Creditcardtalk.info

My car payment has a 9.5% interest rate compared to a 4.5%. I want to transfer. Is this allowed?

4 Responses to “Can I transfer my car payment balance onto a credit card with a much lower interest rate?”

1. hurleychic559 says:

   February 22, 2009 at 9:42 am

   If you have a enough limit, then yes. You just pay off your loan.
2. yeeblazer says:

   February 25, 2009 at 12:04 pm

   yeah i think so, call the credit card company and ask them
3. littleone60014 says:

   February 25, 2009 at 8:06 pm

   I think so…. but it will affect you credit differently and this could be a bad thing if your trying to say buy a house.

   good luck Chris
4. dolly blaine says:

   February 28, 2009 at 1:47 pm

   Credit card balance transfer is a process by which we can transfer our outstanding balances on a credit card (which are generally at high interest rates) to a low interest rate credit card.

   Balance transfer has some good advantages let us look at a few of them.

   Balance transfer is one of the best methods to get rid of that credit card debt. When you transfer balances all your outstanding balances are wiped out and transferred to new credit card.

   Depending on what deal you get on the balance transfers the new interest rates on transferred balances could be 0% or a low rate for a particular period. The ideal situation should be to get all the balances cleared within this low interest rate period.

   The repayment terms will also relax considerably as you transfer your balances.

   Credit card companies bundle a lot of exiting features with the balance transfer program, this could be a no annual fee offer and your favorite reward program. Read more from: