The BankAmericard for Students offers one of the longest interest -
free balance transfer periods on the market, making it a good deal for cardholders who want to knock out their balances quickly.
If you're after a long, interest -
free balance transfer period or would like interest - free purchases, our cards have the flexibility you need.
Balance transfer periods were cut by several months on four cards and just two extended the interest -
free balance transfer period.
With a relatively low interest rate, a 0 percent fee on balances transferred in the first 60 days of card ownership and a lengthy interest -
free balance transfer period, the BankAmericard credit card is a good choice for cardholders with hefty balances.
Not exact matches
Given a surplus, you may be able to use a
balance transfer card that allows you to incorporate all your credit card debts into that card and use the introductory interest -
free period (usually 12 - 21 months) to pay down the debt more efficiently.
This means you'll save some money on the interest you'll pay back against your borrowing; making
balance transfers a preferred way for many borrowers to axe interest and pay off outstanding debt, as many credit card companies offer an interest
free period on
balance transfers to new customers.
The interest -
free period on the Citi Simplicity ® Card - No Late Fees Ever is nice and long: 0 % on Purchases and
Balance Transfers for 18 months, and then the ongoing APR of 15.49 % - 25.49 % Variable APR..
There is no interest -
free period on Cash Advances or
balance transfers.
The lengthy interest -
free period comes at a cost for
balance transfers: 5 %, which adds up for big
balances.
The Discover it ® - 18 Month
Balance Transfer Offer combines a lengthy 0 % period on balance transfers with 5 % cash - bac has generous rewards and a lengthy interest - free period for balance transfers, although not as much for new pur
Balance Transfer Offer combines a lengthy 0 %
period on
balance transfers with 5 % cash - bac has generous rewards and a lengthy interest - free period for balance transfers, although not as much for new pur
balance transfers with 5 % cash - bac has generous rewards and a lengthy interest -
free period for
balance transfers, although not as much for new pur
balance transfers, although not as much for new purchases.
This will make it easier for you to be approved for a card, and may also help you get a lower interest rate for when the interest -
free period of the
balance transfer card ends.
Also, if you have another credit card with a
balance, you can
transfer it to the Blue Business Plus Card and pay it off interest -
free in the same
period.
When deciding on the best
balance transfer credit card there are three primary things to look for: APR (interest rate), «interest
free»
period, and
balance transfer fee.
Upon making the
transfer, a fee is usually charged on the existing
balance, after which an interest -
free period exists for a specified time frame.
Also, as with a loan set up a direct debit to your credit card, make sure that this is set up for a date which will leave plenty of time for it to reach you card by the payment date, and make sure that you calculate your payment to ensure that the
balance transfer is cleared in full before the end of the interest
free period.
Similarly, with regards to the
balance transfer card, it is crucial that you be consistent and regular with your payments as a default or delay on your end could lead to discontinuance of promotional APR or interest -
free periods and charging of interest from the date of issue of the
balance transfer card.
Leave the card and the account alone for the duration of the interest
free period, then a week or so before the
period is due to expire,
transfer the original credit limit back onto the credit card, clearing the
balance completely.
If you are consolidating credit accounts, you would choose a Citi card that offers
free balance transfers and / or a 6 - 9 month
period of time where 0 percent interest is charged on
transferred balances.
If you are an individual with a fantastic credit score, you should consider opting for a
balance transfer card with a promotional APR of 0 % or interest -
free periods of 12 months or more.
For example, you may be unable to take advantage of any interest -
free period on new purchases until the
balance transfer amount is paid in full.
There are several cards that have generous
balance transfer deals that give you a
period of interest -
free repayment.
Balance transfer credit cards will offer different 0 % APR
periods, and you'll want to remain in this interest -
free zone for as long as possible.
While the
balance you carry under a 0 %
balance transfer offer won't accrue interest during the interest -
free period as long as you make every minimum payment on time, credit card companies usually charge consumers a fee for moving the
balance from the old card to the new, 0 % introductory offer card.
«In most cases,
balance transfers represent an interest -
free loan during the introductory
period, but if consumers use that relief to simply continue uncontrolled spending, they will easily get deeper in debt.»
Balance transfers allow you to
transfer your debt to a different credit card with a lower interest rate or interest -
free period.
Balance transfer credit cards, on the other hand, provide a low or 0 % introductory interest rate before standard rates are applied, which can give you an interest -
free period.
If you still have a
balance at the end of the interest
free period, simply
transfer it to a new card until the debt is settled.
This card gets the nod for its extra-long introductory 0 % APR
period for
balance transfers, its $ 0 annual fee and
free FICO score.
However, if you have a
balance transfer amount owing on your card, the interest -
free period may not apply.
Read the terms and conditions of the card carefully to see whether you will get an interest -
free period while you have an outstanding
balance transfer.
The Citi Diamond Preferred card is one of our top picks for
transferring a
balance thanks to its extra long promotional
period — which gives cardholders nearly two years to pay off an interest -
free balance — and reasonable
balance transfer fee.
We've sifted through the details in the fine print and rated the best cards, based on the length of their interest -
free period and the cost of fees for
balance transfer.
Try bargaining, and if this is not successful, you can apply for a credit card
balance transfer and get an interest
free period to allow you to pay off your debt.
Cash advances and some
balance transfers have no interest
free period.
Hopefully, you (and I) will be able to pay off all of our
transferred balances before the interest -
free period expires.
If
balance transfers are important to you, look for a long interest -
free period and check if there are any fees to pay.
However, you may sacrifice the ability to earn more rewards for a longer interest -
free period or lower
balance transfer fee that you don't need.
There is no interest -
free grace
period for cash advances or
balance transfers.
While it might also be a good choice for paying down existing debt due to the interest -
free transfer period, it's important to note that you'll have to pay a relatively high 5 percent
balance transfer fee, even during the first year.
However, you may sacrifice the ability to earn more rewards for a longer interest -
free period or lower
balance transfer fee that you don't need.
Balance transfer promotional rates on the rise — Balance transfer promotional rates are getting more generous, with more cards offering lengthy interest - free promotional periods, according to the 2015 Creditcards.com Balance Transfer Survey... (See Balance transfer survey info
transfer promotional rates on the rise —
Balance transfer promotional rates are getting more generous, with more cards offering lengthy interest - free promotional periods, according to the 2015 Creditcards.com Balance Transfer Survey... (See Balance transfer survey info
transfer promotional rates are getting more generous, with more cards offering lengthy interest -
free promotional
periods, according to the 2015 Creditcards.com
Balance Transfer Survey... (See Balance transfer survey info
Transfer Survey... (See
Balance transfer survey info
transfer survey infographic)
Between 2011 and mid-2014, average
balance transfer periods regularly spiked to an average of 16 to 20 months as issuers aggressively used
free credit to lure potential cardholders.
It comes with the same earning potential and interest -
free period on purchases, but also adds 0 % financing for nine months on
balance transfers.
Cash advances and
balance transfers have no interest
free period.
Most
balance transfer credit cards will come with a promotional interest -
free period.
The interest -
free period for
balance transfers is 15 months.
Although it is possible to get interest -
free periods on both
balance transfers and purchases, the offers aren't as common as they used to be.
Figure the monthly payment needed to pay off the
balance transfer before the interest -
free period ends — and the price if you can't quite make it.
However, the only fee -
free balance transfers are those made within the first 60 days after opening your account;
transfers made after the promotional
period will incur a 5 %
balance transfer fee.
There may even be interest rate offers you have overlooked such as special 0 % interest
periods for purchases or interest
free balance transfers.