How to Get Zero Percent Balance Transfer Credit Cards ?

By Charlie Gaston

  • Overview

    Getting approved for a zero percent balance transfer credit card can come in handy while as you attempt to pay down a large amount of debt. However, this is not the only benefit to having a balance transfer credit card. Card holders can save hundreds of dollars annually with a 12 to 18 month introductory term balance transfer credit card. With savings like that, card holders are opting for balance transfer credit cards to alleviate high interest rates and save money in the process.
    How to Get Zero Percent Balance Transfer Credit Cards ?
    • Step 1

      Do your homework. Use a website like Credit Cards, Bank Rate and Money Blue Book to compare zero balance transfer credit card offers. The Credit Cards website, for example, allows applicants to search balance transfer cards by credit quality, bank or issuer, and most popular balance transfer cards among other applicants. Money Market offers educational resources as well as a list of "No Balance Transfer Fee, 0% APR Balance Transfer Card" offers with at least a 6 month introductory period.
    • Step 2

      Evaluate your lifestyle to determine your needs. Compare zero balance transfer offers and determine if the introductory rate will extend beyond the period required for you to regain financial stability; if you are applying due to increased debt or require emergency credit, estimate how long the zero percent balance transfer fee and APR must be available in order for the card to work to your benefit.


    • Step 3

      Estimate how much time you need to get the balance down. For example, if you are in search of a particular card issuer, compare all offers based on the length of the introductory period being offered. If the zero balance transfer credit card only provides no balance transfer fee and 0% balance transfer APR for six months, but your family will require at least a year to get back on track, search for zero balance transfer offer with a 12 to 18 month introductory offer.
    • Step 4

      Apply for a zero balance transfer credit card. According to Money Blue Book, IberiaBank Visa Gold Cash Back Rewards Card, IberiaBank Visa Classic Card, Pulaski Bank Visa Card, and Pulaski Bank Gold Visa Card all offer a 0% balance transfer APR for 6 months with no transfer fee. Other credit cards are available are through the website, however each offer is based upon a preset introductory period that can extend from 6 to 18 months depending on the credit card issuer.
    • Step 5

      Meet the requirements. In most cases, applicants must have good to excellent credit to qualify for a zero percent balance transfer credit card. Some credit card issuers offer balance transfer credit cards to applicants with poor credit, but this will vary by credit issuer. To apply applicants must provide the following information: name, address, phone number, Social Security number, employer and proof of income.
    • Skill: Moderate
    • Tip: Always transfer a balance to a zero to low percent balance transfer credit card when you know you can pay down the balance and take advantage of the savings offered by the credit card.

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