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How far in advance should I plan for a balance transfer?

Thu, Sep 25, 2008

Credit card advice

This is a question I have had a few times and it is hard to say accurately. I would recommend 2 months before the end of your current 0% period you should start looking for a good deal. This gives you a week or so to shop around (come to this site and check out the 3 best 0% cards!) and apply for the best card for you.

Most of the major credit card companies give you an instant decision and they say they get the cards out to you within a few days. In practice I have found they can take a few weeks to get the card out to you.

Once you have the card you will have to sort out the balance transfer. Get the current balances, along with your card details ahead of time, so you can do all of this in one phone call (or online, if the card allows).

All in all, 6 weeks should cover it, from applying for the new card to getting the balances transferred.

This post was written by:

jim - who has written 238 posts on lowestcostcreditcard.com.


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