Balance Transfer Credit Card

It's important to be well educated about balance transfer credit cards before applying for credit or making any other major financial decision. In our education center we will inform you about any aspect of applying for and using balance transfer credit cards. We publish new credit card articles weekly so be sure to check back often.

• 5 Tips to Get a Perfect Credit Score
  Getting a perfect credit score is something that could potentially save you a lot of money on interest charges. If you want to go after a perfect credit score, there are a number of steps that you will need to complete. Here are some tips to getting a perfect credit score.
  
• How to Identify Small Business Credit Card Scams
  When dealing with small business credit cards, there is a chance that you could run into some scams. Avoiding scams is an important part of the process of having a small business credit card. Here are a few tips on how to identify small business credit card scams.
  
• Business Credit Card Requirements for Limited Liability Corporations
  When you first form a Limited Liability Corporation (LLC), you will receive multiple offers for a business credit card. It is important to realize that these cards are often tied to your personal credit or your individual credit score, and they are not truly sources of business credit. To get an actual business credit card, you will need to apply under the name of your new LLC.
  
• 4 Reasons to Open a Business Credit Line
  Opening a business credit line can help your business out in a number of different ways. Many businesses stay away from credit lines because they fear a negative impact on their credit scores. However, the benefits usually outweigh any negative consequences when dealing with business credit lines. Here are a few reasons to open a business credit line.
  
• How to Get a Business Credit Card with Low Interest
  If you are looking to acquire a business credit card, low interest will be one of the most important features to look for. Securing a lower interest rate can provide you with a great source of savings for your business. Here are a few things to consider about how to get a business credit card with low interest.
  
• Taking Advantage of Business Credit Card Balance Transfer Offers
  When you get a business credit card, balance transfer offers can sound very appealing. However, if you do not handle them properly, they could come back to hurt you. Here are a few things to consider about taking advantage of business credit card balance transfer offers.
  
• The Argument against Credit Cards for Small Business Expenses
  The use of credit cards for your small business can be detrimental, and it's best to avoid using them. The reliance on credit cards to build up a business is a shaky foundation that will negatively affect not only your business but also your household.
  
• What You Need to Know About Transferring Your Credit Card Debt to a 0% Interest Card
  If you have found yourself with a high credit card balance and a high interest rate to go along with it, you are not alone. Many households today have credit card debt totally well over $10,000. While 0% interest transfer credit cards are not as plentiful as in the past, they do still exist. If you can qualify for a balance transfer to a low or 0% interest card, it may be something you want to look into.
  
• Identity Thieves are Sneakier Than You Think
  We’ve all heard the warnings: never give out your personal information over the phone or Internet unless you want someone to steal your identity. Even the most official-looking e-mails branded with corporate logos can be a front for phishers – crooks who want to make off with your credit card information and more. But sometimes you have to take extra steps to protect your identity. Here are some tips to keep you safe.
  
• Easy Guide To Transferring a Credit Card Balance To a Better Credit Card
  Transferring a high interest credit card balance to one with a better interest rate and/or better overall terms and features is usually a good way to reduce the amount of money you pay back on your existing debt. Depending on the “better” credit card you select, you may also be able to benefit from a rewards program or gain other features you didn't already have – including travel accident insurance coverage or an extended warranty program for new purchases made with the card. There are a few instances when a balance transfer is not the great deal it appears at first glance though, so it's important to do your research before moving your accounts around.
  
• How Balance Transfers Affect Your Credit Score
  Transferring balances with high interest rates to a credit card with a lower interest rate (or a 0% interest balance transfer offer) is a great way to pay your debt off faster and save money in the process. It's not as cut and dry as transferring the money from one place to another though, there are some other considerations to work out before you rush into the next balance transfer offer you qualify for: primarily, how does a balance transfer affect your credit score?
  
• Are 0% Balance Transfer Offers Really Free?
  Paying off credit card debt with 0% interest is a dream come true – which is exactly why a large number of credit card companies offer the promotions. They know it will attract new customers who have debt with other credit card companies to transfer that debt to their cards. But where is the value to the company offer the credit card balance transfer offer; if they let you repay that debt with 0% interest?
  
• Balance Transfer Checks- Opportunities to Save
  Credit card companies spend quite a bit of money on marketing to attract new customers-and it's always cheaper to keep customers they have rather than trying to find new customers.
  
• Avoid These Common Credit Card Balance Transfer Mistakes
  That offer to transfer your credit card balances sounds like a pretty good deal, doesn’t it? And it is, until you take out your magnifying glass and start reading all the fine print that goes along with the offer. What a lot of people don’t realize is that the lender making such an unbelievable offer wouldn’t be doing so if there wasn’t some way to benefit financially. These lenders actually feel safe in assuming that most people transferring balances won’t pay attention to the potentially costly details that accompany the offer.
  
