Transfer Your Balance And Breathe Easier With These Top Credit Card Deals
Transfer Your Balance And Breathe Easier With These Top Credit Card Deals
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Are you carrying a hefty balance on your credit card? If so, you're not alone. Millions of Americans are struggling with credit card debt. The average American household has over $8,000 in credit card debt, and the average interest rate on credit cards is over 16%. This means that if you're carrying a balance, you're paying a lot of money in interest every month.
One way to get out of debt faster and save money on interest is to transfer your balance to a credit card with a 0% introductory APR offer. These offers allow you to transfer your balance to a new card and pay no interest on your balance for a certain period of time, usually 12 to 18 months. This can give you some breathing room to pay down your debt without accruing more interest.
There are a lot of great balance transfer credit cards available right now. Here are a few of our favorites:
Chase Slate Edge℠
* 0% intro APR on balance transfers for 18 months
* $0 annual fee
* No balance transfer fee
Citi® Diamond Preferred® Card
* 0% intro APR on balance transfers for 21 months
* $0 annual fee
* Balance transfer fee: 5% of the amount transferred ($5 minimum)
Discover it® Balance Transfer
* 0% intro APR on balance transfers for 18 months
* $0 annual fee
* Balance transfer fee: 3% of the amount transferred
BankAmericard® credit card
* 0% intro APR on balance transfers for 18 months
* $0 annual fee
* Balance transfer fee: 3% of the amount transferred ($10 minimum)
Wells Fargo Reflect℠ Card
* 0% intro APR on balance transfers for up to 21 months
* $0 annual fee
* Balance transfer fee: 3% of the amount transferred ($5 minimum)
| Card | Intro APR period | Annual fee | Balance transfer fee |
|---|---|---|---|
| Chase Slate Edge℠ | 18 months | $0 | $0 |
| Citi® Diamond Preferred® Card | 21 months | $0 | 5% of the amount transferred ($5 minimum) |
| Discover it® Balance Transfer | 18 months | $0 | 3% of the amount transferred |
| BankAmericard® credit card | 18 months | $0 | 3% of the amount transferred ($10 minimum) |
| Wells Fargo Reflect℠ Card | Up to 21 months | $0 | 3% of the amount transferred ($5 minimum) |
Once you've transferred your balance, it's important to make sure you make all of your payments on time. If you miss a payment, you could lose your 0% APR offer and be charged a penalty APR. You should also avoid using your new card for new purchases, as this