The enticement of a balance transfer offer is that your outstanding balance will accrue 0% interest for a fixed period of time, allowing you to make some headway on paying down your debt. Here are some things to consider before filling out a balance transfer[...]
0% INTRO APR
Best 0% APR Balance Transfer Offers
Balance transfer credit card is a great way out for those who are paying high interest on their current credit cards. 0 Balance transfer credit card offers enable you to move your outstanding balance from an old credit card to another one with more advantageous terms, like 0% introductory APR or low interest rates.
0% balance transfer credit cards may help you save money on interest charges in the long run by giving you some relief for the duration of the promotional rate. This introductory low or 0 interest period can last from 6 to 18 months.
If you currently own a credit card with a high interest rate and carry a large outstanding balance on it, the following 0% APR balance transfer offers may help you save money and pay off your debt faster. Choose and apply today!
- 0% Intro APR on Balance Transfers and Purchases for 18 months. After that, the APR will be 11.99%-21.99% based upon your creditworthiness.
- No annual fee.26
| Bank Name Card Name |
Intro APR BAL.TR. | Intro Period BAL.TR. | APR % | Balance Transfer Fee | Annual Fee | Apply | ||||||||
|
0%26 | 18 months26 | 11.99% - 21.99%26 (V) | 3% ($5 min) | $026 |
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0% | 12 months | 10.99% - 19.99%± Variable | 0% | $0 |
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0%26 | 18 months26 | 12.99% - 21.99% (V) | 3% ($5 min) | $026 |
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0%26 | 18 months26 | 11.99% - 21.99%26 (V) | 3% ($5 min) | $026 |
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0% | Until May 2013 | 10.9% - 18.9% (V) | 3% | $0 |
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0% | 15 months | 10.99% - 20.99%± Variable | 3%± | $0 |
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0% | Up to 12 months57 | 11.99% - 21.99%8 (V) | 0%8 | $0 |
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| Purch.--Purchases | Bal.Tr.--Balance Transfers | n/a--Not Applicable |
| Selected from all categories: 0 |
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Read Before You Apply For 0% Balance Transfer Credit Cards
A balance transfer credit card application is a smart move if you have a debt on your current credit card or cards, are paying high interest on it, and most important - are committed to paying off this balance. Before you apply, read on and find out what to pay attention to while choosing a best 0 balance transfer credit card for you; how to use it to your best advantage and make this deal profitable.
Choosing balance transfer credit card offers
Of course, the very first thing you look at is interest rate and the length of the introductory period if it is applicable. To attract new customers credit card companies usually offer a 0% APR balance transfer as an incentive. This promotional rate usually lasts from 6 up to 18 months. After this teaser rate is over, a regular APR is applied to transferred balances. Make sure you pay attention to this regular rate as well.
0% APR on purchases is something you should look for also, especially if you plan to make charges to your new credit card. As a rule, payments are applied to low interest balances first, so your 0% balance transfer will be paid off before your new purchases or cash advances.
Credit card companies usually charge a balance transfer fee that is usually 3-4% of the transferred amount, but can be as high as 5%. Unlike in the earlier days, banks do not set a limit on how high this fee can be, so, if you move a total of $5,000, your charge may run up to $250.
Taking full advantage of your 0% balance transfer credit card
To enjoy all the benefits of 0% APR balance transfers, you should avoid new purchases or cash advances. Make sure you know the order of payments set for your account, and if payments are applied to lowest interest balances first, these new transactions may end up accruing large amounts in interest charges. You definitely do not want that.
Remember that promotional low interest balance transfer credit card offers only last a certain period and if you make a late payment, or exceed your limit, you may lose your low rate.
You can submit a request for 0 balance transfer right with the initial credit card application or any time afterwards. Often the introductory low interest rate is applied to balances transferred by a certain date, any other requests may be subject to different APRs.
Knowing your credit line is also important if you have a large debt to move. A $20,000 balance transfer won't work with a $5,000 limit credit card. Keep in mind that credit limit is usually set after a bank reviews your information.
Also bear in mind that repeated applications for 0 balance transfer credit cards is not the best either. Though you will avoid paying interest as long as promo low interest offer lasts, it can backfire and tell on your relationships with creditors. Besides your cardholder agreement may have provisions against this.
Read terms and conditions to know of any possible pitfalls and ensure a successful transfer.
Balance Transfer Credit Card Types
There is a wide variety of balance transfer credit cards available. Below are some of the most common types:
Low-interest or 0 balance transfer credit cards feature one of the following - introductory 0% APR on balance transfers and purchases; low introductory APR that changes to a higher rate later; or a low fixed-rate APR. These offers enable you to save significantly on interest charges.
Instant approval credit cards provide an instant response to your application in less than 60 seconds after you submit your information. These cards help you save time, enable you to make important decisions and plans faster. You don't need to wait for an answer long, if you need a decision fast.
Balance transfer credit card offers with no annual fee as the name implies have no fee for account maintenance and help you save on your card costs annually.
Cashback balance transfer credit cards reward you for everyday purchases. You can earn up to 5% cash back on purchases in certain categories, like travel, apparel, dining, groceries, and more. These offers are especially great for those who are faithful about paying off balances each month.
Gas credit cards are similar to cash back ones, they help you earn more rewards for gasoline and car related purchases along with regular rebates on all other purchases.
Balance transfer credit cards with points rewards give you points for credit card purchases, they can be later redeemed for a variety of items, including frequent flyer miles, hotel discounts, discounts, gift cards, merchandize and more. You will earn points as long as you make at least minimum payments on time every month.
Travel and airline credit cards for frequent flyers award "mile" or "point" credits whenever you use your card, based on the dollar amount of your card purchases over a period of time. You can redeem your points for airline tickets or travel discounts, much like you would in an airline-sponsored frequent flyer program. There may be other redemption options available as well, like hotel nights, gift cards, charity, discounts, and more. If you travel frequently, these offers will help you save money on travel.
Maximize the Chance
of getting approved on credit card
- Don't apply for multiple credit cards over a short period of time.
- Don't apply for a card you're not likely to get.
- Applying for a credit cards and being declined only damages you credit.
Know Your Credit Score, we recomment that you check the credit score before you apply.
Credit Score
A credit score is simply a numerical representation of your credit worthiness. The majority of lenders use some sort of credit scoring model to help predict what kind of credit risk you may be. In most cases your credit score will determine whether or not you will be approved for a credit card.
Credit Calculator
How long will it take to
pay off my balance?
pay off my balance?
This credit calculator can help you manage your money by showing you:
- How long it could take to repay a credit card balance based on your monthly payment.
- The payment required if you want to repay the balance over a shorter period of time.
Important
Q: I have applied for a credit card but my application was rejected... What now?
A: Order your credit report and credit score. It will give you a clear picture of your present credit rating and will help you make necessary decisions on how to build your credit history and increase your credit worthiness.
FOUND
A CONFUSING TERM?
A CONFUSING TERM?
Look it up in our
Credit Card Glossary!
8 See the Chase card terms and conditions online.
26 See the Citi card terms and conditions online.
57 Elite and Premium Pricing: A 0% Intro APR for the first 12 months following the opening of your account. After that, 11.99% variable for Elite Pricing, or 16.99% variable for Premium Pricing. Standard Pricing: A 0% Intro APR for the first 6 billing cycles following the opening of your account. After that, 21.99% variable.