Balance Transfer Citicards- Is it Time to Make a Transfer

By: EconomyWatch Content Team   Date: 22 January 2010

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If you currently are carrying a balance on your credit card but are paying a hefty rate then it may be a good time to consider a balance transfer to a lower rate credit card. Balance transfer Citicards has some very good offers for you if this is what you are looking to do. Before you start looking for a zero percent annual percentage rate (APR) credit card or one with a low rate you must take a closer look at yourself, or more to the point, your credit history and credit score. Call or visit the credit bureau and take a look at your file to see how your credit looks.

Look over the credit report with a discerning eye. Search it carefully for any errors. If you do find anything on the report that can cause you problems in terms of applying for new sources of credit then take the necessary steps to rectify the problem right away. Postpone applying for the balance transfer until you have gotten rid of any credit road blocks that could cause your application to be rejected.

If you are a low risk consumer and have a positive credit score at the present time then you are more likely to be approved for a balance transfer. Balance transfer Citicards are rarely extended to those who have less than glowing credit.

Citicards offer a number of different credit cards to consumers, however not all of them have the option of a balance transfer attached. That is why you must go over the website with a fine tooth comb to find the card that is most appropriate for you as well as the one that offers the type of balance transfer that you are seeking. Please note that zero percent interest rates are difficult to come by, regardless of which credit card company you look to. When you are fortunate enough to find such a rate it will last for only a certain length of time.

The Citi Platinum Select card is an example of a balance transfer Citicards that does offer eligible consumers a zero percent APR on both balance transfers as well as purchases for a period of up to nine months. This is based upon the information given in your application and what is found in your credit history. Once the nine month introductory period has come to a close the annual percentage rate on purchases will go up to 11.99 percent. Please be aware that this too is subject to both your application as well as your credit history. The better it is the more likely you are to be approved.

The Citi Platinum Select Card is a trademark of Citicards. They can be found online at http://www.citibank.com/.


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