Jun
18

mastercard balance

mastercard balance

Let’s say that you want to transfer a balance and you want to get the best deal possible. Well, whether you want to transfer a car loan balance, or maybe you want to transfer another credit card balance, you’re going to find that there are going to be a lot of balance deals out there that you can take advantage of.

Check with your local bank

Head into your local bank. I don’t care if they are big, or small, they are going to be able to point you in the right direction. What you’re soon going to find out is that there are a lot of deals out there that you can take advantage of. What you’re going to want to do is ask them what kind of deals that you can take advantage of.

Look online for deals

Check with your favorite card companies, or if you want, check with message boards and more. What you’re going to find is that there are other people out there like you that are going to want to find a deal. See what kind of deals that you can take advantage of, when dealing with something like this.

What makes a great balance transfer promotion?

  • * More than 12 months – A good balance transfer is going to last longer than 12 months. If it’s anything under 12 months, you may want to look for something else.
  • * No fees - Some banks are going to charge you a fee to transfer your balance. This can add up! Let’s say that the fee is 2%. If you’re going to transfer over $5,000, you’re going to pay a $100 fee.
  • * High limits - Since you’re going to want to transfer over your balance, you may find that you’re going to want to transfer over a lot of money. Make sure that you can transfer over a higher sum.

Are you looking for the great and latest balance transfer promotion? If you are, let me point you in the right direction to find a good deal

I have an Aspen MasterCard, why does my balance seem like it’s not going down?

My minimum payment is $20 dollars a month, my remaining balance is about $300. I pay $80 a month instead of just the $20 and my balance still seems like it’s not going down… I know it’s decreasing, but extreamly slowly, definatly not the amounts that I’m putting in to it. I don’t know anything about percentages or rates or whatever… Why am I having such a hard time paying this card off?!?

Interest rates are the main culpret. I had a credit card around the same balance but I had a very high interest rate of 22.9 % (there are higher; almost 30 %). My hubby had a credit card with a balance of over $1,000, but an interest rate of 7.99. We paid almost the same amount of interest. The higher the interest rate, the more money you are giving to the credit card companies. If you have good credit: re-negotiate; ask them to lower the rate. They may process it as new credit and do the credit check, etc but if you are approved, it is worth it. Also, ask for a low FIXED apr. That way it won’t sneak back up when overall interest rates go up. And last thing to know, very important. If you do not pay on time, check bounces, over your limit or any other thing happens that is not according to your contract, the credit card company can raise that interest rate back up or even higher.

***The other posters have a vaid point. Are you using your card? Did you sign up for the insurance? Any services that are charged automatically and monthly? magazine subscriptions, movie rental memberships, etc?
I canceled all that on my c.c.; they were charging over $20 a month for insurance and some discount service.


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