• Transferring a Credit Card Balance
  Are you staring at that attractive advertisement for switching credit card companies by transferring your balance from one card to another? While many of these offers are truly great deals, balance transfers and card-switching is not something to jump into, eager as you may be. You need to do your homework first: Do enough research and investigating in order to determine whether it in fact is worth it or a good idea to make the transfer.
  
• What You Should Know About Switching Credit Cards
  With U.S. credit card debt at an all time high, many savvy consumers and investors are renewing their commitments to rid themselves of this burdensome and in most cases, unnecessary debt. In doing so they are constantly searching for the next best credit card with higher credit limits, lower annual percentage rates (APRs), and zero balance transfer offers.
  
• Consolidating credit cards
  Credit card consolidation is a popular solution for those with significant credit card debt, usually distributed on three or four different cards. Basically, this means putting all your debts together on a single card, like transferring it all to one loan. Of course, the goal is to pick a card that offers better conditions than what you already have, in order not only to simplify, but also to reduce your payments.

Business Credit Cards

It's important to be well educated about business credit cards before applying for credit or making any other major financial decision. In our education center we will inform you about any aspect of applying for and using business credit cards We publish new credit card articles weekly so be sure to check back often.

• Business Credit Card Requirements for Partnerships
  When you start a business, you will likely receive multiple offers for some type of business credit card. These cards would typically be offered in the name of the business. However, this partly depends on whether your business is incorporated. As a partnership, you have the option to leave your business unincorporated. Then, meeting the requirements for business credit would fall on the shoulders of each individual owner.
  
• The Requirements for Opening a Business Credit Card
  A business credit card can be issued to a small business owner in the business's name. The credit card can allow a small business owner to get loans, make payments and build credit history without putting their personal credit on the line. Another benefit of the credit card is that, should the small business fail, the business owner's personal credit history would not be affected. Applying for a business credit card can be a complicated process that does involve some risk, but business owners can avoid those problems and get the business credit card by being careful and thorough as they apply.
  
• Tracking Your Business Credit Card Expenses
  Since business expenses and the interest on your business credit card are tax deductible, it is important to keep track of these expenses during the year. Keeping track means more than following your balance online. If you ever receive an audit, you must be able to prove the purchases were made for business purposes and were properly recorded. Therefore, you must keep written copies of all your expenses throughout the year.
  
• Your Small Business: Charge Card vs Credit Card
  Both a business charge card and a business credit card could be beneficial to you, depending on your unique business needs. While these resources are very similar, they have a few things that make them different. Here are a few things to consider about charge cards vs credit cards.
  
• Business Credit Card Requirements for Sole Proprietorships
  A sole proprietorship will operate a business credit card in the name of the individual owner. A sole proprietorship is not a legal entity separate from the owner himself. Instead, the business owner maintains "sole" record over all assets and liabilities of the business. Therefore, to get a credit card for your sole proprietorship, you must have good personal credit.
  
• Business Credit Card Requirements for Corporations
  A corporation can hold a business credit card in its own name. As a result, the corporation must meet individual requirements, separate from any business owners, in order to qualify. The corporation will be evaluated across many different areas to determine if it is credit worthy.
  
• Understanding Business Credit Card Offers
  When you first open your business, you may be surprised by how many companies attempt to get you to sign up for business credit cards by sending you offers. Credit card companies have sophisticated systems to locate the names of local businesses and send solicitations. As you likely know, any company that offers to lend you money has a motive to do so. Approach the offers with caution in order to make the right decisions for your business financing.
  
• 5 Tips for Small Business Credit Management
  Small business credit management is something that many business owners have trouble with. If you want your business to be successful, you need to manage your credit as effectively as possible. Here are a few tips for managing your small business credit.
  
• Keeping Business Credit Card Interest Rates Down
  A business credit card offers a variety of benefits to business owners. However, high interest rates can reduce the effectiveness of the card. The business credit card user can keep interest rates as low as possible by creating the best credit history and score possible, choosing the right card, paying on time and staying in the credit limit, and carefully monitoring the card's use.
  
• 2 Common Errors in a Business Credit Card Application
  Filling out a business credit card application can help provide you with easy access to a card for your business. When you are filling out the application, there are a few errors that you are going to want to avoid. Here are some common errors in a business credit card application.
  
