Credit card companies may not be exactly handing out credit cards now a days like they used to, but doing balance transfers may be your best bet. Transferring to a low rate credit card may still be possible since you have a good FICO credit score. And when we say "good credit score" we mean 720 or more. That's about what it takes today to get approved for a descent interest rate or get approved for anything as it is.
A good place to shop for balance transfer offers is Cardtrack.com. When moving your balances from a higher interest rate credit card to one with a lower interest rate you need to hustle and take advantage of the lower rate. You need to pay as much as you can and get that balance down before the low rate expires. Even though you obtain a lower interest rate credit card you are still at the mercy of the tricky credit card companies. If you make one mistake like: go over your limit, make a payment late, or don't pay down your balance you can see your low interest rate sky rocket to a higher one. You can even see your limit reduced and cause your debt to available credit ratio to increase and cause your FICO credit score to go down.
A good place to shop for balance transfer offers is Cardtrack.com. When moving your balances from a higher interest rate credit card to one with a lower interest rate you need to hustle and take advantage of the lower rate. You need to pay as much as you can and get that balance down before the low rate expires. Even though you obtain a lower interest rate credit card you are still at the mercy of the tricky credit card companies. If you make one mistake like: go over your limit, make a payment late, or don't pay down your balance you can see your low interest rate sky rocket to a higher one. You can even see your limit reduced and cause your debt to available credit ratio to increase and cause your FICO credit score to go down.
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