Best Balance Transfer Credit Cards
Credit cards can be classified into many types. To name a few for example, there are gas credit cards, store cards and so on. However, this article entirely focuses on the best balance transfer credit cards. Let us look in detail.
Best Balance Transfer Credit Cards
There are many reasons as to why zero best balance transfer cards would be an ultimate solution for you. Apart from paying lower rate of interest on the present card debts, you will be even able to start repaying the outstanding balances faster when compared to before. If you look at the present credit card statements, you will literally see that interest charges will be added into your balances per month. The least amount sum you make all through a month is hardly sufficient to cover up the sum of cash you have just paid.
What You must Know About the 0% Best Balance Transfer Cards And Its Offers
Rather than paying off such higher interest rate of interests on the debts, a person has an alternative of transferring entire balances from the store cards or credit cards to fresh credit card, which charges very less.
Most of the best balance transfer cards provide only extend of introductory six months. This simply means that after initial short interest rate time is completed, the rate of interest reverts to high standard purchase rates for that specific card. If you are cautious regarding shopping around prior applying for 0% credit card, then you must look for a credit card, which offers competitive rate of interest after period ends.
This literally means, if a person cannot repay the entire debt prior to balance transfer offers end, he or she will be still paying low rate of interest when compared to what he or she is paying at present. You will be still saving money as to how much the debts are costing right now.
You must also test out whether if there are any yearly account fees charged into the account one is willing for switching over to. There are times when banks charge 0% rates of interests that make their lost benefits by charging the customers high annual fees.
You must even take some amount of time for checking if whether you are been charged balance transfer charges. This is the fee estimated as percentage of sum you are just transferring from the old cards to the new credit cards, which could be then added into debt levels.
Best credit card for balance transfers
Slate from none other than Chase
- No annual charges
- One of the best credit card for balance transfer in the current market
- 0% Introductory APR for first 15 months at purchases as well as balance transfers
- $0 Introductory balance transfer charges for transfers that are made while initial sixty days when account is opened
- Regular variable Annual Percentage Rate between 11.99% and 21.99%
Discover It
- Yet another best credit card for balance transfers
- There are no annual charges
- 0% Introductory Annual Percentage Rate on all the balance transfers of initial 18 months
- 3% fees on balance transfer
- Regular variable Annual Percentage Rate between 10.99% and 22.99%
Citi Diamond
- This is one of the best balance transfer credit cards in the market at present
- There are no annual charges
- 0% Introductory Annual Percentage Rates on all balance transfers as well as purchases for initial 18 months
- 3% charges on balance transfers and $5 minimum
- Regular variable Annual Percentage Rate between 11.99% and 21.99%
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