A free balance transfer is an option offered by some credit card companies that allows you to use the available credit from one card to pay off the balances due on another card (or multiple cards). Normally the interest rate on the amount borrowed is lower than the rate of the cards that are being paid off by the balance transfer. Free balance transfers allow you to transfer the balance(s) at not charge, hence the name free balance transfers.

A balance transfer is really just a consumer loan made to a customer who is already pre-qualified by the lender because of the relationship that already exists. Because the credit card issuer is already willing to allow the maximum amount of the card holder’s credit line, it makes total financial sense that credit card issuer would choose to entice the card holder into running their balance up as high as possible.

By performing credit card comparisons you can be sure that you are getting the credit card that is best for you. We have pre-sorted free balance transfer credit cards for you in one convenient location. Just find the card you like and click “Apply”. Click here to view our credit card finder application now.

Most balance transfer offers come with a very low introductory interest rate, such as zero percent interest, or 1% interest, for a fixed period of time. Then, after the intro time period has ended the interest rate on the card will climb to whatever was agreed upon in the terms of the offer. This is why you’ll want to pay close attention to fine print when looking for free balance transfer credit cards before you start. If you do and you are diligent about paying the free balance transfer off during the intro period you can seriously reduce your monthly expenses by paying the lower interest rate.

If you’re ready to get started, click here to view a selection of free balance transfer credit cards.