I'm going to be paying off 3 cards with a balance transfer from a 4th card. Clearly I need to call the 3 credit card companies and require the current balance? A friend told me I need to find out what the PAY OFF balance is? Anyone heard of that?
Is it true that once a card has an annual fee it always will?|||The current credit balance is always on the Internet, unless you charged that day, or there is a pending balance. What good is a transfer if you don't pay off the whole amount anyway?
Annual fees sometimes can be waived by the company, but they usually do it for a good customer.
You have to have the card for a while before they do that.
Good luck.|||A payout balance is the balance of your account including interest up to the day they expect to receive your payment. Your account accumulates interest on a daily basis, which is then lumped together on your monthly statement. So if you got your last statement on say Sept. 25, you have interest being added each day until your balance is paid in full. So when you call for your balance, ask for the payout and they will calculate that daily interest for you. Otherwise, when you get your next statement, you will have just interest charges.
And yes, unless you receive a notice regarding changes to your annual fee, you will be charged this fee every 12 months until your account is closed - whether or not it is active.|||Pay off balance is the amount that you have to pay in order to no longer owe anything. This may be more than the actual balance if there are going to be fees, finance charges, or interest.
Once you have fully paid off the card, you can close the account. Once the account is closed AND has a zero balance, there is no more annual fee. If you leave it open, the fee will continue.|||Wow, you don't even know your balances on your credit cards? How do you know your 4th card has enough credit limit to pay off the first three credit card? So call the customer serivces on those 3 cards and find out how much you owe first. And once your 4th credit card got approved, learn how much is your credit limit second. Now figure out how much the 4th credit card gonna pay. Of course you want to pay/pay off the credit card with highest interest rate first. Once you decide which one(s) to pay/pay off, you can contact your 4th credit card company to proceed, they will take care of it with your other credit card companies. But make sure you don't max out this 4th card by tranferrings. Leave some available credit on this one....Yes, most likely if the credit card that have annual fee, it pretty much always will. KNOW HOW MUCH YOU OWE, AND ALSO KNOW HOW MUCH YOU MAKE. CUT OFF ALL 4 CREDIT CARDS AND START PAYING OFF YOUR DEBTS.|||redit card balance transfer is one of the preferred ways to get rid of credit card debt and is used by many people to get immediate relief. Credit card balance transfer essentially means that we transfer our outstanding balances from a high APR credit card to a credit card which offers low APR's. A 0% Intro APR credit card is the preferred credit card to transfer balances, but because of the widespread misuse of such credit card offers, credit card companies have withdrawn all such offers.
Indeed balance transfer saves a lot of money and can save things from going worse, but many people simply don't know the right way to do balance transfer. This article takes a look at the correct process to initiate and complete the balance transfer.
The first thing to look out, when a person wants to transfer his balances is a credit card which offers the lowest apr rates and lowest balance transfer fees. Many online credit card companies offer credit card comparisons. It is indeed a good practice to search for the credit cards using their services and decide on a credit card which offers the maximum savings. It is important to note here that balance transfer APRs depend on a person's credit history. If the credit card in question offers the lowest rates, it is definitely for those with the best credit ratings. There are different balance transfer apr's for people with lower credit ratings. So, it becomes imperative that one chooses the credit card which offers the lowest apr and balance transfer fees for his credit ratings.
When you decide for a balance transfer it doesn't mean that your obligation for payments towards your outstanding balances with the existing credit card company cease to exist. You will have to pay the credit card company all the monthly payments. One way you can save money is to just send the monthly minimum payments to the existing credit card company. This way you won't default and invite penalty. Read more from: http://www.credit-card-gallery.com/balan鈥?/a>
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