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Worried about your credit card debt? Well, balance transfer is a good option, provided you know the ins and outs of the process. Credit card debt relief programs help you get to know the balance transfer process better.

Credit card relief program
You can keep better track of your debt by transferring your balance from high interest credit cards to a lower interest one. This also facilitates paying off your debt faster. But most of the time there are hidden charges incurred during the transfer process which could make the deal turn costly for you. That’s why it is mandatory to understand the intricacies of credit card balance transfers before opting for one. Debt management experts recommend credit card relief programs as the best source for learning more.

Here are some tips on credit card balance transfers which will help you get the most out of your credit payment.

Check out the introductory rate duration
Most credit cards offer introductory annual percentage rates (APRs) for balance transfers. But the offer is for a specific time period, and, once the period is over, you will be charged with normal interest rates. Hence credit card debt program experts recommend checking the validity of the introductory rate offer before you decide to go ahead with it.

Calculate the transfer fees
Normally the savings from a credit card balance transfer are more than the cost of the transfer fee. But debt management experts still suggest that you calculate the transfer fees to ensure that it will be profitable for you. According to credit card relief program counselors, you are charged either with 4% of the transferred amount or a minimum of $10 as the balance transfer rate. Check if you can pocket more savings with this provision than with regular rates.

Build a solid credit score
The low-rate balance transfer option depends on your credit score. The higher your score, the better chance you have for lower interest credit payoff. Do you know that 35% of your FICO score is based on your payment history? That’s why debt management experts suggest paying your monthly balance on time to strengthen your credit score.

Take advantage of a balance transfer
Credit card balance transfers generally take around two weeks to complete. Here is a debt management strategy: don’t fall behind in your regular monthly debt payments during this period as it will compromise your credit score. A late fee of any sort can impact your credit score negatively, which could ultimately affect your balance transfer process.