• Business Credit Cards and Your Schedule C
  A Schedule C is a place to list deductions for expenses incurred to your business, and this can include interest paid on business credit cards. The Schedule C tax form has five key sections, each meant to list a specific type of deduction. Classifying your deductions correctly can save you money on taxes and help you make better decisions about your expenses in the upcoming year.
  
• Going out of Business: What Happens to Business Credit Cards?
  You must close all your business credit cards when you go out of business. If you have low balances, you will only need to pay the balances and close the card. The challenge comes if you are in too much debt to credit card companies to overcome when you decide to close your doors. Then, you may need to resolve the debt in another manner.
  
• The Pros and Cons of a Secured Business Credit Card
  If you are a business owner, there is a chance that you might consider using a secured business credit card at some point. Using a secured business credit card can provide you with a number of advantages and disadvantages in your business. Here are some of the pros and cons of a secured business credit card.
  
• Paying with a Business Credit Card vs Cash
  When you are trying to decide between paying with a business credit card or cash, there are several things that you will need to consider. Both options carry with them some advantages and disadvantages. Here are a few things to consider about paying with a business credit card or cash.
  
• A Guide to Unsecured Business Credit Cards
  An unsecured business credit card can be a valuable tool for your business. With an unsecured business credit card, you can do a number of different things and take advantage of several benefits. Here are the things to consider about unsecured business credit cards.
  
• 3 Tips to Improve Chances for Instant Business Credit Card Approval
  Getting instant business credit card approval can be very convenient and provide you with a way to purchase things for your business quickly. Here are a few tips to improve your chances of instant business credit card approval.
  
• Small Business Credit Card Options for Bad Credit
  Getting a small business credit card can provide you with a number of benefits for your business. If your business has bad credit, there may be a lack of options for you to choose from. Here are some small business credit card options for businesses with bad credit.
  
• 5 Factors that Contribute to Business Credit Card Rates
  When you are looking at business credit cards for your business, the interest rate is going to be one of the most important factors in choosing a card. There are many things that will contribute to the interest rate of a business credit card. Here are a few of the factors that are involved.
  
• 4 Features to Look for in a Business Credit Card Company
  When evaluating a business credit card company, there are several things that you will want to look for. Not all business credit card companies are created equally, and they each have unique features to offer you. Here are some of the features to look for in a business credit card company.
  
• Business Credit Cards: Best Practices for New Entrepreneurs
  Business credit cards create a powerful cash-management tool for new entrepreneurs. They also lay a trap if the new business owner chooses the wrong card, uses the card unwisely or does not carefully monitor spending.
  
• Comparing the Pros and Cons of a Prepaid Business Credit Card
  A prepaid business credit card is a tool that many different types of businesses choose to utilize. This type of credit card comes with several different advantages and disadvantages. Here are some of the pros and cons of a prepaid business credit card.
  
• 4 Home Business Credit Card Dangers
  A home business credit card can be fairly easy to acquire, but there are many reasons getting a credit card for your home business is not a wise decision.
  
• 4 Reasons to Have a Business Credit Card
  Researchers say business credit cards are the money-management tool of choice for 66 percent of small businesses in the United States. Improved cash flow, building a credit history, controlling spending and usage rewards number among the main advantages of using a credit card for business spending.
  
• 4 Questions to Ask before You Apply for a Business Credit Card
  Before you apply for a business credit card, you should make sure that you understand what you are signing up for. Here are a few questions to ask before you apply for a business credit card.
  
• A Comparison of Small Business Credit Cards
  Credit cards have become a necessity for small business owners. Being able to have the power to make necessary purchases, track spending and pay for business related travel are all common ways small businesses use credit cards every day. With so many offers and options out there, it can be confusing as to which card is right for your business. Here is a look at some of the more popular cards for your comparison.
  
• Entrepreneurs Utilizing Business Credit Cards
  Entrepreneurs utilizing business credit cards quickly learn the numerous valuable benefits acquired. At a business’s onset, establishing a stable cash flow can test anyone’s patience and professionalism. Using a business credit card is wise for some very important reasons; developing the positive foundation of your business’s initial credit history and establishing a professional image and relationships with local lenders and retailers.
  
• How to Keep Credit Cards from Choking Your Profits
  Small business owners who use credit cards for purchases are seemingly at a disadvantage when compared to large corporations. The reason is that managing cash flow sometimes becomes more of a challenge and being able to balance income against expenses can cause headaches.
  
