Let’s look at balance transfer credit card offers in the context of highly competitive credit card industry. What are the benefits and how much attention should you pay to this option?

Balance transfers mean transferring all or part of the balance from many accounts to another account in another or the same financial institution. Relating to credit cards, it usually means transferring your debt from one or more cards to another card, ideally requiring a lower interest rate. T Read more…





Saving money and credit cards are words that typically don’t belong in the same sentence. For many of us, myself included, abusing credit cards has led to financial headaches. I, for example, found myself buried in nearly $20,000 of credit card debt soon after graduating college. I’ll never forget the fear I felt when opening credit card statements back then; it was a stark reminder that I was so broke it would take winning the lottery just to get back to even.