{"id":285,"date":"2024-09-10T15:11:12","date_gmt":"2024-09-10T20:11:12","guid":{"rendered":"http:\/\/www.fcallc.biz\/blog\/?p=285"},"modified":"2024-11-23T08:25:31","modified_gmt":"2024-11-23T13:25:31","slug":"to-transfer-or-not-to-transfer-2","status":"publish","type":"post","link":"https:\/\/www.fcallc.biz\/blog\/?p=285","title":{"rendered":"To transfer or not to transfer"},"content":{"rendered":"<p><span style=\"font-family: Times New Roman; font-size: small;\"> <\/span><\/p>\n<p><span style=\"font-family: Calibri; font-size: small;\">Credit card balance transfers are very common.\u00a0 We usually think we are getting a good deal if we are offered a zero percent APR balance transfer.\u00a0 This is a great offer.\u00a0 However, too often we fail to think about the long term effects of a credit card balance transfer.<\/span><\/p>\n<p><span style=\"font-family: Times New Roman; font-size: small;\"> <\/span><\/p>\n<p><span style=\"font-family: Calibri; font-size: small;\">For example, can you avoid incurring new charges on the old card?\u00a0 For many people this is a difficult task.\u00a0 Additionally, what do you plan to do with the old card?\u00a0 It is recommended that you keep the account open.\u00a0 This helps build up your FICO score.<\/span><\/p>\n<p><span style=\"font-family: Times New Roman; font-size: small;\"> <\/span><\/p>\n<p><span style=\"font-family: Calibri; font-size: small;\">Other important factors to consider are whether you will get approved for the new card.\u00a0 Applying is the easy part. However, the challenge is getting the approval in the first place.\u00a0 Lastly, be sure to consider fees that will be incurred as a result of the balance transfer.\u00a0 Most if not all major credit card companies charge fees for balance transfers.<\/span><\/p>\n<p><span style=\"font-family: Times New Roman; font-size: small;\"> <\/span><\/p>\n<p><span style=\"font-family: Calibri; font-size: small;\">For more useful information on credit cards and balance transfers, visit the <\/span><a href=\"http:\/\/www.bankrate.com\/\"><span style=\"color: #0000ff; font-family: Calibri; font-size: small;\">bankrate.com<\/span><\/a><span style=\"font-family: Calibri; font-size: small;\"> website and search on credit cards.<\/span><\/p>\n<p><span style=\"font-family: Times New Roman; font-size: small;\"> <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Credit card balance transfers are very common.\u00a0 We usually think we are getting a good deal if we are offered a zero percent APR balance transfer.\u00a0 This is a great offer.\u00a0 However, too often we fail to think about the &hellip; <a href=\"https:\/\/www.fcallc.biz\/blog\/?p=285\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29,41],"tags":[],"class_list":["post-285","post","type-post","status-publish","format-standard","hentry","category-education","category-personal-finance"],"_links":{"self":[{"href":"https:\/\/www.fcallc.biz\/blog\/index.php?rest_route=\/wp\/v2\/posts\/285","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fcallc.biz\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fcallc.biz\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fcallc.biz\/blog\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fcallc.biz\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=285"}],"version-history":[{"count":1,"href":"https:\/\/www.fcallc.biz\/blog\/index.php?rest_route=\/wp\/v2\/posts\/285\/revisions"}],"predecessor-version":[{"id":286,"href":"https:\/\/www.fcallc.biz\/blog\/index.php?rest_route=\/wp\/v2\/posts\/285\/revisions\/286"}],"wp:attachment":[{"href":"https:\/\/www.fcallc.biz\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=285"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fcallc.biz\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=285"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fcallc.biz\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=285"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}