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Sunday, December 21st 2014

Balance Transfer Credit Cards

The following balance transfer credit card offers from our partners are designed to help people consolidate their credit card debt onto one card, thus saving money on interest charges. Some of the credit card offers below even feature a low introductory 0% APR interest rate on credit card balance transfers.

Discover it®
Email offer
Discover it

At Discover's
secure site

--OR--

Call Discover at
877-419-9478

Discover it Application
Balance Transfers Regular APR Annual Fee  Potential Savings Estimate*
Intro APR Intro APR Period Fee
0% 18 months 3.00% 10.99% - 22.99% Variable* $0

Chase Slate®
Email offer
Chase Slate

At Chase's
secure site

Chase Slate
  • $0 introductory balance transfer fee for transfers made during the first 60 days. After that, the fee for future balance transfers is 3% of the amount transferred with a minimum of $5.
  • Pay less interest. Save on balances and new purchases.
  • 0% Introductory APR for 15 months on purchases and balance transfers. After the introductory period ends, a variable APR of 12.99%, 17.99%, or 22.99%.
  • $0 Annual Fee.
  • This offer is for people with a good to excellent credit history which means, among other things, that your credit history is clear of bankruptcy and seriously delinquent accounts.
  • See complete Chase Slate® details
Balance Transfers Regular APR Annual Fee  Potential Savings Estimate*
Intro APR Intro APR Period Fee
0% 15 months 0.00% 12.99%, 17.99%, or 22.99% (V) $0

BankAmericard® Visa® Card
Email offer
BankAmericard Visa Card

At Bank of America's
secure site

--OR--

Call Bank of America at
877-827-8836

BankAmericard Visa Card Application
  • 0% Introductory APR for 15 billing cycles for purchases and for any balance transfers made in the first 60 days, then, 10.99% - 20.99% variable APR
  • No annual fee
  • The perfect card for those seeking a simple yet convenient-to-use credit card
  • Our $0 Liability Guarantee, so you're not responsible for any fraudulent charges made on your account
  • Chip technology for enhanced security at chip-enabled merchant terminals
  • See complete BankAmericard® Visa® Card details
Balance Transfers Regular APR Annual Fee  Potential Savings Estimate*
Intro APR Intro APR Period Fee
0%* 15 billing cycles for qualifying balance transfers* 3.00% 10.99% - 20.99% Variable* on purchases & balance transfers $0

Capital One® Quicksilver® Cash Rewards Credit Card
Email offer
Capital One Quicksilver Cash Rewards Credit Card

At Capital One's
secure site

--OR--

Call Capital One at
888-812-7376

Capital One Quicksilver Cash Rewards Credit Card Application
  • One-time $100 bonus after you spend $500 on purchases within the first 3 months
  • Earn unlimited 1.5% cash back on every purchase, every day
  • No rotating categories and no sign ups needed to earn cash rewards
  • Cash back doesn't expire and there's no limit to how much you can earn
  • 0% intro APR on purchases until September 2015; 12.9%-22.9% variable APR after that
  • Balance transfers also have a 0% intro APR until September 2015, a 3% fee applies to each balance transferred
  • Pay no annual fee or foreign transaction fees
  • Capital One® Credit Tracker—the free way to easily monitor your monthly credit score anytime, anywhere
  • See complete Capital One® Quicksilver® Cash Rewards Credit Card details
Balance Transfers Regular APR Annual Fee  Potential Savings Estimate*
Intro APR Intro APR Period Fee
0% Until 09/2015 3.00% 12.9% - 22.9% (Variable) $0

BankAmericard Cash Rewards™ Credit Card
Email offer
BankAmericard Cash Rewards Credit Card

At Bank of America's
secure site

--OR--

Call Bank of America at
877-831-6028

BankAmericard Cash Rewards Credit Card Application
  • Online-exclusive $100 cash rewards bonus after you spend at least $500 on purchases in the first 90 days of account opening
  • 1% cash back on every purchase, 2% at grocery stores and 3% on gas for the first $1,500 in combined grocery store and gas purchases each quarter
  • No annual fee
  • No changing categories and your rewards do not expire
  • Bank of America customers: Get a 10% customer bonus every time you redeem cash back into a Bank of America® checking or savings account
  • 0% Introductory APR for 12 billing cycles for purchases and for any balance transfers made in the first 60 days, then, 12.99% - 22.99% variable APR
  • See complete BankAmericard Cash Rewards™ Credit Card details
Balance Transfers Regular APR Annual Fee  Potential Savings Estimate*
Intro APR Intro APR Period Fee
0%* 12 billing cycles for qualifying balance transfers* 3.00% 12.99% - 22.99% Variable* on purchases & balance transfers $0

Citi Simplicity® Card
Email offer
Citi Simplicity Card Application

At Citi's
secure site

--OR--

Call Citi at
877-328-9712

Citi Simplicity Card Offer
  • 0% Intro APR on Balance Transfers and Purchases for 18 months. After that, the variable APR will be 12.99% - 22.99% based on your creditworthiness.
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater.
  • No late fees - Ever
  • No penalty rate - Ever
  • No annual fee - Ever
  • Save time when you call with fast, personal help, 24 hours a day.
  • See complete Citi Simplicity® Card details
Balance Transfers Regular APR Annual Fee  Potential Savings Estimate*
Intro APR Intro APR Period Fee
0%* 18 months* 3.00% 12.99% - 22.99%* (Variable) $0*

