Balance transfer promotional rates on the rise

Balance transfer promotional rates are getting more generous, with more cards offering lengthy interest-free promotional periods, according to the 2015 Balance Transfer Survey.

The survey found 85 of the 100 cards surveyed allow balance transfers, with 44 cards offering low APRs. Of those cards, 38 offer a promotional rate for at least 12 months, up from 33 cards in 2013. The number of cards offering a promotional period of 15 months or longer rose to 17 cards. Ten cards offered them the previous year.

Of the 44 cards with promotional low intro rates, 40 have a 0-percent interest rate while the other four have 4.99-13.90 percent interest rates.

Infographic Balance transfer promotions

See related: 0-percent balance transfer payoff calculator , More infographics

To use the graphic on your site, use the following code:

 <center><a href=""><img alt=" infographic Balance transfer promotions" border="0" src="" /></a> </center>

Join the discussion
We encourage an active and insightful conversation among our users. Please help us keep our community civil and respectful. For your safety, do not disclose confidential or personal information such as bank account numbers or social security numbers. Anything you post may be disclosed, published, transmitted or reused.

If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.

The editorial content on is not sponsored by any bank or credit card issuer. The journalists in the editorial department are separate from the company's business operations. The comments posted below are not provided, reviewed or approved by any company mentioned in our editorial content. Additionally, any companies mentioned in the content do not assume responsibility to ensure that all posts and/or questions are answered.

Weekly newsletter
Get the latest news, advice, articles and tips delivered to your inbox. It's FREE.

Updated: 03-26-2019