I have a Venus credit card, but I want to transfer my... - Balance Transfers Questions


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Credit Card Applications » Questions » User Questions » Balance Transfers » I have a Venus credit card, but I want to transfer my balance to another card with a lower...

I have a Venus credit card, but I want to transfer my balance to another card with a lower interest rate. Which card should I get?

Answered on | Updated on July 13th, 2016
The content is accurate at the time of publication and is subject to change.

Almost any general credit card will allow you to transfer a balance from another card. A lot of cards even offer an introductory interest rate of 0% on transfers. Be sure to look at the fine print, though, and see how long that rate will last and what the new APR will be.

You should also avoid any card that charges a balance transfer fee. They’re typically around 3%. That doesn’t sound like much, but it can add up fast. Plus, there’s no need to pay that fee. There are plenty of cards with a low APR and no transfer fees.

Some general credit cards charge an annual fee. It can be worth paying extra for one of these cards if it has the benefits you want. In addition offering more rewards, these cards sometimes have a lower APR and fewer fees. Consider your options carefully before deciding if a card is worth the extra cost.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
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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.

Excellent, Good Credit

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

Good/Excellent Credit
See Rates & Fees

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

Good, Excellent Credit
See Rates & Fees

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