List Of Balance Transfer Credit Cards

Introduction:

Balance transfer credit cards are a type of credit card that allows consumers to transfer their existing credit card balances to a new card with a lower interest rate. This can be a great way to save money on interest charges and reduce the amount of time it takes to pay off credit card debt. In this essay, we will take a closer look at some of the key benefits of balance transfer credit cards and provide a list of top balance transfer credit cards on the market today.

Related: How To Pay Off Credit Card Debt

The industry standard for balance transfer credit cards is to offer a 0% introductory APR for a certain period of time, typically ranging from 12-21 months. This allows cardholders to transfer their existing credit card balances to the new card and pay off the balance without accruing interest.

Many balance transfer credit cards also offer additional perks such as rewards on everyday purchases, access to concierge services, and protection for cell phones. Some even offer introductory balance transfer fees, waiving the usual fee for transferring balances within the first few months of account opening.

It is important to carefully read the terms and conditions of a balance transfer credit card before applying, as some may have limitations on the amount that can be transferred and may charge a higher interest rate after the introductory period ends.

Overall, the industry standard for balance transfer credit cards is to provide a convenient and cost-effective way for consumers to pay off their credit card debt without accruing additional interest.

  1. Save Money on Interest Charges: The biggest benefit of a balance transfer credit card is the ability to save money on interest charges. By transferring your existing credit card balances to a card with a lower interest rate, you can significantly reduce the amount of money you pay in interest charges over time. This can be especially useful if you have a large amount of credit card debt with high interest rates, as it can help you pay off your debt faster and save you money in the long run.
  2. Reduce Your Monthly Payments: Another benefit of balance transfer credit cards is that they can help reduce your monthly credit card payments. By transferring your balances to a card with a lower interest rate, you will typically have a lower monthly payment, which can make it easier to manage your credit card debt and free up more of your income for other expenses.
  3. Introductory 0% Interest Rate Offers: Many balance transfer credit cards offer introductory 0% interest rate offers for a limited time, typically ranging from six to eighteen months. This means that you can transfer your existing credit card balances to the new card and pay no interest on those balances for the introductory period. This can be a great way to save money on interest charges and make it easier to pay off your credit card debt without incurring additional interest charges.
  4. Additional Features and Perks: In addition to the benefits mentioned above, many balance transfer credit cards also offer additional features and perks, such as rewards programs, cash back offers, and other incentives. These can be a great way to save even more money and make the most of your credit card.

Top Balance Transfer Credit Cards:

  1. Discover it® Balance Transfer

With a 0% introductory APR for 18 months on balance transfers, the Discover it® Balance Transfer credit card offers one of the longest introductory periods available. Additionally, there is no annual fee and cardholders can earn rewards on everyday purchases.

  1. Chase Slate®

The Chase Slate® credit card offers a 0% introductory APR for 15 months on balance transfers, with no balance transfer fee for transfers made within the first 60 days of account opening. Cardholders also have access to free credit score tracking and tools to help manage their credit.

  1. Citi Simplicity® Card

The Citi Simplicity® Card offers a 0% introductory APR for 21 months on balance transfers, with no late fees, penalty fees, or annual fee. Cardholders also have access to Citi® Private Pass, which provides access to special events and offers.

  1. Capital One® Quicksilver® Cash Rewards Credit Card

The Capital One® Quicksilver® Cash Rewards Credit Card offers a 0% introductory APR for 15 months on balance transfers, with no annual fee. Cardholders can earn unlimited 1.5% cash back on all purchases, with no rotating categories or sign-ups required.

  1. Bank of America® Cash Rewards Credit Card

The Bank of America® Cash Rewards Credit Card offers a 0% introductory APR for 15 billing cycles on balance transfers, with no annual fee. Cardholders can earn 3% cash back in their choice of one of six categories, 2% cash back at grocery stores and wholesale clubs, and 1% cash back on all other purchases.

  1. Wells Fargo Platinum Visa® Card

The Wells Fargo Platinum Visa® Card offers a 0% introductory APR for 18 months on balance transfers, with no annual fee. Cardholders have access to cell phone protection and 24/7 concierge services, as well as the option to earn rewards on everyday purchases.

  1. American Express Blue Cash Everyday® Card

The American Express Blue Cash Everyday® Card offers a 0% introductory APR for 15 months on balance transfers, with no annual fee. Cardholders can earn cash back on everyday purchases, with 3% cash back at U.S. supermarkets (up to $6,000 per year in purchases), 2% cash back at U.S. gas stations and select U.S. department stores, and 1% cash back on other purchases.

  1. Barclays Arrival® Premier World Elite Mastercard®

The Barclays Arrival® Premier World Elite Mastercard® offers a 0% introductory APR for 18 months on balance transfers, with no annual fee. Cardholders can earn 2x miles on all purchases, with no limit on the amount of miles they can earn. They also have access to a variety of travel benefits, including complimentary upgrades and discounts on rental cars and hotels.

  1. U.S. Bank Visa® Platinum Card

The U.S. Bank Visa® Platinum Card offers a 0% introductory APR for 20 billing cycles on balance transfers, with no annual fee. Cardholders have access to a variety of benefits, including 24/7 concierge services, extended warranty protection, and cell phone protection.

  1. Credit One Bank® Platinum Visa® with Cash Back Rewards

The Credit One Bank® Platinum Visa® with Cash Back Rewards offers a 0% introductory APR for the first seven billing cycles on balance transfers, with no annual fee. Cardholders can earn cash back on their everyday purchases, with varying rewards rates based on their individual creditworthiness.

In conclusion, there are a variety of balance transfer credit cards available, each with their own unique features

Conclusion:

In conclusion, balance transfer credit cards can be a great way to save money on interest charges and reduce the amount of time it takes to pay off credit card debt. By transferring your existing credit card balances to a card with a lower interest rate, you can save money on interest charges, reduce your monthly payments, and take advantage of introductory 0% interest rate offers. Additionally, many balance transfer credit cards offer additional features and perks, such as rewards programs and cash back offers. Overall, balance transfer credit cards can be a valuable tool for managing your credit card debt and saving money on interest charges.

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