You can choose any credit card with a balance transfer feature. It can be a card with low interest rate or a card with 0% intro APR. When intro APR ends an ongoing APR applies. However, paying off the card balance in full each month will help you avoid interest payments. If you choose to apply for a card with a zero intro APR on balance transfers, make sure introductory period is long enough for you to pay off the transferred balance in full within a given introductory period. If you fail, an ongoing APR will apply to the remaining balance. Also, some issuers require to request balance transfers within a certain period, so don’t forget to check if there is such restriction.
Another thing to consider when you transfer a balance is a balance transfer fee. Most issuers charge 3% of each balance transfer. However, even if you have to pay this fee, your savings should still be higher.
BALANCE TRANSFER CREDIT CARDS:
Intro APR on Balance Transfer: 0% 12 months on Balance Transfers
Ongoing APR on Balance Transfer: 15.74% - 25.74% (Variable)
Balance Transfer Fee: 3% of each balance transfer; $5 minimum.
Intro APR on Balance Transfer: 0% (first 12 billing cycles following each balance transfer that posts to your account within 45 days of account opening)
Ongoing APR on Balance Transfer: 18.24%, 22.24% or 25.24% variable based on your creditworthiness
Balance Transfer Fee: Either $5 or 3% of the amount of each transfer, whichever is greater
Intro APR on Balance Transfer: 0% Intro APR for 12 months
Ongoing APR on Balance Transfer: Variable APR of 15.24%, 19.24% or 25.24%
Balance Transfer Fee: Either $10 or 4%, whichever is greater, will apply on each balance transfer and credit card check