Balance Transfer Credit Cards

The following balance transfer credit cards are designed to help people to consolidate their credit card debt onto one card with low interest rate, thus saving money on interest charges. Many balance transfer credit card offers below feature a low introductory 0% APR interest rate on credit card balance transfers for up to 18 months.

Advertiser Disclosure

Cards in the current category:

No cards found.


Save Money with 0% Balance Transfer Cards

Many people play the cat-and-mouse game of transferring their balances from one credit card to another to help make payments. While this strategy may save an initial payment here and there, interest still accrues and can eventually bury the cardholder in a mountain of debt.

A zero interest rate balance transfer, on the other hand, can save you money in the short run and in the long run. First and foremost, no-interest cards allow you to consolidate your high-interest debt. No longer will you merely service the interest on a loan, you will actually pay the principal down.

In addition, a no-interest credit card can help you survive the lean times in between checks without overextending yourself. As long as you pay the principal on time, it's as if you never borrowed the money. Used wisely, a no-interest credit card is an extremely valuable financial tool. It also comes with the same rewards and perks as a regular credit card.

Getting the Most Out of 0% Balance Transfer Cards

If you want to get a new credit card, you should take advantage of the 0% balance transfer offers for new credit cards. Keep in mind that the 0% introductory rate may be offered for a limited time. Read the terms and conditions to see how much you will be paying. After a set period of time, the APR can revert to an interest rate of up to 18%.

For each balance transfer, you will be charged a transaction fee. Most banks charge $50-$75 per transfer. If there is no fee, you should read about that in the terms and conditions of your contract. Some credit cards consider convenience checks as balance transfers. This means that the money will be deposited into your checking account instead of paying off another credit card. Always remember that most 0% deals only last for a few months and after that you may have to deal with high fees.

Related Blog Posts

  • Balance Transfers 101
    If you carry a balance on your credit card, you've no doubt gotten or at least heard of offers for balance transfers. Credit card balance transfers can be an excellent way to save money if you currently have a high-interest credit card, but they can also end up costing... READ MORE
  • Are Balance Transfers a Good Deal?
    It's an offer that sounds almost too good to be true: you can eliminate or drastically reduce the interest you pay on your current credit cards simply by transferring your balances to a new credit card. The new card company will charge you no interest or a much lower rate... READ MORE
  • 10 Things to Know about Balance Transfer Checks
    Have you ever opened a credit card statement to find several blank checks inside? These check, known as balance transfer checks or convenience checks, offer you the chance to pay off credit card debt or make purchases at lower-than-normal interest rates. But there... READ MORE

 

security lock All Credit Card Applications are Secured with the Highest Level of SSL Certificate Encryption.


Advertiser Disclosure: CreditcardXpo is an independent, advertising-supported comparison service. The card offers that appear on this site are from companies from which this website receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This website does not include all card companies or all card offers available in the marketplace. This website may use other proprietary factors to impact card offer listings on the website such as consumer selection or the likelihood of the applicant’s credit approval.