Is it possible to use balance transfers to avoid interest with major credit cards?

How do I make a balance transfer from a store card to a credit card?

• Sorry, a new timer to balance transfers and credit cards. Have taken out a credit card with 0% interest on balance transfers and purchases for 12 months. I have £600 on a store card that I want to transfer to the credit card to avoid all the interest charges. I can easily pay this off in 12 months. Do I just go to the store and use my credit card to pay off the store card? Do I telephone the credit card company and ask for a transfer and give them all the details? or is there more involved, would just like to know what the process is. Thanks!

• Answer:

  Eliminating high interest credit cards by transferring to a card with a lower rate can help you save a great deal of money, allowing you to regain control of your finances. However, it is important that you understand all of the terms and conditions of your new credit card before committing enrollment. You want to make certain that the card offer is fair and that you are truly going to benefit from it. Featured are tips that will help you choose and use the right credit card for transferring balances. Pre-determining interest rates Most balance transfer offers are good for only the first 6-9 months of enrollment. At the conclusion of the introductory rate, the card will convert to a more standard rate, typically between 14-20%. It is important that you determine what the interest rate is going to be once the intro rate is over. If you are not sure what interest rate the card is going to be charging at the conclusion of the intro offer, call the issuer and find out. Read more about balance transfer at: http://www.credit-card-gallery.com/article/173,Credit_Card_Balance_Transfer_Tips