Are you currently interested in balance transfer credit card offers? There is no question that transferring a balance from a high interest rate card can save you a substantial amount of money.
And right now there is absolutely no question that there are millions of Americans that currently find themselves carrying high interest rate balances.
The recent economic recession and high unemployment rates have made the situation much worse.
Banks and lending institutions are raising interest rates and fees in order to make up for lost profits due to the high default rate.
This has left many Americans in an incredibly tight spot financially speaking.
One of the reasons that credit card issuers justify raising rates is that they will identify an account holder as a higher credit risk for default.
Now the ironic part about that is that in many cases because the cardholder's interest rates were raised they can no longer afford to pay them and they do in fact go into default.
Just a few short years ago balance transfer credit card offers were just about everywhere we looked.
The issuers used them to not only pick up brand new account holders, but to also take away customers from their competitors.
A very popular type of offer was a 0% APR for up to 12 months and in some cases even longer.
These offers are still around but not nearly as plentiful as they once were.
In order to find them and compare the features and benefits of each it is suggested that you use a reputable comparison website.
A quality site will have an entire category devoted strictly to balance transfer offers.
This will make it very easy to do a side-by-side comparison.
It must also be understood that many offers have either a low interest rate or a 0% interest rate for an introductory period.
These are great for paying down debt quickly but can also get people in trouble when they do not understand what the interest rates will be when the introductory period ends.
It can suddenly become quite expensive.
When doing a comparison you must also carefully read the terms and conditions of the offers as well.
This can be found in the disclosure statement and it will instruct you as to what the interest rates will be once the introductory rates expire.
You will also want to pay attention to fees, credit limits, grace periods, rewards programs details, etc.
, etc.