"Comparisons and secure applications
of the best credit card offers online."
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"Comparisons and secure applications of the best credit card offers online." |
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Balance Transfer |
The primary focus of cards in the Balance Transfer category is to not only permit the transfer of balances from another card, but to also have a low rate for either an introductory period, or a permanent low rate. These cards can be an excellent way to save substantial interest for those in a situation where they carry a monthly balance on a high rate card. Be sure to make timely monthly payments since the default rates applied when payments are missed will surely negate any benefits from making the transfer. Finally, many issuers offer bonuses and rewards so these must be examined to get the best deal. |
Updated: 5/16/2012 |
| Official Data and Rates | Features | More Info |
|---|---|---|
Discover® More® Card
Credit Level: Excellent
Annual Fee: $0.00*
Norm Rate: 10.99-20.99% (Variable)*
Intro Rate: 0.00*
Intro Period: 15 Mo. on purchases*
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0% intro APR on purchases and balance transfers for 15 months, then the variable standard purchase APR of 10.99% - 20.99%* 5% Cashback Bonus® in categories that change like gas, restaurants, department stores and more. Limitations apply* Up to 20% Cashback Bonus at popular retailers when you shop online through Discover.com Discover is ranked #1 in customer loyalty--16 years in a row! (2012 Brand Keys Customer Loyalty Engagement Index report) 24/7 access to a U.S.-based Account Manager within 60 seconds $0 Fraud Liability plus automatic mobile and email fraud alert options Great rewards with no annual fee, no rewards redemption fee, and no additional card fee *Click apply to view rates, fees, rewards, limitations and other important information |
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Citi® Platinum Select® Visa®
Credit Level: Excellent
Annual Fee: $0.00*
Norm Rate: 11.99-21.99% (Variable)*
Intro Rate: 0.00*
Intro Period: 18 Mo. on purchases*
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0% Intro APR on balance transfers and purchases for 18 months. After that, the variable APR will be 11.99%-21.99% based on your creditworthiness.* Extra Cash from Citi: enjoy discounts on gift cards, travel, merchandise and more Citi® Identity Theft Solutions No annual fee* |
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Capital One® Platinum Prestige Credit Card
Credit Level: Excellent
Annual Fee: $0.00*
Norm Rate: 10.90-18.90% (Variable)*
Intro Rate: 0.00*
Intro Period: Until 09/2013 on purchases*
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0% intro APR until September 2013 on balance transfers 0% intro APR until September 2013 on purchases No annual fee $0 Fraud Liability if your card is lost or stolen 24-hour travel assistance gives you a replacement card and cash advance 24-hour roadside assistance Pick an image for your card—choose the one shown here, any of the hundreds in our collection, or add your own |
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Slate® from Chase
Credit Level: Excellent
Annual Fee: $0.00*
Norm Rate: 11.99-21.99% (Variable)*
Intro Rate: 0.00*
Intro Period: 15 Mo. on purchases*
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No Balance Transfer Fee!* 0% Intro APR for 15 months on purchases and balance transfers Transfer your higher rate balances during the first 30 days your account is open and you will pay no balance transfer fee! After the first 30 days, the fee for future balance transfers is 3% of the amount transferred with a minimum of $5 Avoid interest on everyday purchases Pay down your balance faster Zero liability on unauthorized purchases* No Annual Fee* |
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Citi® Dividend Platinum Select® Visa® Card
Credit Level: Very Good
Annual Fee: $0.00*
Norm Rate: 12.99-22.99% (Variable)*
Intro Rate: 0.00*
Intro Period: 12 Mo. on purchases*
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$100 cash back after $500 in purchases within the first 3 months of account opening 0% Intro APR on Balance Transfers and Purchases for 12 months. After that, the APR will be 12.99%-22.99% variable based on your creditworthiness* Earn 5% cash back at The Home Depot and on Home Furnishing and Home & Garden purchases from 4/1/12 to 6/30/12 when you enroll. Each quarter, you can enroll to earn additional cash back in popular categories. Full 1% cash back on all other purchases and eligible cash advances. No annual fee* |
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Iberiabank Visa® Select Card
Credit Level: Very Good
Annual Fee: $35.00*
Norm Rate: 7.50-11.50% (Fixed)*
Intro Rate: 0.00*
Intro Period: 12 Mo. on purchases*
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Introductory Rate of 0.00% or 7.50% based on creditworthiness for 12 months from date opened on Purchases. This rate will not change during the introductory period. Intro APR on Balance Transfers of 1.99% or 7.50% for the first 12 billing cycles. After that, APR will be the same as your assigned purchase rate, based on your creditworthiness. Low Ongoing Variable Rate APR after introductory period of 7.50%, 9.50%, or 11.50% based on your creditworthiness. This APR will vary with the market based on the Prime Rate. Online access to credit card account information Low Annual Fee of $35.00 |
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Citi ThankYou® Card
Credit Level: Excellent
Annual Fee: $0.00*
Norm Rate: 12.99-22.99% (Variable)*
Intro Rate: 0.00*
Intro Period: 15 Mo. on purchases*
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Enjoy 0% Intro APR on Balance Transfers and Purchases for 15 months. After that, the variable APR will be 12.99% - 22.99% based upon your creditworthiness* Plus earn 1 ThankYou Point for every $1 you spend on purchases Earn an anniversary bonus on points earned from purchases every year* Enjoy no limit on the number of points you can earn Redeem ThankYou Points for merchandise, travel rewards, gift cards, cash and more No annual fee* |
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| All reasonable efforts are made to collect and provide accurate information about current Balance Transfer credit card offers. Due to the dynamic nature of credit card issuers objectives and requirements, all information is presented without warranty. You may click in the "Apply Now" column to review the Balance Transfer credit card offer, terms and conditions on the credit card issuer's web site. |
Balance Transfer |
The category of Balance Transfer is, as its name implies, those cards that lend themselves toward transferring the balance from a higher APR card to a lower APR card. When these offers first became popular several years ago, most consumers could immediately gain a nice savings by transferring their balance from what was a substantially higher APR to a more reasonable rate. This process of shuffling balance amongst different banks has lead to some changes in the programs offered by almost all issuers.
First and foremost, look for a balance transfer fee. This will be a percentage charged for the privilege of accepting the lower rate. Most cards today have a transfer that can offset some of the savings you will enjoy from the low rate offer. Also, consider the length of the lower or zero rate offer. If the transfer charge is 5% and the term is 6 months of 0%, you are still incurring a 10% annual charge that may be more than your current rate. On the other hand a 2% fee over 18 months results in %1.3 over the course of the intro period. On the flip side, the new Card Act legislation has a great new rule. Any payment that you make on your card that is in excess of the interest portion of your bill must be applied to the highest rate balance first. Thus, if you transfer in a balance at 0% for 12 months and routinely pay extra each month, you will see your higher rate principle dwindle faster. Still one of the most popular categories of credit card offers, Balance Transfers now require a little bit of math before jumping in with the idea of having truly free money. |
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