Wednesday, 27 June 2012

Top Balance Transfer Credit Cards

Balance transfer credit cards have become extremely popular in today's economy. They provide consumers the ability to reduce interest, consolidate debt, and lower their monthly payments.

Here Are the Top Balance Transfer Credit Cards:

1. Citi Simplicity

  • 0% for a full 18 months on balance transfers
  • 0% for a full 18 months on purchases
  • You won’t believe this part, there are no late fees or APR hikes for missed payments
  • No annual fee
2. Discover More

  • 0% for a full 18 months on balance transfers
  • 0% for a full 6 months on purchases
  • 5% cash back in rotating categories like gas stations, department stores and more
  • No annual fee
3. Chase Freedom Visa

  • 0% for a full 15 months on balance transfers
  • 0% for a full 15 months on purchases + $100.00 bonus for spending $500 in first 3 mo.
  • 5% cash back in categories + 1% cash back on everything else
  • No annual fee
4. Chase Slate

  • 0% for a full 15 months on balance transfers
  • 0% for a full 15 months on purchases
  • No fee for balance transfers (which are made during the first 30 days)
  • No annual fee
5. Citi Diamond Preferred

  • 0% for a full 18 months on balance transfers
  • 0% for a full 18 months on purchases
  • Benefits include concierge service and more
  • No annual fee
6. Citi Platinum Select Visa

  • 0% for a full 18 months on balance transfers
  • 0% for a full 18 months on purchases
  • Extra Cash from Citi: enjoy discounts on gift cards, travel, merchandise and more
  • No annual fee
7. Citi ThankYou Card

  • 0% for a full 15 months on balance transfers
  • 0% for a full 15 months on purchases
  • Earn an unlimited 1 ThankYou point per dollar spent
  • No annual fee
8. American Express Blue Cash Everyday

  • 0% for a full 12 months on all your purchases
  • Unlimited 3% cash back at grocery stores, 2% at gas stations & dept. stores, 1% elsewhere
  • Free valuable benefits like purchase protection, extended warranty, and return protection
  • No annual fee

Before you go and apply for the balance transfer credit card offer, make sure you educate yourself on what to look for. There are three important factors to look for before you apply for one.

Tuesday, 26 June 2012

The Best Balance Transfer Credit Cards

The Secrets Behind The Best Balance Transfer Credit Cards

Finding the best balance transfer credit cards isn't as easy as one may think. While all the major banks and credit card issuers offer balance transfer deals, not all of these offers are the same. Not by a long shot. The great lure for most of these charge cards are the favorable interest rates being offered. Credit card companies such as Chase, Discover Card and American Express are very active in the credit card balance transfer market.

Now here is where they can and do differ. The interest rates that are offered are usually 0% APR, or well below the prime rate. These are always, without exception, introductory rates. They can last anywhere from 3 - 15 months. That time frame is rather substantial isn't it? If you are looking for the best balance transfer credit cards on the market you must be aware of the length of this introductory period.

Credit card companies are in business to make a profit, not to take a loss playing interest rate arbitrage. These intro rates are simply designed to bring in new customers. And it works very, very well. The issuers know that most people will not pay off their transferred balances before the introductory rates expire. They then charge the prevailing rate on the balance that remains.

What you want to look for if you are seeking to consolidate credit card debt is the longest introductory period that you can be granted. I suggest settling for nothing less than 12 months. The terms and conditions of the various offers will be spelled out on the credit card application. Take the time to read and understand them. You also want to know what fees will accompany the charge cards you are considering.

Even the best balance transfer credit cards will have a balance transfer fee. It usually runs around 3% and there really is no way of avoiding it. But with that said you should never apply for a card that charges an annual fee.

Beat the banks and credit card issuers at their own game. Pay off your balance before the introductory period ends and save yourself a whole boatload of money. Use that extra cash to treat yourself to something special. You deserve it.

You can go to to compare and contrast the best balance transfer credit cards as well as apply for a credit card of your choosing over the internet.

Monday, 25 June 2012

Zero Percent Credit Cards With No Balance Transfer Fee

Discover - Credit Card With No Balance Transfer Fee

Discover More Card offers a no balance transfer fee on top of a 0% introductory APR for the first year and cash back on most purchases, so you may actually save yourself more money than you think.

New qualifying Discover More customers can transfer any of their high interest balances to their Discover More Card fee free. This could translate to a savings of $250 or more on balances $5000 and up - plus you won't pay any interest on the balances you transfer if you pay them off within the first year. This could potentially save you hundreds of dollars on those balances depending on your former interest rates. Combine those savings with the cash back you can earn on nearly every purchase you make, and the fact that there is no annual fee to use this card, and you could be on the road to financial success in no time.

