How to Transfer a Credit Card Balance

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Transfer a credit card balance by filling out the appropriate forms sent by the credit card company or by contacting the credit card company directly and asking them to transfer the balance. Keep credit card balance transfers limited to low-interest credit cards with advice from the owner of a debt settlement company in this free video on credit cards.

Part of the Video Series: Credit Card Debt Information
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Video Transcript

Hi. My name is Peter Repak. I'm the owner of Clear Financial LLC, a debt negotiation company. How to Transfer a Credit Card Balance. Well you have three ways. One of 'em is you receive a statement or an offer from a credit card company to transfer your balances from another card. You fill out the form. You put your number, whatever your credit card number is, your account number, onto that paper and you send it in to the credit card company. That's how simple is that. You can also do this online. It's a possibility that some of the credit card companies do have this catering to you. As far as giving them a call, you can do that. Sometimes you can do it in that, however, they will require something in writing. In a mail, or some way, shape or form. So, yes, you can transfer balances. I kind of advise against it, except if it's a low interest credit card that you're transferring it to. Other than that, don't really shuffle your cards too much, because that could impact your credit in a negative way. My name is Peter Repak. I'm the owner of Clear Financial LLC, a debt negotiation company. Thank you for watching.

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