3 Ways to Qualify for a Balance Transfer Card

Paying off debt is part of the dream many Americans have for their future. Getting rid of debt, paying no more interest, and living a life of financial freedom is a wonderful feeling, and one way to make that happen is to pay off debt faster with a 0% interest balance transfer card. A year or more of paying off debt without paying interest is substantial, and it’s life-changing. Here’s how you can qualify for the best balance transfer cards on the market.

Check Your Credit

The best way to qualify for the best balance transfer cards on the market is to check your credit. Even though you have debt, you might still have a great credit score. Before your credit takes a hit with the application inquiry, but sure your score is where it needs to be to qualify. Checking your credit allows you to see if the report is accurate. Mistakes are made on credit reports all the time. Incorrect information, a typo, or just an instance of mixing up two consumers with the same name and different Social Security Numbers can have a negative impact on your credit score.

Dispute Any Inaccuracies

If you find in inaccuracies or mistakes on your credit report, file a dispute. These are easily handled if you have all the necessary proof, and you can find a solution to your issue in less than 30 days. Correcting mistakes with the bureaus can change your credit score for the better, which is what you want. Make sure all your payment histories are correct, your credit limits are accurate, and your personal information is all correct.

Don’t Change Jobs

Before you apply for credit, be sure you’re still with the same job. Credit card companies want consistent income, and seeing someone apply who just changed their job in the last few weeks is often a negative. If you know you’re leaving your job, apply before you go. If you just started a new job, wait a few months to establish employment history with the new company before you apply for a new card to increase your chance of approval.

Qualifying for a new credit card is simple if you have good credit and a history of making wise financial decisions even with debt. Now is a good time to shop around and find the best card for your personal situation. The faster you find the perfect balance transfer card, the less interest you’ll have to pay in the coming months. Pay down your debt quickly and avoid interest accrual by having no balance left when you 0% APR introductory period ends. It’s the best way to qualify for a card as well as make it work well for you.

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