When a smart consumer starts looking for a new credit card, one of the first thing s do is compare fixed balance transfer credit card rates. While some credit card offers may look appealing at first, there is a chance that a short-term offer may not turn into long-term appeal. Finding a way to compare fixed balance transfer credit card rates can save a consumer a lot of money in interest rates and fees over time.
There are number of ways to compare fixed balance transfer credit card rates. The oldest method, and one that is still frequently used, is to look the interest rates up in business-related publications. Many of these newspapers or magazines have interest rate information for major cards in them, allowing the consumer to compare credit cards balance transfer fixed rates by lender, by card or by bank. The rates can be compared by credit score or the base amount that the credit card is charging over the annual percentage yield (APY).
There are number of industry-related Web sites online that also compare fixed balance transfer credit card rates and do so on a daily basis. Some sites lump credit cards together by their interest rates and allow the consumer to not only judge them by their rates, but the type of credit needed to get such a card. In this case, the consumer can not only compare credit cards balance transfer fixed rates, but make a decision on what type of card they can actually realistically obtain.
Comparing fixed balance transfer credit card rates may require more than just looking at the basic interest rate and looking for a fixed rate. In many cases, the cards have an introductory interest rate, which may be extremely low for a certain period of time. It may be a good idea to review those rates and the times those rates are in effect before making a decision on which card to apply for. If the consumer is interested in transferring a credit card balance from one card to another, checking on the balance transfer fixed rates may be of particular interest. All of these interest rates, as well as the cost of obtaining a credit card (in terms of yearly fees and minimum payments) can be found online.