Balance transfer credit cards are a helpful tool for people struggling with late payments on their existing credit card debts. With this type of card, an individual may be able to pay off his or her outstanding debt with another card provider. If you are currently having troubles paying your existing balances because of huge interest rates, you might want to consider getting a balance transfer card to ease your financial situation.
Here are ten balance credit cards that you may want to consider:
Discover More Card 18 Months Balance Transfer
This credit card features 0% introductory annual percentage rate (APR) on balance transfers for 18 months and purchases for six months. Likewise, it provides a flexible average purchase APR of up to 20.99%. This card gives a 5% cash rebate bonus for purchases made on gas, department stores, and restaurants for the year.
Citibank Platinum Select Visa
The Citibank Platinum Select Visa maintains a 0% introductory annual percentage rate, which applies for 18 months only. After this period, the APR will be 11.99% until 21.99% based on your positive credit standing. This card charges no annual fees.
Citibank Diamond Preferred Card
The Citibank Diamond Preferred card also has 0% introductory annual percentage rate on all purchases and balance transfers for 18 months. Round-the-clock access to pre-sale tickets and tailored concierge services are also granted to customers.
Chase Slate Credit Card
This Chase credit card has no balance transfer fee and it offers 0% introductory annual percentage rate for 15 months on purchases and balance transfers. You can transfer high balance rates on the first month without incurring any charges.
Citibank Simplicity Card
The Simplicity card is one of the most popular Citibank cards. It offers the usual 0% introductory annual percentage rate on balance transfers and purchases for one year and six months. It charges no fees and penalties for late payments.
Discover Motiva Card
The credit card from Discover will give you cash rebate bonus if you manage your credit card efficiently. There is 0% introductory annual percentage rate for 15 months on balance transfers and purchases followed by an adaptable purchase APR of 10.99% to 20.99%. You also earn 20% cash refund bonus with online retailers if you make purchases through Discover.com.
Discover More Card
The Discover More credit card has allotted 15 months of 0% introductory APR for the first 15 months followed by the adjustable normal purchase of 10.99% to 20.99%. Fifty five cash back bonuses are made available for gas, department stores, and restaurant categories.
Discover Open Road Card
The Discover Open Road card is ranked number one in customer loyalty. The provisions for balance transfers is the same as the Discover More Card. You also get additional perks, such as 20% cash rebate bonus in popular online retail outlets.
Chase Freedom Visa $100 Bonus Cash Back
With this card, you get the intro APR rate for balance transfers in 15 years. You also earn $100 in bonus cash repayments for $500 in purchases within the first three months.
Citibank Thank You Card
You can enjoy the 0% introductory APR for the first 15 months only, but you earn one Thank You Point for every $1 spent on purchases.
Balance transfer credit cards are highly beneficial if you use them wisely. Once you have made balance transfer transactions, make sure not to get into huge debts again so you will not be financially weighed low by credit problems.