Balance Transfer Credit Cards
Transfer credit card balances onto one card and simplify your debt today.
What can balance transfer credit cards do for you? Save big bucks on interest. A new credit card, balance transfer, and lower payments can all be yours with any of these recommended credit cards. Simplify your life by consolidating all your credit card debt onto one card. Some of these balance transfer credit cards even offer rewards programs, offering cash back, miles and/or points for all purchases charged to the credit card. Better yet: many 0% interest credit cards have an introductory period on all funds transferred!
When considering a credit card for balance transfers, make sure to note the length of the intro period you’re signing up for. And furthermore, how long you have after becoming a cardholder to transfer your debt at the lowest possible rate.
Best 0% Balance Transfer Offer for 2013: Citi Simplicity®
Intro periods on balance transfer credit cards last anywhere from 3 to 18 months depending on the credit card. Why are they so important? Well, the intro period is the period in which you'll enjoy 0% APR, making it the time in which you’ll be paying your credit card debt back directly without interest. This is the most important time to chip away at your credit debt, which is why we recommend taking full advantage of your credit card’s intro period.
We've ranked the five best balance transfer credit card offers below - apply today and get the ball rolling on paying down your debt to zero, interest-free!
Find the best credit card for you.
|Year One||Year Two||Year Three||Total|
|Interest Savings on Balance Transfers||$259.20||$259.20||$259.20||$777.60|
|* For Interest Savings on Balance Transfers calculations, we use the amount you input in your "My Credit Card Profile". For calculation purposes, please note that as of February 2010, the CARD Act requires credit card companies to use customer credit card payments to pay off the highest APR portion of their balance first, which is more favorable for the customer.|
|Interest Savings on Balance for New Purchases||$345.60||$345.60||$345.60||$1,036.80|
|* For Interest Savings on Balance Carried on New Purchases calculations, we use the amount you input in your "My Credit Card Profile". Please note that as of February 2010, the CARD Act requires credit card companies to use customer credit card payments to pay off the highest APR portion of their balance first, which is more favorable for the customer.|
|This card includes up to 6 HHonors points for every $1 spent on various Hilton purchases. Creditnet assumes that 35% of purchases made with this card are on eligible Hilton HHonors purchases, which Creditnet estimates on average at $.075 per dollar spent. Creditnet then assumes that the remaining 65% of purchases qualify for the standard one mile per $1 spent ($.01).|
|One Time Bonus||$600.00||$0.00||$0.00||$600.00|
|Cardholders that spend $1,000 within four months of account opening earn 40,000 HHonors Bonus Points. Creditnet's unendorsed estimate is that one HHonors point on average is worth $0.015, making 40,000 bonus points equal to $600 in hotel rewards. This one-time bonus will only display in your savings calculations if the monthly purchases entered into your "My Credit Card Profile" meet this qualification.|
|Balance Transfer Cost||-$135.00||-$0.00||-$0.00||-$135.00|
|* For Balance Transfer Cost calculations, we take the specific balance transfer fee associated with a card to determine the cost. Once this balance transfer cost is calculated, we deduct this value from the total savings amount. Please note that we only factor in this cost if a user intends to transfer a balance, as determined by selecting "Yes" under "I want to carry a balance" in your "My Credit Card Profile".|
|* Annual fee costs are only deducted from your total savings when a card includes an annual fee. Credit cards that waive the annual fee for the first year have also been accounted for in our calculations.|