Although the fee free balance transfer is a limited-time promotion, there are still many other features to love about the Discover More Card:

No Annual Fee

Being a Discover card holder has never been better, especially since you can enjoy every perk the Discover More Card has to offer without paying a dime to do so.

0% Introductory APR on All Purchases For an Entire Year.

All your purchases for the first 12 months will be interest free. After that, your interest rate will fall between 11.99% - 20.99% depending on your creditworthiness. As with any credit card, if you miss any payments your 0% introductory APR will be forfeit and your APR could jump to between 16.99% - 25.99% and be applied to both new purchases and balance transfers on your account.

5% Cash Back Rewards All Year Long in Rotating Categories

The Discover More Card offers multiple ways for you to earn rewards, one of which is through their 5% cash back rotating categories. For example, from January - March you can earn "cash back rewards on up to $800 on your travel and restaurant purchases." The rest are as follows:
  • March - Grocery and Drug Stores
  • Apr-Jun - Home and Fashion
  • Jul-Sep - Gas, Hotels, Movies and Theme Parks
  • Oct-Dec - Restaurants and Fashion
Throughout the year the program categories change, allowing you to earn rewards where you shop the most, so remember to enroll every quarter to earn your extra cash back rewards. You should note that once you hit the 5% rewards cap that is set for each category, any additional purchases within those categories are earned at 1%.

5% - 20% earnings with ShopDiscover

Once you are a Discover card holder, simply login to your account and use the search portal to find participating retailers. Every purchase will earn you between 5% - 20% cash back rewards, deposited directly to you account.

Unlimited 1% Cash Back on Everything Else.

For all the other purchases you make with your Discover More Card, you can earn a full 1% cash back; as long as your total annual purchases exceed $3000. Your purchases up to $3000 will earn only. 25% cash back, and any eligible 5% cash back purchases and "warehouse" purchases will not count toward your annual purchases. This is definitely one of the largest drawbacks to this otherwise exceptional credit card, but there are ways you can exceed the $3000 minimum purchase limit. In addition to using your card everywhere you shop, pay things like your utility, cable, or phone bill online. Not only are you saving time and money and helping the environment at the same time, but you are also earning cash back rewards on every transaction. It's a win-win for everyone!

Easy Cash Back Reward Redemption

Once you earn at least $50 in rewards you can choose to have the money directly debited to your bank account, credited to your Discover More account, or redeemed for gift cards or merchandise from top retailers. You can also opt to donate your cash back rewards to your favorite charity. If you want to see your rewards go further, Discover has partnered with over 100 retailers that will allow you to redeem your rewards for gift certificates worth almost double the face amount. Your rewards don't expire, unless your account goes inactive for 36 consecutive months, and if you miss 2 payments you will forfeit any and all rewards earned on your account. Just one more reason to make all your payments on-time.

Other Notable Perks

If you use your Discover More Card to book a vacation and something happens, you may be covered by your built-in travel insurance. Be sure to check all the terms and conditions in your card holder agreement. As part of their 0$ fraud liability guarantee, if someone uses your card fraudulently, you won't be on the hook for any of it.

So the bottom line is this; if you want to get into financial shape this year look no further than the Discover More Card. By transferring your high-interest balances to your Discover More Card during the promotional no transfer fee period and paying it off within 12 months, you will be able to save hundreds of dollars, enabling you to pay down any other debts that much faster. You also have the opportunity to earn unlimited rewards on nearly every purchase you make and redeem them as you see fit, while never paying an annual fee for any of it.

You can visit to compare credit cards, including 0% balance transfer credit cards and no fee balance transfer cards.

0 Interest Credit Cards With No Balance Transfer Fee

If you listen to some consumers, you'd think all of the 0% interest credit cards with no balance transfer fee have all magically disappeared from the market. Horror stories abound about people signing up for what they thought were these cards, only to be hit with high fees later. Believe it or not, these elusive credit cards do still indeed exist. It's just a matter of knowing what to look for. Here are some tips to keep in mind.

1. How Long Is The 0% Really 0%?

The first thing you need to ask when looking for 0% balance transfer no annual fee credit cards is how long does the 0% interest rate last? After all, if it's only a 6-month offer and you owe thousands of dollars, chances are you won't have time to pay it off before the "real" interest rate kicks in.

2. What's the "Real" Interest Rate?

If the 0% offer isn't good for the life of the balance, what does the rate go up to when the offer expires? If you're looking at a 22 percent interest rate after six months, you might be in worse shape in six months than you are right now. In this instance, the 0% balance transfer no annual fee credit cards can be your worst nightmare - not your best friend.

