Balance Transfer varies from bank to bank..for e.g one bank may charge processing fee as 1% and other may 2 or 3% and you should be careful about interest options like 0% for 2-3 months, and again interest will vary 0.99 to 1.75% for more than 3 months options..so one should analyse carefully all these and go for balance transfer..and it is very good option available for the credit cards to get some extra time to pay all the total due...but dont rollover more...where again u will be paying extra amount for processing fee and interest charges..and finally to take balance transfer one should have atleast two credit cards from two different banks...of your own :)....I hope it helps you. Best wishes..Shaik Mahaboob.
Balance Transfer varies from bank to bank..for e.g one bank may charge processing fee as 1% and other may 2 or 3% and you should be careful about interest options like 0% for 2-3 months, and again interest will vary 0.99 to 1.75% for more than 3 months options..so one should analyse carefully all these and go for balance transfer..and it is very good option available for the credit cards to get some extra time to pay all the total due...but dont rollover more...where again u will be paying extra amount for processing fee and interest charges..and finally to take balance transfer one should have atleast two credit cards from two different banks...of your own :)....I hope it helps you. Best wishes..Shaik Mahaboob.
