Balance Transfer Credit Cards – Overview

Balance Transfer Cards

Taking Advantage of Balance Transfer Credit Card Offers:

As you may have noticed, Credit Card Issuers have been increasing the duration of their 0% balance transfer offers over the last several months.

A year ago, customers could not get approval for a balance transfer credit card with a zero percent rate for more than 6 to 9 months at the most. Nowadays, the market has changed and thus 0% balance transfer offers that last for 15 months or more are readily available.

Currently, major world banks offer zero percent APR balance transfer cards with a fee ranging from 3% to 5%. Therefore, you should take these costs into consideration before you make up your mind which card to choose.

For every $1000 transferred onto one of these cards, a fee ranging anywhere from $30 to$50 will be charged to your card. Be sure to compare the lengths of time.. as well as the transfer fees currently being offered by the major banks.

Nevertheless, if you have one or two cards with a high interest rate.. you may still be able to save money transferring the balances from those cards onto your new balance transfer credit card.

Current Best Balance Transfer Offers:

Citibank is at present offering 3 credit cards that carry a zero percent APR on balance transfers for a length of 21 months. These cards associated with Citibank include; the Citibank Platinum Select MasterCard.. the Citibank Simplicity Card and the Citibank Diamond Preferred Card. You should note that each of these cards has a three percent balance transfer fee.

There is also an offer from Citibank of 0% APR for a period of 15 months. This is on the Citi Dividend World MasterCard. With this card, you can also enjoy a cash bank bonus of $100. For more information regarding these offers from Citibank, please visit the Citi Credit Card section on our website.

Chase Bank has an offer of 0% APR on balance transfers for a period of 15 with the Chase Slate Card. It should be noted that not all applicants who are approved for the card will receive 0% APR for the entire 15 months. Applicants may receive approval for the credit card, but may not necessarily qualify for the 0% rate for the extended period. Depending on credit history, they may receive the 0% rate for only six months.

There are more offers from Chase as well. For instance, the Chase Freedom Visa offers a zero percent APR on balance transfers for 12 months with a 3% balance transfer fee. There is a $100 cashback offer associated with this card as well. For more information regarding these offers from Chase Bank, please visit the Chase Credit Card section on our website.

Credit card issuers provide a variety of different offers to their customers, which are all predicated on the applicant’s credit standing. It is your mandate to shop around and find the best deals. Citibank has a long history of offering excellent balance transfer promotions on the cards they issue. Currently, you can get the best deals from Citibank and Discover since they are the ones offering the longest length of time for the 0% offers.

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