Tag : balance transfers

Balance Transfer Credit Cards Are Best Friends And Worst Enemies Modest Money17 Comments

balance-transfer-cards

Hey everyone and welcome to the Monday Money of the week. Just in case this is your first time joining me today, I’m Joshua Rodriguez. I write on several financial topics every Monday hoping that my tips will help consumers save or make money. That being said, today, I want to address balance transfer credit cards. These offers have been popular since the day they were created and, continue to gain in popularity. They are a great option for the right consumer but, some of them have horrible cons that come along with the pros. That being said, here is why I always say balance transfer credit cards can be your best friend or your worst enemy…

How Balance Transfer Credit Cards Help People

These specialty credit cards were designed as a way for consumers who have great history of using credit cards and paying back loans to reduce interest rates and consolidate debts. Just like any other card, they are small, rectangular pieces of plastic with a thin magnetic strip on the back that attaches your card to your account and allows the lender to track purchases. Nothing special there right? The are 2 really special aspects…

Read more...
By : Josh Rodriguez | 22 Jul 2013
Tweet this article :
Modest Money
balance-transfer-cards

When Are Balance Transfer Credit Cards A Good Idea?

By : Josh Rodriguez | 17 Jun 2013

Hey everyone, thanks for coming back this week for Monday Money with Josh! This week, I’m going to cover another hot topic in the personal finance industry, balance transfer credit cards. Why? Well, they are great financial tools but, misleading posts online could lead consumers …

Tweet this article :
Modest Money
balance-transfers

Credit Card Balance Transfers Can Be Your Friend

By : Jeremy Biberdorf | 11 Dec 2012

In the past I’ve written about irresponsible credit card usage and how it benefits other cardholders. Used without proper care, a credit card can be quite dangerous. I’ve also written about how personal loans aren’t always bad debt. Just because something can be used irresponsibly, …

Tweet this article :
Modest Money