• Using Prepaid Credit Cards as Business Promotions
  As consumers are reducing their spending, businesses are trying just about everything they can think of to encourage spending in their stores or on their websites. One of the more effective methods of getting customers to check out what you've got to offer is to give away something too good to pass up. This is why many retailers have turned to prepaid credit cards as business promotions. Giving away a “credit card” offers a more professional appearance than giving out cash or offering rebates for purchases.
  
• Benefits of Prepaid Credit Cards for Businesses
  Credit cards have always held a place in the business world – enabling businesses access to cash flow and making it possible for growth that maybe wouldn't have been possible otherwise. They can also cripple a business before it gets off the ground, though, if the credit card debt builds faster than the business turns enough profit to pay for it.
  
• A Business on the Side: Benefits from Small Business Credit Cards
  Many people across the country have found they need a second income to survive. While many will take a weekend or evening job in addition to a full-time gig in order to get by, many other entrepreneurial types will be trying their hand at starting a side business, based on a hobby or passion they have for their particular talent.
  
• Easing the Burden of Interchange Fees
  As interchange fees go up, profits go down. This is a brief guide for small business owners who want to find a merchant account with better service and lower fees.
  
• Little Known Rewards You Can Get From Business Credit Cards
  Many small business owners might feel the need to shy away from credit cards, to avoid the temptation to overspend or because they prefer to pay for everything in cash. What business owners may not be aware of, however, are the often-overlooked “extras” that come with business credit card rewards programs.
  
• 7 Reasons Your Small Business Needs a Credit Card
  With more than 600,000 new small businesses started each year, it's safe to say that the dream of being a successful business owner is a strong one. If you are considering starting your own business, or are already the proud owner of a business- here are 7 reasons why your small business needs a credit card:
  
• Simplify Your Bookkeeping With Credit Cards
  Did you know that just by having a credit card for your business that you can actually help in your bookkeeping efforts? It's true, a business credit card can not only help you separate your business and personal expenses, but it can also help you manage your finances at the same time. Many credit card companies that offer business credit cards also offer reports of your account. These reports may come monthly, quarterly, or annually. In some cases, it is generated for you and in others you have to request the reports.
  
• Financing with Business Credit Cards
  You've heard the saying, "You've got to spend money to make money!" This couldn't be more true, especially in business. If you want to grow your business, you're going to need a source of funds and access to cash flow - particularly when things are moving slowly.
  
• Credit Cards and Business Expenses
  One thing about businesses is that the business expenses can really become unmanageable, particularly if you do not have a system in place to keep track of your expenses and know exactly where your money is going. All businesses small or large and everywhere in between should have a system in place that allows them to keep track of their business expenses. One great way of doing that is with a credit card.
  
• How Business Owners Can Choose a Credit Card
  Small business owners now have a wide variety of credit cards to choose from, and it makes it difficult to choose the best one for your small business. As a small business owner, you will need to decide which features you think that the company will use most often, and if they are worth using and having, before applying to a card. Many of the credit card companies now offer many attractive tools that can and will help each small business owner in their everyday spending and tracking. Also remember that it is harder to keep getting credit cards after the first couple, so choose wisely when choosing business credit cards.
  
• Small Business Credit Card Benefits
  Many new small business owners do not have a credit card account specific to their business. They might use a personal credit card to make business related purchases every now and then, but the majority of new business owners overlook the value a business credit card may provide to their business.
  
• Help Your Small Business Succeed with a Credit Card
  Six of the many ways in which a small business credit card can help your business to operate more smoothly and improve your bottom line.
  
• How to Choose a Business Credit Card
  Choosing the best business credit card takes a little more research than finding one for your personal use, but the time spent educating yourself on credit limits, interest rates and repayment options will pay off in the long run.
  
• Using Credit Cards To Finance Your Business
  Learn when the right and wrong times are to use a credit card to help fund your business. Also learn the risks involved in doing so.
  
• Credit cards for small business
  Many small business owners know that the rate of their companies growth is limited by their cash flow and increasing the amount of spendable cash is crutial to the growth of their business. Credit cards can be a great means of increasing your cash flow. This articles explains how.

