How to switch credit cards
The best way to avoid paying interest on your credit cards is to seek the to use Balance Transfer offers, which offer interest free balance transfer offers.
- The first step is to choose the credit card that’s suitable for you. Once you’ve done this..you need to click through to the credit card company’s website to fill out the application form.
- If your application for this credit card application is approved, you will receive your credit card through the post to the address you have given, followed by your personal identification number (PIN) and any additional credit card documentation such as terms and conditions. You should sign the back of your new credit card immediately and call the number on the front of the credit card to activate it.
- If you are looking to transfer a balance from another credit card you are likely to have ticked a box on the application form letting the new credit card provider know this. Contact your new credit card provider with the details of the credit card or cards you wish to transfer balances from and the amounts you wish to transfer and they will set these up for you. Be warned that you should not try to transfer credit card balances yourself as this is likely to result in paying a much higher interest rate.
- Keep track of your old credit cards. They won’t automatically be closed when you transfer a balance to your new credit card, so if you’re not going to use them again, it’s best to close the account and destroy the old credit card. You may also wish to set up a direct debit from your bank account to avoid missing any repayments on your new credit card as this may harm your
- If you make any regular payments from your old credit card, remember to contact the companies you pay and give them your new credit card number and details