as a short term method of avoiding interest
charges.
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