Factors that put it over the top for its best-in-class status include a no-late-fee policy for occasional tardy payments, a lengthy 21-month zero interest promotional period, and no annual fee.
The card has the longest no-interest promotional period in the market right now, letting folks chip away at debt for almost two years without paying any interest. That’s almost double the amount of time as any other balance transfer card offers.
In second place was the Citi Double Cash card, which gives cardholders 18 months to transfer a balance, and which only charges a 3 percent fee for balance transfers. The Double Cash card also offers a rewards program, giving members two percent cash back on every dollar they spend, anywhere, as long as they pay their balance in full each month.
The third place winner was the Barclaycard Arrival Plus World Elite Mastercard. This card lays on the rewards, giving new cardholders 40,000 bonus miles, which can be redeemed for up to $400 in free travel. It also gives folks two miles for every dollar they spend on the card. The balance transfer offer is good for a full year without interest, and the annual fee is a not-outrageous $89 per year.
When people are trying to pay off a balance and get their credit card debt down to zero, using a balance transfer offer is smart. It lets them put more of their money toward the actual debt, rather than paying interest on their balance. The balance transfer fee is almost always well worth paying, as the benefit really outweighs any negative of paying a small fee for the transfer.
Getting rewards along with the zero interest offer makes a great balance transfer card offer even better. Many cards that give people a generous balance transfer offer don’t offer a fantastic rewards program as well, so any card that does is automatically head and shoulders above the rest.
Smart money management means paying off debt, maintaining a healthy credit score, and making the most of your money by utilizing rewards programs that help you maximize the benefits of using credit. If you’re in the market for a balance transfer card, check out one of these three award-winners, or shop around for an offer that’s perfect for you.
Read Also Related News
-
19 May
If you’ve ever had trouble making – and sticking to – a budget, you’re not alone. A recent survey showed that while 92 percent of Americans believe everyone needs a budget to keep their finances in order, only 70 percent are...
-
21 Nov
If you’re trying to plan for your financial future, you are probably trying to balance a few different priorities. Putting money aside for retirement, managing any investments you may have, and paying off debt are just a few of the...
-
20 Jul
A new report has good news and bad news about savings in America. The good news is that the percentage of people without an emergency savings fund is at a six-year low, down to 24% from 28% last year. The bad news is that nearly a quarter...
Customer Questions
-
There are special credit cards that allow consolidation of other cards’ debts - the balance transfer credit cards. These cards usually come with a 0% intro APR on balance transfer offer. The zero introductory period varies, but as a rule it is between six months and two years. So you can find a credit card with...
-
The easiest way to find out if you have credit accounts under your name is to request a copy of all your three credit reports: Experian, Equifax, and TransUnion. The reports contain information about active credit accounts, its issuers, and the information about credit accounts balances. If you want to protect yourself...
-
To set a PIN on your credit card, you should call the credit card issuer at the number on the back of your credit card and request your PIN. After that, the issuer will mail to you your PIN. In the meantime, if you need cash, you can go to a bank office and present your credit card and picture ID.
-
The overall process of getting a credit card can take up to 30 business days. To know the status of your credit card applications you should contact the credit card issuer. A quick online search for the bank or credit card issuer's name should turn up a customer service phone number or email address. Banks and credit card...