Best Balance Transfer Credit Cards In 2019
Content with tags:
Top 3 Balance Transfer Credit Cards
Although balance transfer credit cards are a useful tool for clearing debts, some have their bundle of demerits. For instance, they come with interest, transfer rates, and high penalty charges. These two aspects trigger charge accumulation, especially if one has issues with creditworthiness. Fortunately, there are great balance transfer credit cards with 0% introductory rates which eliminate your interest charges over a specific period. The following is a list of the best balance transfer credit cards in the market.
Chase Slate Credit Card
This is among the best balance transfer credit card in 2019. The reason is that it offers its clients free balance transfer charges during the first 60 days of account opening. Additionally, for the first 15 months, this card offers 0% introductory APR for all purchases and balance transfers. Although after the 15 months, the APR is bound to escalate depending on one's creditworthiness. The good thing is that this card does not raise their clients' APR even when customers are late on their credit card bills.
American Express Everyday Credit Card
Otherwise known as the Amex Everyday card, this card has most benefits like the ones highlighted in the previous no-fee balance transfer card. Notably, it offers no charges during the first 60 days after account opening. Also, clients enjoy the 0% introductory rate for the first 15 months. What is unique about this credit card for a balance transfer is that it does not have annual premiums. Further, clients get to include many rewards, including an easy welcome bonus. You do not want to try late payment on this card as respective penalties on the APR apply.
Citi Simplicity Credit Card
Unlike the two cards tackled above, Citi Simplicity credit card is a balance transfers card with extended 0% APR Offers. Therefore, its 0% introductory APR is not limited to the first 15 months, but the first 21 months from the first day of the first balance transfers. While this sound like a good deal, clients of this balance card transfer card are subjected to affordable APR charges after the first 12 months. Luckily, there are no penalties for late payment and no charges for an annual fee. However, there is a 3% foreign transfer fee for clients doing foreign transactions.
There are numerous credit cards for balance transfers with amazing offers other than the ones listed in this piece. However, clients should not take advantage of the awesome rats and ruin their creditworthiness. The reason is that some of these great no-fee balance transfer cards have penalties. You do not want to become a victim of these penalties once you become the company's client. For your safety, it is, hence, recommended to choose the best card and work on your creditworthiness for better services and rewards.