3. Life of Balance Offers Do Exist

No matter what your credit card companies want you to believe, life of balance credit card offers are out there. However, 0% balance transfer no annual fee credit cards that offer a 0% interest rate for the life of the balance are very hard to find. Even if you do find them, you have to have excellent credit to qualify. If your credit is less then perfect, this type of card isn't going to be an options.

4. There Are Suitable Substitutions

If you don't qualify for the 0% balance transfer no annual fee credit cards that offer a 0% rate until the balance is paid in full, opt for a low-interest fixed-rate card instead. A low interest rate of, say, 9.9% over the life of the balance is a lot better than a balance transfer of 0% that jumps up to 22% a few months after you transfer your balance.

5. Get To It

So now that you know what to look for, try to see if you can find some 0% balance transfer no annual fee credit cards that you qualify for. If you can't, then opt for a low interest fixed rate card instead. Then, as your credit improves, try for the 0% balance transfer no annual fee credit cards again.

Sunday, 24 June 2012

Low Rate Balance Transfer Credit Cards

Tips for Using a Low Interest Rate Balance Transfer Credit Card

Using a balance transfer low interest rate credit card can be a great way to keep your hard earned money where it belongs in your pocket. Consolidating high interest rate credit cards has many advantages. But before discussing these advantages let's point out a few of the most important things you should look for when comparing balance transfer cards.
  1. Is the interest rate being offered a fixed or introductory rate?
  2. What are the fees associated with the offers that interest you?
  3. What will the rates be when the intro period expires?
  4. Are there any late fees and if you are late making a payment will your rates be raised?
  5. Is the credit limit being offered high enough to cover the amount you want to transfer?
You can find the answer to all these questions by carefully reviewing the credit card applications that accompany each of the offers. The terms and conditions are spelled out there, but you will have to read the fine print to find some of it. But believe me when I say it's worth it. Far too many people don't do their homework and are then surprised to be paying much more money than they bargained for.

You can find the balance transfer low interest rate credit card that best suits your financial needs by doing a search on the Internet. There are several credit card comparison web sites that will allow you to do side-by-side searches. You will see low rate balance transfer deals from all the major credit card companies including American Express, Chase and Discover Card.

By using a low interest rate or 0% APR credit card you will be able to enjoy savings in the hundreds, if not thousands of dollars. Interest rates are the bread and butter of the credit card industry. The banks and credit card issuers want us to carry balances so they can collect interest payments each and every month. By using fiscal discipline you can take advantage of these offers by paying off your balances and avoiding having to make interest payments.

You can compare balance transfer credit cards at Employing a low interest rate balance transfer credit cards can be an outstanding way to save money.

Credit Cards With Balance Transfer Promotions

These days trying to wade through all of the credit card balance transfer offers can turn into a nightmare if you don't know what you are doing or looking for. But there are a few ways you can simplify the process to save time and also by educating yourself on what exactly will suit your circumstances.

To save yourself time you can use an online credit card service. These services sort through all available offers and provide you with a comparison chart which makes it easy to look through and find the deal that you want.

One of the reasons you see so many competing promotions for credit card balance transfer offer is that credit companies are trying to generate new customers and providing promotional deals has proven to be very effective.

However, whilst being aware that these offers are promotions doesn't mean you shouldn't take advantage of them, as long as you select the one that is suitable for your situation.

Zero and Low Balance Transfers

These type of offers look very appealing, but the person who gets the most benefit will be the one who can pay off, or substantially reduce their debt within the introductory period, which is generally very short around 3-6 months. By shopping around you may find longer periods for the low rate deals but not usually more than 12 months max. After the expiration of the introductory period the interest rate reverts back to the standard rate.

Life Balance Transfer Offers

This type of offer is ideal when you have a substantial debt and you need a longer period to pay it off. The interest rate is a bit higher than the previous offers but over a long period you certainly gain as opposed to paying standard interest rates. The advantage of life balance transfers is that you are not constrained by an introductory time frame.

Whichever balance transfer credit card offers you decide is best for you there are a few important points to remember so that you get the most benefit from your credit card. Always make regular payments every month even if it is only the minimum payment, defaulting can cause your offer to be withdrawn.

Don't use your card to make new purchases, these will not be covered by your low or zero interest offer. Instead they will be charged at the standard purchase rate plus the interest will continue to accrue on them until such time as your balance transfer debt is paid off.

You can visit to compare balance transfer credit cards.