At Now Credit Cards you have many options to choose from when you need a new credit card or you are getting a credit card for the first time. In this section you will find only balance transfer credit card deals. These deals are being offered through several credit card companies as a way to help you get a high balance off of one card and on to a better feature card. Some of these balance transfer cards will start out with zero percent annual percentage rate for the transfer. They will also have 2.5 to 3 percent transfer fees when you do make a balance transfer.
The introductory rate on the balance transfers will last between 6 months and 15 months, depending on the choice of credit card. When searching for a balance transfer credit card, your ideal card will have an introductory rate that will last until you can pay the card off. In other words if you can’t get the card paid off with zero percent interest in 6 months, then don’t consider that card. Remember, each time you make a transfer you will be paying the transfer fee. You don’t want to save on interest and then have to be charged that fee several times as you try to pay the balance down. It is better to get a great deal you can really use.
Balance transfer credit cards are not just about the zero percent interest cards. Barclay Card offers a credit card deal that may be even better. Barclay has a ‘life of the balance’ transfer deal. You can get a fixed interest rate for the amount of time it takes you to pay off the balance. For example, if the offer is 1.9 percent for the ‘life of the balance’ then you have that 1.9 percent interest rate until you, the cardholder, has paid it off. In this case the credit card does not give you an end date for the offer. These are the best balance transfer credit card options because there is no limit and the rate cannot change.
In this case though, you would not want to use the credit card for any purchases. Balance transfer credit cards are like any other in that you can use them to purchase goods, but with a deal like ‘life of the balance’ you will be paying that amount down first. If you make a purchase at say 13.9 percent you won’t pay that purchase off until the balance transfer has been paid off.
To help you choose the best balance transfer credit card for you we have the available cards listed below. We also have news and review articles for you to read as well. In this section we have rated the editor picks as well as listing other options that you have, to ensure that you find the card that is best for you. We are an unbiased site to help the consumer with their credit card needs. |
