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If you’re looking for an easy and convenient way to consolidate your credit card balances and ultimately save money, balance transfer bank credit cards might be the answer. Consolidation is one of the best ways to get a handle on your personal finances. Applying for a personal debt consolidation loan can also work, but in this case, the bank will require collateral. A balance transfer credit card can help reach your pay off goals, plus the interest rate on the credit card might be lower than a bank loan.
But not all balance transfer credit cards offer desirable terms. Here is a list of four bank credit cards good for transferring your balance.
This credit card features 0% interest on balance transfers and purchases for the first 18 months. Afterwards, you’ll pay an interest rate between 12.99% and 21.99%, depending on your credit history. There is a balance transfer fee, in which you pay the greater of $5 or 3%. Apply for this credit card and pay no late fees or annual fees. Sign up for automatic alerts and receive payment reminders. This credit card features travel emergency assistance, and with Citi Private Pass, you can access best local entertainment.
Transfer your existing credit card balance to this Capital One card and save money with 0% interest for the first 12 months. This introductory interest rate also applies to purchases. With Cash Reward bank credit cards, earn 1% cash back on purchases, plus a 50% bonus on cash back earned each year. As a bonus, receive a $100 bonus when you spend $500 in the first 90 days. This balance transfer credit card features a variable rate between 12.90% and 20.90%.
Are you looking for a credit card with no balance transfer fee? Apply for this credit card and Chase waives the 3% fee when you transfer your balance within the first 60 days. Enjoy 0% interest on purchases and balance transfers for the first 15 months. Afterwards, you’ll pay an interest rate between 11.99% and 21.99% To help you eliminate debt faster, take advantage of the credit card’s Blueprint feature, which creates a plan that helps you pay off debt sooner and avoid future interest charges. There is no annual fee.
4. Discover It
This credit card features an introductory balance transfer rate of 0% for the first 18 months, and 0% interest on purchases for the first six months. The regular interest rate after the introductory rate period is between 10.99% and 22.99%. This particular card offers several other features, such as no annual fee and one waived late fee. No foreign transaction fee is perfect for international travelers. And if you forget to mail in your payment, there is never a fee to pay over the phone. There is also the flexibility to modify your due date. As a cash back credit card as well, you will earn 5% cash back on rotating categories, plus 1% cash back on all other purchases.