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Balance Transfer Credit Cards

Balance transfer credit cards can be a wonderful way to save a substantial amount of money. If you are currently paying high interest rates on one or more credit cards then perhaps it’s time that you did something about that. By transferring high interest balances to an offer with a lower APR you put yourself in a position to save quite a bit of money.

Discover® More Card 18 Month Promotional Balance Transfer


  • 0% intro APR on purchases for 6 months, then the variable standard purchase APR of 10.99% – 20.99%*
  • 0% intro APR on balance transfers for 18 months, then the variable standard purchase APR of 10.99% – 20.99%*
  • 5% Cashback Bonus in categories that change throughout the year like gas, restaurants, and department stores up to the quarterly maximum. Signing up each time is free and easy.*

Discover® More® Card


  • 0% intro APR on purchases and balance transfers for 15 months, then the variable standard purchase APR of 10.99% – 20.99%*
  • 5% Cashback Bonus in categories that change throughout the year like gas, restaurants, and department stores up to the quarterly maximum. Signing up each time is free and easy.*
  • Up to 20% Cashback Bonus at popular retailers when you shop online through Discover.com

Discover® Open Road Card


  • 0% intro APR on purchases and balance transfers for 15 months, then the variable standard purchase APR of 10.99% – 20.99%*
  • 2% automatically at gas stations and restaurants all year long*
  • Plus, up to 20% Cashback Bonus at popular online retailers when you shop through Discover.com

Discover® MotivaSM Card


  • Earn Cashback Bonus for your good credit managment
  • 0% intro APR on purchases and balance transfers for 15 months, then the variable purchase APR of 10.99% – 20.99%*
  • Up to 20% Cashback Bonus at popular online retailers when you shop through Discover.com

Simmons First Visa Platinum


  • Low 7.25% variable standard purchase APR and platinum benefits
  • No balance transfer fee for balances transferred with this online offer

PenFed Promise Visa Card


  • Absolutely No Fees
  • No Annual Fee
  • No Foreign Transaction Fees

Simmons First Visa Platinum Rewards


  • Created for those with Excellent Credit and approval is based on your credit rating and application review.
  • Choose any U.S. based airline or ticket class. No blackout dates or seating restrictions.

Visa Black Card


  • Limited Membership
  • 24-Hour Concierge Service
  • Exclusive Rewards Program – redeem points for 1% cash back or for airfare on any airline with no blackouts or restrictions

Many credit cards with balance transfers come with a 0% APR introductory rate. These introductory periods usually last between 6 months and 12 months. This gives the cardholder the opportunity to pay down the principal thereby getting out from under those high interest payments. You will find that the best credit card offers do in fact have a balance transfer option.

You can see that there are quite a few viable choices when it comes to choosing a quality offer that affords you the opportunity to transfer high interest rate balances. The leading banks and issuers are represented here including Discover, Chase and American Express. Keep the following points in mind while you conduct your credit card comparison:

  • Annual Percentage Rate (APR)
  • Balance Transfer Fees
  • Annual Fees
  • Introductory Rate
  • Length of Introductory Offer
  • Rewards Programs
  • Interest Rate Types (Variable or Fixed)

As you can see from the above bullet points there are some serious considerations that should be taken into account. You can find this information in the disclosure statement under the terms and conditions of the offer.

Additionally, if you have any further questions while doing your credit card comparison then you are encouraged to contact the issuers directly and speak to a customer service representative. Note that in the second bullet point we have listed balance transfer fees. The fees are different for every card but generally range between 3% to 5%. Many people are on the lookout for a card with no balance transfer fees but I’m afraid that they simply don’t exist anymore.

Times have changed and the banks are relying more and more on the fees they charge their account holders. We also listed the interest rate types, whether they be variable or fixed rates. The trend in the industry is for more and more card issuers going with variable interest rates. The reason for this is that it gives the credit card company the flexibility to raise interest rates when they deem necessary. With fixed rate cards they cannot do this.

There’s no question that balance transfer credit cards can really help beleaguered cardholders currently saddled with high interest rate balances. Take your time to compare credit cards that have the features and benefits that you desire and that meet your credit needs.

Balance transfer credit cards are ideal for those individuals that carry a monthly balance. They allow you to consolidate debt into one account for easier management. Using these cards affords you the option to put those interest savings to work for you by applying that extra money toward the principle, thus paying off your balance quicker. We invite you to take your time and carefully compare the offers presented here.

Credit Cards with Balance Transfer

As you can see there are quite a few choices to be had when it comes to credit card balance transfers. The whole idea is to save money on interest rates but the prospective cardholder should also be aware of what the fees are as well.

Most if not all credit card issuers that offer a balance transfer option will charge a balance transfer fee. To know what those fees are you should carefully read the disclosure statement and if you have any further questions, contact the card issuer directly.

There are basically two ways that credit card companies charge account holders interest. They charge either a fixed rate APR, which stands for annual percentage rate, or a variable rate APR.

A fixed rate means that the interest rate is locked in for the life of the card as long as the cardholder remains in good standing. Variable interest rates fluctuate and can be either lowered or raised at the discretion of the bank or financial institution that issues the credit card.

You will notice that many balance transfer credit cards come with a 0% introductory rate, or a very low introductory APR. Make sure you understand the length of time that this lasts (most are for 6 months) and what the interest rates will be when it expires.

Note that interest rates are almost always higher on cash advances as opposed to purchases. Many times there will also be a fee that accompanies a cash advance but, of course, each and every offer is different.

By keeping these important points in mind the consumer should be able to quickly and efficiently compare balance transfer credit cards in order to find the one that best meets their credit and finance needs. Quality websites will have a category dedicated solely to credit cards with balance transfer options.

There are other factors to consider as well including features and benefits such as cashback bonus, rewards and discounts. In addition, most cards will offer protection against unauthorized use of lost or stolen cards.

Related Information:

  1. See What Balance Transfer Credit Cards Can Do for You There is no doubt that balance transfer credit cards are an effective way to save money. See for yourself if a balance transfer offer can help you….
  2. Best Credit Cards for Balance Transfer Some solid advice for finding the best credit cards for a balance transfer. Use these money-saving tips to choose a balance transfer credit card….
  3. Are Balance Transfer Credit Cards Right for You There are decided advantages to using balance transfer credit cards. Find out if they are the right option for you and compare balance transfer cards….
  4. 0% Balance Transfer Credit Cards – Avoid The Traps 0% balance transfer credit cards can be a great way to save money if used properly. Find out how to take full advantage of credit card balance transfers….