Ways to maximize the benefits of credit card balance transfers, by knowing about the balance transfer APR

If you are applying for new card to transfer the balance using the low interest balance transfer, first always look for the cards that offer 0% APR on both balance transfers and purchases. This offer gives the flexibility to make the purchases and also to transfer the balances with 0 APR within the offer period. Usually you should look for the cards that offer 0% or low percentage APR for balance transfers, check cash advances and direct deposits. If you can't find such credit cards, then choose a card which offers the lowest APR for balance transfers, if your goal is only to transfer the higher balances from your other credit cards. Once you are qualified or got the approval for a card which offers the low APR only for the balance transfer, then make sure to transfer only the balances from the other higher APR credit cards and don't make any purchases using the specific card. Because if you make any purchase with the card used for promotional balance trasfer, then you will be charged the regular APR for the purchases. Make sure to read the credit card terms that will help you to understand the way payment will be applied towards the balances in your card, in case if you have any questions.

If you already have one or more credit cards and not willing to apply for a new one, then make use of the low APR balance transfers offered time to time by your credit card companies for the existing members. Usually credit card companies offer two types of low or 0 APR balance transfer options to the current card holders. One option would be to do balance transfer with 0 or low APR for a limited time, or the next option given is to transfer the balances with fixed low APR till the balances are fully paid off. These offers are sent by mail, or you can find about these offers by visiting your credit card account online frequently.

First step to find not only the balance transfer offers, but also any credit related information such as horrible credit credit cards is, to search the internet using the appropriate key words. Alternatively you can also visit the specialized web sites that have current updated information on 0 percent credit cards.