Robert McKinley Quotes on Balance (4 Quotes)

If you carry a balance, you should by all means use this low-rate environment to lower your finance charges and trim your debt. But rather than blindly shop for the lowest rates, consider your credit history and search accordingly. You have to be realistic about your credit, ... If your credit is spotty, don't waste your time applying for a 9 percent rate.

If you're looking to transfer a 5,000 balance, you need to look to the largest issuers.

There are fees. You may have a balance transfer fee or a convenience fee, and the interest starts right away and the interest rate typically on those checks is very high. Nineteen percent or higher.

Don't be swayed by bells and whistles, like reward programs or miles. A lot of consumers are drawn to these, but if you carry a balance, the interest rate may not be worth it.