Secrets to using a balance transfer credit card

Despite the credit crunch, many card issuers still offer a zero percent introductory rate on balance transfers and purchases. If you’re dissatisfied with the card you presently carry, consider a card like the Discover® More® Card which is currently offering 0% intro APR on purchases for 6 months (then the variable purchase APR of 11.99% – 20.99%) as well as 0% intro APR on balance transfers for 18 months (then the variable purchase APR of 11.99% – 20.99%). Additionally, you can get 5% cash back in changing categories like travel, gas, groceries, restaurants, home improvement stores and $0 fraud liability plus automatic mobile and email fraud alerts. The better your credit score, the better your rate will be, but at least you’ll get zero percent interest on your balance transfer for a year and a half!

Another possibility is that your credit score dropped from the minimum your current card issuer required for the zero percent rate. Make sure you know what your credit score is by checking out GoFreeCredit.com.

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