Issuers also mailed substantially more offers with a 0
percent balance transfer promotion.
Not exact matches
One calculator said that if all those conditions were applied to a card owner who owed $ 10,000 and was paying that national average of 14.9
percent interest, it would save the owner $ 2.250 over the length of the
balance transfer promotion.
The new Discover «it» Chrome credit card features the same card terms as the original Discover «it» card, including an APR range of 10.99
percent to 22.99
percent and a 14 - month interest - free
promotion on
balance transfers and purchases.
0 -
percent offers dominate Consumers looking for a new
balance transfer - friendly credit card will see a common theme among the
promotions currently advertised by major card issuers: 0
percent APR for about a year.
The four cards from this year's survey that don't give new cardholders a 0 -
percent balance transfer rate
promotion still offer lower - than - normal
balance transfer APRs ranging from 4.99 - 13.90
percent, which are still lower than the average credit card interest rate of 14.89
percent.
Though we don't put much weight on one - time
promotions when assessing how good a card is over the long term, new customers can also get 0
percent interest on
balance transfers or new purchases for 15 months — an attractive offer if you need a new card anyway, and if you know you'll pay off the
balance before the interest kicks in.
Still, two types of
promotions may sway people in certain circumstances: 0
percent interest on purchases and 0
percent interest on
balance transfers.