Credit Card Intro Offers
I recently got a credit card offer in the mail for a credit card with a credit line of up to $20,000, a 0% APR for the first year if I used a balance transfer, and no annual fee. This sounds pretty good doesn’t it? I think it does, especially if I had balances I wanted to transfer, in which case I’d be allover the offer faster than you can say “Prime Rate Credit”. There can be so many benefits to balance transfer credit cards, if you’re in the financial boat that meets their criteria!
But, the truth is, I just don’t want to deal with transferring over the one active card I have at this point. I mean, for the most part, I pay my balances on this one active card off every month, and do not really need a new card that has zero percent. Now, would this be a great potential deal if I needed a very low apr credit card right now? Absolutely!
The thing is though, I will probably get a ton more of these offers in the mail, and can probably look up new credit card offers online any time and be able to get a pretty decent deal as long as my credit report came back decent enough. You want to be careful not to jump in to signing up for too many credit cards, just because they sound like a good deal at the time, because they can really come back to bite you if you start using them and do not budget properly to pay them down significantly every month and avoid those mountains of finance charges that we have all become so familiar with at one point or another in our life!
