Balance Transfer Credit Cards

Carrying a credit card balance with high interest rate? Want to get out of credit debt fast and effectively. Find yourself a balance transfer card to start saving money. Stop using the old credit card now if you are still paying the minimum due every month on a large purchase. You payment will not end anytime soon with just a few dollars paid. In fact the financial charge will hit you harder than you think. Get a credit card that offers 0 apr balance transfer rate and move the unpaid debt to the new card. That way you will have an interest-free period for 12 months or more.

Which balance transfer credit card should I get? There are plenty of offers from Discover, Chase, Citi, and Capital One. Since you are looking to delay the full payoff amount as much as possible, it's logical to select one with the longest 0 apr period, right? It's true in most cases. However, if you think you can pay off the amount in 6 month, why use 18 month introductory period? Credit cards with shorter 0% APR period generally offer more perks upfront. Card issuers may offer you $100 cash back after spending just $500 in the first 3 months. That's a whopping 20% of the total spending. Some card offer reward points - 1 dollar spent on the merchandise or service can earn up to 2 points and redeem those points when you have accumulated enough.

Don't mix the special apr for balance transfer with purchase. Promo APR generally last for 6 months for purchases. Balance transfer apr offer can last up to 21 months. Interest payment can start adding up if you don't pay off the purchase amount at the end of 6th month. What we recommend is that you strictly use one new credit card for balance transfer. Use another card just for daily shopping.

Are balance transfer cards free? Yes. All the major credit cards for balance transfer don't require an annual fee. However, there is 3% or $5 fee on the transfer amount. The 3% fee is really nothing compared to paying over 20% apr on the old credit card. When you apply for a new balance transfer card you move the balance from the old card to the new one immediately. Instead of waiting weeks for the new card and balance transfer checks to arrive you can stop paying the interest on the old card. Online application is secure and you can get approved in 60 seconds or less.

	5,000 Bonus Miles with the first use of your Card 0% Intro APR Earn 1 Mile for Every $1 You Spend No Blackout Dates with Air Travel Rewards
Rating Intro APR Intro Period Annual Fee APR Grace Period 0% 12 Months 29 0% 25 Days
	Earn a FULL 5% cash back on purchases at supermarkets, drugstores and gas stations Earn 1% on all other purchases 0% APR on balance transfers for 12 months Earn unlimited cash back by shopping within the Citi Dividend Merchant Network
Rating Intro APR Intro Period Annual Fee APR Grace Period 0% N/A 0 0% 0 Days
	0% introductory APR on purchases for up to 15 months 3.99% fixed APR on balance transfers for the life of the balance Free rewards program - Earn one point for virtually every dollar Earn points redeemable for travel, merchandise and more
Rating Intro APR Intro Period Annual Fee APR Grace Period 0% 15 Months 0 9.49% 20 Days
	Up to 2% in cash rebates at participating retailers Various card designs to select from. Up to $500,000 in travel accident insurance. Fraud and security protection services.
Rating Intro APR Intro Period Annual Fee APR Grace Period 0% 8 Months 0 9.99% 25 Days
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