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Consolidate your credit cards with a balance transfer

Having more than one credit card is not unusual for many people anymore. It is quite normal to have two or even three credit cards in regular use and if you are the type of person who swaps cards
every few months to chase the introductory offers you could have small amounts owing on many more cards.

The problem with this is keeping track of all the different repayments that are due on different dates. One solution is to consolidate credit cards with a balance transfer introductory offer.

Many credit cards offer a 0% APR on balance transfers for the first 12 months. You are able to transfer all the small balances of your credit cards over on to the one new credit card.

This will allow you to make just one repayment every month, and there will be no interest charged against the total capital that you needed to borrow in the first place.

If you are able you should obviously try to pay as much of the balance as you can during this time because this way you will be left with nothing to pay when the introductory period lapses.

Depending on the credit card you chose the interest on your credit card would then go to the full interest amount. With some credit cards it may be that the interest rate will be stepped so that it gets gradually higher.

Consolidating credit cards in this way dose mean you will have to apply for another credit card and when you receive this new card you should cut up and cancel your old accounts to prevent you from running to the
limit again. By doing this you should be able to keep tight control over your credit cards and the credit you have borrowed.
 

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C. L. CLARK Is a successful publisher of http://www.first-in-credit-cards.com Webmaster you may publish this article provided you leave the link in place