Top Balance Transfer Credit Card Promotions for 2017
Balance transfer credit cards allow you transfer all your credit card debts and consolidate them into a single payment. If you manage to repay the credit card debts you transfer within the intro period, you will be able to cut down your debt because you don’t have to pay the interest rates. The following are the top 5 balance transfer credit cards in 2017.
1. Chase Slate Credit Card
Chase Slate credit card offers a zero percent intro period that lasts for 18 months. To be eligible for the 18 months zero percent intro period offer, you have to perform the balance transfer within 60 days. The balance transfer fee still applies when you transfer the balance and it is about 5% or $5 minimum. The normal APR rate that ranges from 13.24% – 23.24% will apply at the end of the intro period. Chase Slate features a zero dollar annual fee.
2. Citi Simplicity Card
Citi Simplicity Card offers a 21 months zero percent APR intro period where you won’t get charge a single APR fee no matter if it is balance transfer or purchases for 21 months. It will charge a normal balance transfer fee of 13.49% – 23.49% after the 21 months zero percent APR offer comes to an end. The balance transfer fee that you will be charged each time you initiate a balance transfer is 3% or $5 minimum. All kinds of loans can be transferred to City Simplicity card for example vehicle and college loans. It requires that the debt account numbers where you transfer the balances from do not contain any alphabetical letters and has 5 figures.
3. Discover it
Discover it is offering 18 months zero percent APR intro period for balance transfers. The zero percent intro free period for purchases only lasts for 6 months. When the 18 intro period expires, the regular APR of 11.24% – 23.24% will automatically be applied onto your balance. It charges a 3% balance transfer fee on the amount that is transferred to the card. Credit cards debts as well as non credit card debts like loans can be transferred to the Discover it card.
4. Citi Double Cash Card
Citi Double Cash card is providing a zero percent intro period offer for balance transfer for 18 months. It also offers zero percent intro period for purchases but it lasts for only 6 months. The regular variable APR for Citi Double Cash card is 11.24% – 23.24%. It can be used to transfer credit card debts and the majority of the non credit card debts. You must transfer the balance to the card within a period of 4 months in order to be eligible for the intro period offer. Balance transfers are not entitled for any cash back rewards.