Choosing The Best Balance Transfer Credit Cards
When it comes to the best balance transfer credit cards, there are a number of options to choose from. There are many different companies that offer great introductory interest rates and other benefits to their credit cards. As you review the information that they provide, keep an eye out for any potential charges that might be associated with the account.
An excellent card will consist of the following:
* No annual fees
* Low interest rates
* A minimum of 12 months at 0% interest for a balance transfer
* Low retro fees
As we continue to look at the best balance transfer cards note that you will receive the best interest rates and benefits if you have a higher credit score. Before you apply for any credit card, be sure you know where you stand, as some offers might not be available to you.
Capital One
One of the best balance transfer credit cards, you will find that they offer features that meet most of your needs. To begin with their cards offer 15 – 18 months at 0% interest with any balance transfer, and up to 12 months at 0% interest on all purchases associated with the card as well.
Additional features on these cards include: Road Side Service, Traveler’s Insurance, No Liability for fraud, and no annual fees.
Citi Bank
This series of credit cards too have up to an 18 month period of balance transfers with 0% interest. Best of all this same time frame is given to all purchases that occur on these cards as well. They are full of fraud monitoring and prevention measures that should give the general consumer peace of mind. After the introductory period, the card’s percentage jumps in the range of 12.99 – 20.99%.
Discover
The third set of the heavy hitters offers 0% interest on balances transferred for up to 15 months, and there is up to 20.99% interest that is charged on balances after this time. Discover does off higher balances, and for those who have a considerable amount of debt they want to pay off at once with no interest, this can be the perfect solution.
Remember that when you are choosing the best balance transfer credit cards, your main goal is to pay off the debts you are saving money on. If you are looking for a temporary solution, there are other cards that might work better for you.
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