Pay no interest on your Post-Holiday Credit Card Balance -
Updated: August 4, 2016
The season holidays came to an end and if you are like most people you have spent more than you should have. Overspending during this time of year is common but it can cause post-holiday financial hangover when you can not pay your credit card balance. This is when your high APR credit card associated with your credit card balance is equal to the huge interest payments every month.
There is a solution to your problems - if you have good credit, a balance transfer credit card will pay zero interest for 12-18 months. This saves you extra time to pay your balance while saving a lot of money in monthly interest charges. Some of these cards will even give you cash back on all your new purchases and the introduction of additional premiums.
To help, we have developed a 6 lists top of the best balance transfer credit cards for people with good credit
Slate from Chase
Slate is our competitor because it has no balance transfer fee - a big advantage that can save you lots of dough (this fee is usually 3-5% of the balance you transfer ) - more than 15 months 0% APR intro for balance transfers and purchases. Costs $ 0 balance transfer means that when you transfer your balance from your existing card to Slate you will not have to pay fees whatsoever. The only caveat is that you must make your transfer within 60 days, but since you get the card to transfer your balances as soon as possible this should not be a problem. Combine that with the period of 0% APR (for balance transfers and new purchases) and no annual fee and you have yourself a great map to help you pay the excess vacation.
Citi Simplicity
(a NextAdvisor seller) throughout 21 months of the City Simplicity 0% Intro APR for balance transfers and purchases should you give much time to pay off your balance in full. You can also use this intro APR on all new purchases you wish to make. In addition, there are no late fees, penalties or annual fees. There are balance transfer fee of 3% for this card, but it could be worth it, especially if you are carrying a balance on your current credit card with high interest. The interest-free period of more than 1.5 years will give you time to pay off the balance.
Chase Freedom
With 15 month 0% APR on balance transfers and purchases, a great cash back program, a big bonus intro and no annual fee, this card is a strong choice. Not only can you transfer your current balances and save money by paying no interest for 15 months, but you can also get $ 150 cash back after spending $ 500 within the first 3 months. In addition, you earn money on your purchases - 5% cash back on purchases in rotating quarterly categories and 1% cash back on everything else. What could be better than saving on interest costs and make money on new purchases PLUS a cash back bonus? There is a 3% balance transfer fee, but the $ 150 bonus and ongoing cash back will probably more than offset this.
discover - Balance Transfer
Just as the name suggests, the Discover card, it was created with balance transfers in mind . You can enjoy 18 months 0% APR period for balance transfers to save money on interest payments. In addition, you will earn money on new purchases; 5% cash back on up to $ 1,500 of purchases in the quarterly rotating categories and 1% cash back on all other purchases. There are balance transfer fees, but just as with the Chase Freedom card, it is quite possible to pay it with cash back you earn on new purchases. Overall, the cash back potential and long 18 month 0% APR (APR being very reasonable rates) make a card that can both save money and save you money at the same time.
Blue Cash Card from American Express preferred
The combination of a 12 months 0% Intro APR on balance transfers and purchases in cash incredibly strong back rewards, the Blue Cash Preferred card (NextAdvisor a seller) is a smart choice. Not only can you transfer your vacation (not holiday) buys more to this card and pay no interest for 12 months, you will also incredibly generous cash back rewards on new purchases. You will earn 6% cash back at supermarkets (to a maximum of $ 6K per year in procurement), 5% on eligible travel purchases made within the first 6 months (up to a maximum of $ 200 back) 3% at gas stations and select department stores (including JC Penney, Sears, Macy's and Nordstrom) and 1% on everything else. And it does not stop there - you'll also get $ 150 cash back after spending $ 1,000 within the first 3 months. The card does charge a fee of 3% balance transfer and annual fees of $ 95, but the $ 150 bonus and ongoing cash back will likely be more than offset this. If you prefer a card that offers the same 0% Intro APR on balance transfers and purchases and cash back great rewards with no annual fee, take a look at the map every day Blue Cash from American Express.
Barclaycard Ring MasterCard
Can you say "ongoing APR crazy-low" What this map was built on - 8% APR on purchases and balance transfers. the more there is no balance transfer fees that results in saving a ton of money when you transfer your existing balances to this card free of charge. in addition, it does there is no charge and the annual cardholders can help influence decisions profit / loss, as well as participate in a type of profit sharing. Although there is no intro period 0% APR, if you are going to wear your balance for years instead of 15-18 months, it is an excellent choice
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