Bad Credit Repair Discussion Forum - View Single Post - 10 Important Questions Before Getting a Balance-Transfer Credit Card

Hedwig · 01-08-2008, 01:56 PM

Much of this is good, common-sense advice. As in any business transaction, you need to read the terms and conditions of the offer and make sure they make sense to you, and that the offer fits your situation.

It is often hard to judge if you will qualify for the lowest rate until you apply, if it's something like a new card with multiple rates being offered. It never hurts to call and talk to a customer service rep before applying.

On balance transfer offers on existing cards, you will normally qualify if the offer was sent to you, unless your credit has drastically changed since the offer was made. As I mentioned, on new cards you may not know until you apply.

I often apply for the card, and after I receive it, if the terms are favorable, I will call and request the BT.

01-08-2008, 01:56 PM	#2 (permalink)
Hedwig Administrator Join Date: Nov 2004 Location: Greater DC area Posts: 7,283 Casino Cash: $1206339	Much of this is good, common-sense advice. As in any business transaction, you need to read the terms and conditions of the offer and make sure they make sense to you, and that the offer fits your situation. It is often hard to judge if you will qualify for the lowest rate until you apply, if it's something like a new card with multiple rates being offered. It never hurts to call and talk to a customer service rep before applying. On balance transfer offers on existing cards, you will normally qualify if the offer was sent to you, unless your credit has drastically changed since the offer was made. As I mentioned, on new cards you may not know until you apply. I often apply for the card, and after I receive it, if the terms are favorable, I will call and request the BT. __________________ The answer is 42!!