5 Tips to Get a Perfect Credit Score

Getting a perfect credit score is something that could potentially save you a lot of money on interest charges. If you want to go after a perfect credit score, there are a number of steps that you will need to complete. Here are some tips to getting a perfect credit score.
1. Don't Be Afraid of Credit
Many people mistakenly believe that they should not utilize credit if they want to have a good credit score. In fact, the opposite is true. You are going to have to use some type of credit if you want to boost your credit score. This is one of those things that you have to use or you are going to lose.
2. Use it Cautiously
Although you need to use your credit, you need to use it sparingly. Be careful with how you use your credit and do not let your debt get out of control. One of the big problems that people run into is accumulating large credit card balances. If you want to get a perfect credit score, you are going to need to make small regular purchases with your credit accounts. Make a small purchase and then pay off your balance each month. You do not ever want to exceed more than 30 percent of your credit limit. If you get in the habit of maxing out your credit card, lenders are going to think that you do not know how to handle your money very well.
3. Do Not Apply Often
You want to try to have a nice mix of credit. Having different types of credit such as a mortgage, auto loan, and a credit card can be helpful. However, you do not want to apply for credit too often. You want to limit the amount of time that you apply for credit cards and other types of credit accounts. Those that have the highest credit scores do not regularly apply for credit. You do not want to carry around five or six credit cards at one-time. Get one or two of the best credit cards and use them for your transactions.
4. Never Miss a Payment
If you want to get a perfect credit score, you are going to have to have a perfect payment history. Payment history is one of the most important factors that credit bureaus look at when determining your credit score. You need to make your payments for every type of account that you have. If you miss a payment, your creditor is going to reported to the credit bureaus and it will negatively impact your credit score.
5. Credit Monitoring
Another step that you should take if you want perfect credit is to employ the services of a credit monitoring company. There are many different credit monitoring services out there that can watch your credit report for you. They will alert you if any credit accounts are opened in your name or if identity theft is suspected.

BEWARE - Horrible customer service, hidden fees, and slow processing will fleece you.

 I was warned about Bank of America's horrible reputation when I opened an account in 2004 upon returning home from college. I didn't listen...

I am hoping others can learn and avoid the mistakes I made by joining. Save yourself the heartache and open up an account elsewhere. You will be glad you did.

I was on vacation and went to use my BOA credit card. I was told it was declined. After waiting on hold for several minutes, I was informed by the BOA agent that my limit had been lowered. I received NO notification (we were on vacation when this happened, and I was nowhere near my old limit. I was astounded. But... I stayed on....

Here is the deal breaker for me, and a word of caution for everyone else... I have several "automatic transfers" set up to move money from my BOA account in order to pay monthly bills and to transfer funds. IF YOU HAVE THIS SET UP, YOU WILL BE SCREWED IN THE END. That is right, BOA charges a $30 "cancellation" fee for this service for EVERY ACCOUNT that you have it set up for. Pay off a bill? The amount will continue to come out of your BOA account as if you haven't... Then to cancel this inconvenience it will cost you $30.

It is total bullshit, and a racket. BOA has taken $250 from me for an account that has been closed for over 2 months, Charged me $30 to stop future transactions, and basically lost my money. I hope someone listens to this. It has been a MAJOR PAIN IN THE ASS.

By the way, I had auto debit to pay my cable bill, but recently moved and closed that account. Guess what?!? I just saw that BOA has taken the old payment amount out of my account although I closed it. It will cost me ANOTHER $30 to stop this payment as well, and 5 days to get my money back. Bank of America should go under. Their reputation is shit -they don't care, now that they are backed by Uncle Sam they can do whatever they want.

I am closing my account ASAP, and going with a bank that doesn't rape you instead of manage your money.

Bank of America review

Bank of America Customer Service is HORRIBLE!”

I have two business accounts with BOA and also a BOA credit card account with them â thinking one stop shopping... On multiple occasions, BOA credit card company has to cancel my cards because they have put my CC at risk and had to issue another card immediately. BOA did not call me but just cancel and re-issue me a new card each time. I have to call them to see why my card canâÂÂt be utilize and they always says to use the BOA Debit Card in the mean time... When a merchant doubled book my meal charge, however, on the BOA Debit Card since I canâÂÂt use the BOA Credit Card because of BOA, and I tried to get BOA to assist helping to fix the problem - it is nearly impossible to get anyone that knows what to do or how to dispute the charge. I was told to call the merchant myself. I was on the phone with 10 BOA people today because they donâÂÂt know how to transfer the phone to claim â and keep getting hang up onâ¦, and asked them to take my number if they disconnect me again (they all agreed they would) and no one ever called me back. I spoke with a Nina/Supervisor, she also said she would stay on the line but Nina too could not transfer the phone to claim department correctly and never called me back to follow up. I finally got another manager, Bill Domingus, on the phone to complain about the madness I had to go through-but he canâÂÂt do anything for me. I was told I had to contact the merchant myself, and Bill Domingus/Supervisor said there is no manager that I can talk to above him and no one can call the customer back because the call center has no call-out capability. He would not help me and he didn't care if the phone call was recorded or if I close my accounts with BOA... SO that is exactly what I am going to do next.... Bunch of IDIOTS!