Are you carrying a balance on your credit card? If you’d like to pay off that balance without having to pay high interest rates and fees, you need to consider a balance transfer credit card. Featuring special low or no interest offers for new cardholders, balance transfer credit cards let you place your current balance on a new credit card. And if you search online, you can discover balance credit cards that’ll suit your needs.
With their low introductory interest rate periods, balance transfer credit cards can help you pay off your credit card debt quickly and without spending too much. Search online today, and you can find balance transfer credit cards with as little as 0 percent interest.
You can discover some of the best balance transfer credit cards available below.
Citi Diamond Preferred Card
Annual Fee: $0
Introductory APR: Get 0 percent APR for the first 18 months on all balance transfers. You’ll enjoy 0 percent APR for the first 18 months on all purchases as well.
Regular APR: Once your introductory period ends, you’ll be charged a regular APR that varies from 14.74 percent to 24.74 percent.
Rewards or Perks: Free access to your FICO credit score online. You’ll also get Citi Entertainment, which provides special access so you can buy tickets to events like concerts, sporting events, dining experiences, and other exciting happenings.
Balance Transfer Fee: Either $5 or 3 percent of the amount of each balance transfer, whichever is greater.
With a lengthy introductory period and two 0 percent APR offers – both on balance transfers and on new purchases – the Citi Diamond Preferred Card is an excellent choice. You’ll have more than a year to pay off any balance transfers without accruing interest, giving you great freedom and financial flexibility. Once your regular interest rate kicks in, you’ll pay an average APR over the long-term. Just keep in mind that all balance transfers must happen within four months of opening this new credit card.
Citi Double Cash Card
Annual Fee: $0
Introductory APR: Get 0 percent APR for the first 18 months on all balance transfers.
Regular APR: Variable APR ranges from 13.99 percent to 23.99 percent once the introductory period ends.
Rewards or Perks: You’ll earn cash back twice on every purchase for a total of 2 percent cash back. You’ll enjoy 1 percent cash back each time you make a purchase, and you’ll get another 1 percent in cash back rewards when you make your credit card payments.
Balance Transfer Fee: Either $5 or 3 percent of the amount of each balance transfer, whichever is greater.
The Citi Double Cash Card is a great balance transfer credit card, with a 0 percent APR introductory period that lasts over a year. But where this credit card really shines is its rewards. You have the opportunity to earn cash back rewards even when you pay your monthly bill. And you’ll enjoy a somewhat low regular APR once the introductory period ends. You’ll need an excellent credit score ranging between 720 and 850 in order to qualify for this balance transfer card, but it can be a great long-term choice if you plan on keeping the card even after the introductory period ends.
Dollar Bank Low Rate Credit Card
Annual Fee: $0
Introductory APR: Get 0 percent APR for the first six months on all balance transfers. You’ll also enjoy 0 percent APR on all of your new purchases for the first six months.
Regular APR: The variable APR starts at 9.24 percent once the introductory period ends.
Rewards or Perks: You have the option to get a Credit Life Insurance policy, which gives your family protection from the responsibility of up to $100,000 in credit card debt in the event of your death.
Balance Transfer Fee: You’ll pay 3 percent of each balance transfer, with a maximum of $150 per transaction.
The Dollar Bank Low Rate Credit Card is a fantastic choice for those who want a credit card with a low interest rate. Not only does this credit card offer 0 percent APR on balance transfers for a limited period of time, but it also gives you a low long-term APR. That means if you choose to keep this credit card, you’ll pay less across the board when it comes to interest. Though you will need excellent credit to qualify for this card, it can be a great option for paying off lower credit card balances within just a few months at 0 percent interest.
Comerica Bank Visa Platinum Card
Annual Fee: $0
Introductory APR: Get 0 percent APR for the first 20 months on all balance transfers. You’ll also enjoy 0 percent APR on all new purchases with your credit card for the first 20 months.
Regular APR: Once your introductory period ends, you’ll pay a variable APR ranging from 11.99 percent to 20.99 percent.
Rewards or Perks: You’ll get to enjoy the benefits of a Visa credit card, including extended warranty coverage, auto rental collision damage waiver, travel assistance, and zero fraud liability.
Balance Transfer Fee: Either $5 or 3 percent of the amount of each balance transfer, whichever is greater.
The Comerica Bank Visa Platinum Card offers an impressive 20-month introductory period – giving you nearly two years to pay off any balance transfers. It’s a wonderful choice for those with larger balances that need to be paid off, and you’ll have 0 percent APR for the entire duration of those first 20 months. If you make new purchases with your credit card, you’ll also get that same 0 percent APR. It’s a great balance transfer card for those looking to avoid interest all around.