How to transfer a debt from one credit card to another?

I have about a $4500 debt on my bank of america card, only thing is the apr% is insane, my minimum payments are ridiculous this month was about $400, as a full time student this is reall hard to keep up with. I would like to transfer the balance to other credit cards, my only worry is that they wont give me a large enough limit. are there any that start off with $5000? is there a way i can split into two seperate cards? i need la low apr% too. does anyone have experience with this?

How to transfer a debt from one credit card to another?

you can call bank of america and ask for a lower rate - explain to them that you are a full time student and although you want to pay them you can%26#039;t afford $400 a month - being that they want the money they will probably work out a lower minimum payment for you and may even lower the interest rate

How to transfer a debt from one credit card to another?

Credit cards typically send checks which you can use to transfer balances with. But if you are a student, you might have a little trouble getting more credit cards. And your credit score might prevent you from getting a lower rate (unless you have steady employment) Look on the internet and see what is advertised there. Maybe there is one that is more student friendly.

How to transfer a debt from one credit card to another?

You could call BofA and ask them to give you a lower APR or you%26#039;ll transfer the money. They might do this just to keep you as a client. Do you get Credit Card offers in the mail? I know juniper bank gives a good balance transfer APR that doesn%26#039;t change unless you miss a payment. Most other cards will give you a low APR for 6 months to a year and then it goes up pretty high. Look around online at different credit card companies and see what deals they are offering. I don%26#039;t know how to ensure you get the credit limit you need, though.

How to transfer a debt from one credit card to another?

the amount of credit you get really denpends on your credit score and income.

you can find a good list of balance transfer cards, many with 0% for up to 15 months, at http://preferred.ecreditdirectory.com/ca...

How to transfer a debt from one credit card to another?

Transferring balances to a low interest credit card is a widely prevalent practice. But, is every available balance transfer credit card the same? A good look at the offers and you will find that some of them surely standout from the crowd. What makes them different and more lucrative? Here are 5 factors that will help you select a balance transfer credit card that will prove more beneficial than others.

1. Earlier it used to be 0% Intro APR on balance transfers for a specified period, but now it is gone. It is very rare to find a balance transfer credit card with 0 % Intro APR. So, the next best thign is a low APR for balance transfer. There are many credit card which offer balance transfer at APRs ranging from 4.5% to 7% for a limited period and a regular APR after that.

2. It is good to have a low APR balance transfer but if a credit card offers a low APRon balance transfer for a very short period of time, it is better to look for another. Low balance transfer APR for the life of balances is a good option to have.

3. Credit card companies do charge some fees for transfering the balance. This could be anything between 3-5% of the amount transfered. This balance transfer fees increase the cost of balance transfer. So, the ideal situation would be to have a credit card which doesn%26#039;t take any balance transfer fees.

4. Any balance that has been transferred has to be repaid, now what happens is that if you have done a balance transfer and miss one payment all the goodness of low balance transfer APR vanish and an instant high regular APR sets in. This can prove fatal for all the goodies you expected with the balance transfer. So, wouldn%26#039;t it be nice to have a balance transfer credit card which offers a grace period on repayment. Many credit card offer such facility and it%26#039;s definitely good to have one. Read more from: http://www.credit-card-gallery.com/credi...