Customers can save money by using balance transfer... - Products News

ADVERTISING DISCLOSURE

ADVERTISING DISCLOSURE:
Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from most credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » News » Products » Customers can save money by using balance transfer credit cards

Customers can save money by using balance transfer credit cards

Customers can save money by using balance transfer credit cards
The content is accurate at the time of publication and is subject to change.
This content is not provided by Citi. Any opinions, analyses, reviews or recommendations expressed here are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by the Citi.

It is no secret that the balance transfer credit cards provide borrowers and credit card holders a great chance to consolidate all their credit card debt into one account and thereby save money. Balance transfer credit cards are also being used as a great strategy by some of the card issuers, who are willing to offer very attractive offers to customers, to bring them over to use their credit card instead. Some of the balance transfer offers are quite attractive and therefore help customers save a lot of money; others however could be slightly deceptive. It is up to the customer to take a call on whether to go for the balance transfer based on the deal or whether to stick to their original credit card.


One of the cards that offer a 0% APR during the introductory period for a balance transfer is the Capital One Platinum Prestige credit card. The 0% interest rate is applicable on the balance transferred as well as all purchases made until December 2011. This provides the customers with an opportunity to transfer their balance to this card, and also make purchases on it going forward, while they escape interest on their debt until December of this year. This card also offers a few more benefits apart from the 0% introductory offer. The card doesn’t charge any annual fee for the customers. There is also a 24 hour roadside assistance, for customers who has the feature, in case of an emergency while travelling by road. There is also a travel accident insurance offered by this credit card.


Once the introductory period is over, the APR for the card will vary between 10.9% and 18.9% depending upon the credit scores of the applicants. Although a reduction in the volume of credit card usage was seen in recent times, there has been an increase in holiday sales compared to last year. A greater part of this sales increase was also from credit card transactions. Credit card users had some benefits during holiday shopping. Among them was the cash back incentives.


Citi Platinum Select MasterCard, is another credit card that offers a 0% APR for an initial period of 12 months for purchases, and for 24 months for the balance transfers.

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.
Add to Favorites:

Related News:

Discover Cuts Price Protection Benefits from Credit Cards

Posted: August 20, 2018

If you have a Discover card and like the Price Protection benefit that comes with it, you might want to take advantage of it sooner than later. Discover has decided to do away with this benefit. This benefit will no longer be part of your ... Continue reading
The New Citizens Bank Cash Back Plus World MasterCard

Posted: August 17, 2018

Citizens Bank has rolled out their new Cash Back Plus World MasterCard, offering cardholders 1.8% cash back when they go shopping. This is an upgraded version of their previous card. With this new version, cardholders can earn unlimited ... Continue reading
Bonus for the IHG Rewards Club Premier Card Gets an Upgrade

Posted: August 16, 2018

Have you been thinking about applying for the IHG Rewards Club Premier credit card? If so, you may want to check it out now because they just increased the bonus - bumping it up from 80,000 points to 100,000 points. Cardholders get the ... Continue reading
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com, or wholesale clubs up to the quarterly maximum each time you activate.
For Excellent, Good Credit
INTRO OFFER: Discover will match ALL the Miles you've earned at the end of your first year, automatically. For example, if you earn 30,000 Miles, you get 60,000 Miles.
For Excellent, Good Credit
0% Intro APR on Balance Transfers and Purchases for 18 months. After that, the variable APR will be 15.74% - 25.74% based on your creditworthiness
For Excellent, Good Credit
You've successfully subscribed!

Please specify the following:All these fields are optional

Your Credit History
Themes you are interested in:

By providing this information you help us make our news letters more useful and informative. Thank you!