Balance Transfer Offers for Credit Cards, Evaluating

Do you carry a balance on your credit card(s)? If you do and there is no way for you to change that any time soon then  it would be wise for you to look at balance transfer offers for credit cards. If you sign up for such an offer, provided your credit is good, you can then transfer the debt that is presently on your credit card to a card that has a zero percent interest rate. This is a way to save hundreds or even thousands of dollars for the length of time that the balance transfer offer remains active.[br]

Do you carry a balance on your credit card(s)? If you do and there is no way for you to change that any time soon then  it would be wise for you to look at balance transfer offers for credit cards. If you sign up for such an offer, provided your credit is good, you can then transfer the debt that is presently on your credit card to a card that has a zero percent interest rate. This is a way to save hundreds or even thousands of dollars for the length of time that the balance transfer offer remains active.[br]

Not all balance transfer offers for credit cards are the same. In fact there can be a fair amount of difference between them. That is why you need to evaluate the offers carefully. You also need to understand what each offer has to offer you. Not all offers in this regard are appropriate for every credit card borrower.

Here are some essential points to look for when evaluating the balance transfer offers for credit cards.  

What is the length of the balance transfer offer? The majority of cards offer zero percent for a period of six to 12 months.

What balance transfer fees will be charged, if any? For most companies the fees fall in the range of zero to three percent. However other companies charge a fixed fee such as $75 or $100.

What is the interest rate? The interest rate will only be of consequence to you if you intend to continue to use the credit card after the balance has been paid off.

Are there rewards or cash back offered? Credit card companies offer all sorts of incentives to entice new customers. Some examples of these include sign up bonuses, rewards bonuses, points cards, or cash back cards. Other options that you may find on balance transfer offers for credit cards include gas rebates or travel cards. Only you can decide if these special features are important to your life or not.[br]

Based on the criteria described here, the best balance transfer offers for credit cards are as follows:

Discover More (SM) Card- This card offers zero percent for one year and includes a five percent transfer fee.

Discover More American Flag Card- This card offers zero percent for six months with a three percent transfer fee.

Citi Platinum Select MasterCard- There is zero percent APR on balance transfers for this card and also for purchases for up to a period of 12 months. There is also a three percent transfer fee.

Miles by Discover Card- There is zero percent interest for a six month period with a three percent transfer fee.

More information about Discover Cards can be found at http://discovercard.com/

Citi Platinum is a trademark of Citicards https://www.citicards.com/

Find out more on Balance Transfer Credit Cards in the UK.