The Best Balance Transfer Credit Card
What Are Balance Transfer Credit Cards?
Balance transfer credit cards are credit cards that allow you to transfer a balance from one card to another. Many times this is done to take advantage of a lower interest rate or different terms. By doing this, you can save money on interest charges and manage your debt more effectively.
When Is It Beneficial to Use a Balance Transfer Credit Card?
There are many situations in which it may be beneficial to use a balance transfer credit card. If you have existing debt on a credit card with a high interest rate, you can transfer that balance to a card with a lower rate and save money on interest. This can be a great way to save money and help you pay off your debt faster. Additionally, if you are planning on making a large purchase, you may be able to take advantage of promotional offers that allow you to transfer your balance and have no interest for a certain amount of time.
How Do I Find the Best Balance Transfer Credit Card?
When looking for the best balance transfer credit card, there are a few things to consider. First, you should look for a card with a low interest rate and a long promotional period. Many cards offer 0% interest for an introductory period, so this can be a great way to save money. Additionally, you should look for a card with no balance transfer fees. Finally, it is important to make sure the card has a good rewards program, as this can help you earn points or cash back on purchases.
What Are Some of the Best Balance Transfer Credit Cards?
There are many excellent balance transfer credit cards available. Here are a few of the best:
• Chase Freedom Unlimited: This card offers 0% interest on balance transfers for 15 months, with no balance transfer fees.
• Citi Simplicity Card: This card offers 0% interest on balance transfers for 21 months, with no balance transfer fees.
• Discover it Balance Transfer: This card offers 0% interest on balance transfers for 18 months, with no balance transfer fees.
• American Express Blue Cash Preferred: This card offers 0% interest on balance transfers for 12 months, with no balance transfer fees.
• Wells Fargo Platinum Visa Card: This card offers 0% interest on balance transfers for 18 months, with no balance transfer fees.
These are just a few of the many excellent balance transfer credit cards available. Be sure to shop around and compare different offers to find the one that best fits your needs.
Key Points
• Balance transfer credit cards allow you to transfer a balance from one card to another, often to take advantage of a lower interest rate.
• It can be beneficial to use a balance transfer credit card if you have existing debt on a credit card with a high interest rate, or if you are planning on making a large purchase.
• When looking for the best balance transfer credit card, look for a card with a low interest rate and a long promotional period, no balance transfer fees, and a good rewards program.
• Some of the best balance transfer credit cards include the Chase Freedom Unlimited, Citi Simplicity Card, Discover it Balance Transfer, American Express Blue Cash Preferred, and Wells Fargo Platinum Visa Card.
People Also Ask
Q: How Long Can I Transfer a Balance For?
A: The length of time you can transfer a balance for can vary depending on the card. Some cards offer 0% interest for an introductory period, while others may have a longer promotional period. Be sure to read the terms and conditions of each card before applying.
Q: Can I Transfer a Balance From One Card to Another?
A: Yes, most cards allow you to transfer a balance from one card to another. Be sure to read the terms and conditions of each card before applying to make sure this is allowed.
Q: What Is the Best Balance Transfer Credit Card?
A: The best balance transfer credit card will depend on your individual needs and preferences. Be sure to compare different offers and read the terms and conditions of each card before applying to make sure you are getting the best deal.
Best Credit Cards For Balance Transfers – How to Choose
In this video I describe what you need to look out for when shopping around for the best credit cards specifically for a balance transfer. There are many excellent options and the true best credit card for this process depends on the individual. Everyone has different needs so I found 3 excellent options to look at. This will help you find your exact needs and the best balance transfer card for you.
List of Best Balance Transfer Credit Cards
**please watch video for full breakdown on terms**
Option #1
Union Bank Platinum (Great for NO balance transfer fees)
https://www.unionbank.com/personal/credit-cards/platinum-visa
Option #2
US Bank Platinum (Great for 0% Intro Apr BT/Purchases for 20 billing cycles)
https://www.usbank.com/credit-cards/visa-platinum-credit-card.html
Option #3
BankAmericard (Great for 0% intro Apr BT/Purchases 18 months and access to bank locations in the U.S.)
https://www.bankofamerica.com/credit-cards/products/bankamericard-credit-card/
Option #4
Citi DoubleCash Card (Great for 0% Intro on Balance Transfers only, and 2% Cashback!)
https://www.citi.com/credit-cards/citi-double-cash-credit-card
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