Citi® Diamond Preferred® Card
Email offer
Citi Diamond Preferred Card

At Citi's
secure site

--OR--

Call Citi at
877-342-7930

Citi Diamond Preferred Card Application
  • Get 0% Intro APR on Balance Transfers and Purchases for 18 months. After that, the APR will be 11.99%-21.99% based upon your creditworthiness.*
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer.
  • Citi® Easy DealsSM Get what you want for less. Earn Citi Easy Deals Points for the purchases you make with your card.
  • Redeem your points for great online deals on name-brand merchandise, gift cards and even local deals.
  • Let our 24/7 concierge service help book your hotel rooms, flights and more.
  • $0 liability on unauthorized purchases and Citi® Identity Theft Solutions.
  • No annual fee*
  • See complete Citi® Diamond Preferred® Card details
Balance Transfers Regular APR Annual Fee  Potential Savings Estimate*
Intro APR Intro APR Period Fee
0%* 18 months* 3.00% 11.99%-21.99%* (Variable) $0*

Chase Freedom®
Email offer
Chase Freedom

At Chase's
secure site

Chase Freedom
  • Earn a $100 Bonus after you spend $500 on purchases in your first 3 months from account opening
  • 5% Cash Back on up to $1,500 in combined purchases between 1/1/15—3/31/15 at grocery stores (not including Walmart® and Target® purchases), movie theaters, and Starbucks® stores
  • Earn a $25 Bonus after you add your first authorized user and make a purchase within this same 3-month period
  • 0% Intro APR for 15 months on purchases and balance transfers. After the intro period, a variable APR of 13.99-22.99%
  • You'll enjoy new 5% categories every 3 months like restaurants, gas stations, and Amazon.com. It's free and easy to activate your bonus each quarter!
  • Unlimited 1% Cash Back on all other purchases
  • No annual fee and rewards never expire as long as your account is open
  • This offer is for people with a good to excellent credit history which means, among other things, that your credit history is clear of bankruptcy and seriously delinquent accounts
  • See complete Chase Freedom® details
Balance Transfers Regular APR Annual Fee  Potential Savings Estimate*
Intro APR Intro APR Period Fee
0% 15 months 3.00% 13.99%-22.99% (Variable) $0

Citi® Double Cash Card
Email offer
Citi Double Cash Card

At Citi's
secure site

--OR--

Call Citi at
877-589-1038

Citi Double Cash Card Application
  • The only card that earns you cash back twice on every purchase with: unlimited 1% cash back when you buy, plus an additional 1% cash back as you pay for those purchases*
  • 0% Intro APR on Balance Transfers and Purchases for 15 months. After that, the variable APR will be 12.99%-22.99%, based on your creditworthiness*
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater
  • No Category Restrictions, No Caps, No Enrollments in Rotating Categories
  • No Annual Fee
  • See complete Citi® Double Cash Card details
Balance Transfers Regular APR Annual Fee  Potential Savings Estimate*
Intro APR Intro APR Period Fee
0% 15 months* 3.00% 12.99% - 22.99%* (Variable) $0*

Citi Simplicity® Card
Email offer
Citi Simplicity® Card

At Citi's
secure site

--OR--

Call Citi at
877-326-6072

Citi Simplicity® Card
  • 0% Intro APR on Balance Transfers and Purchases for 18 months. After that, the variable APR will be 12.99% - 22.99% based on your creditworthiness.
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater.
  • No late fees - Ever
  • No penalty rate - Ever
  • No annual fee - Ever
  • Save time when you call with fast, personal help, 24 hours a day.
  • See complete Citi Simplicity® Card details
Balance Transfers Regular APR Annual Fee  Potential Savings Estimate*
Intro APR Intro APR Period Fee
0%* 18 months* 3.00% 12.99% - 22.99%* (Variable) $0*


Choosing a balance transfer credit card

Balance transfers can be a great tool for managing finances, if you use them to strike a course toward freedom from debt, not to put yourself on a path toward more of it.

It gives you a fresh chance to pay off debt without high interest compounding the debt each month, because balance transfer offers usually come with an introductory period during which little or no interest is charged.

It does not, however, grant you "card blanche" to ring up new charges. That's the temptation that will be dangled in front of you: Cards with a 0 percent balance transfer period often come bundled with a 0 percent period for new purchases. These combo offers have become the norm, found in nine out of 10 balance card offers.

That means one part of your brain -- let's name it Responsible You -- will wisely seek a good balance transfer card, determined as you are to whittle down a debt. But then that same card will whisper to you "Take me out and use me, I won't charge you interest -- yet." Irresponsible You will be tempted. Resist, or the move you took to eliminate debt will add it instead.

Before the transfer, set your goal and then do the math. In the goal-setting department, one key question is: How much can you realistically afford to devote each month to paying off your balance? Knowing that number will help you set a payoff date. If you're math-challenged, don't worry. A balance transfer calculator will help crunch the numbers.

The process itself is relatively simple. You can call the issuer to transfer the debt, perform the transfer online or use a convenience check provided by the issuer. But here's the part that trips people up: Don't immediately stop making payments to your old issuer. Continue to make minimum payments on the old card until your old issuer confirms that the balance has been transferred per your instructions.

Once the transfer has been made,  keep an eye on your bank statements to verify the debt has been passed successfully, and then faithfully make your new payments to start knocking that debt down in size.

More balance transfer news


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* See the online balance transfer credit card applications for details about terms and conditions of offer. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. When you click on the " Apply Now" button you can review the credit card terms and conditions on the issuer's web site.


 
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