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Who can benefit from a balance transfer?
Answered on May 6, 2010
Updated on May 6, 2010
The content is accurate at the time of publication and is subject to change.
The concept of a balance transfer is meant to benefit the individual and the bank. Giving consumers a benefit of a better interest rate and giving the bank an opportunity to acquire new customers.
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.
questions RELATED TO THIS TOPIC
Can I transfer a balance to the SoFi credit card from another credit card?
In general, yes, the SoFi credit card issued by Goldman Sachs supports balance transfers. But it has no 0% Intro APR period so you won't have an opportunity to save on it. Thus, we would recommend you consider the...
I was interested in Bankamericard credit card but did't like that it has no rewards... Are there any cards with 0% on balance transfers and a rewards program?
You may find credit cards with 0% intro APR on balance transfers and rewards. For example, consider
Citi® Double Cash Card – 18 month BT offer (Citi is a Credit-Land.com advertising partner). It comes with 18 months of 0% intro APR on balance transfers (...
Are Amex bank cards the best options for balance transfers? I had to deal with this bank and was satisfied. Now thinking about Amex Blue card.
If the card you want to transfer balance from is issued by American Express, you won't be able to transfer balance to another AmEx credit card. You will have no choice but to consider credit cards from other banks. You may look for the best balance...
Can I transfer a balance to the Apple Card by Goldman Sachs from another credit card?
No, unfortunately, the Apple Cards credit card issued by Goldman Sachs does not support balance transfers. Thus, we would recommend you consider the best balance transfer credit card offers from our partners. Many of them offer...
0% Intro APR for 18 months on purchases from date of account opening and 0% Intro APR for 18 months on balance transfers from date of first transfer. After that the variable APR will be 13.74% - 23.74%, based on your creditworthiness. Balance transfers must be completed within 4 months of account opening.