Balance Transfers | Credit Card Topics

14 Best Credit Cards for Balance Transfers in 2019

By: Marcie Geffner, 4/5/2019

Many credit card companies offer incentives to encourage you to transfer a balance from another card. The most common incentives are no balance transfer fee and a 0% introductory annual percentage rate (APR) for a year or so if you make the transfer within a set time after you first get the card. If you normally carry a balance, transferring your debt from another card to one with a balance transfer incentive could help you manage that debt and pay it off sooner. When you shop... read more »

26 Best Balance Transfer Credit Cards of 2019

By: Brittney Mayer, 9/17/2018

Credit card debt is a drag. And that drag only gets worse when you're stuck paying high interest fees, making it seem as though you'll never pay down your balance. For many consumers, a balance transfer credit card can make a big difference in the time — and money — it takes to pay down credit card debt. But not all credit cards are good balance transfer cards. No, the best cards for balance transfers are cards with low fees and generous intro-APR offers, with features that fit... read more »

6 Best Credit Card Consolidation Loans

By: Brittney Mayer, 5/4/2018

In a lot of ways, collecting credit card debt can be like putting on weight. The problem builds slowly over time, largely unnoticed, until, one day, you find that you've outgrown your belt (or your credit card limit). Unfortunately, both losing weight and paying down debt can be a challenge, especially when compounded by other complications, such as a personal injury — or high credit card interest. For some consumers, credit card consolidation can be the cure for high interest... read more »

9 Best Balance Transfer Credit Cards for Fair Credit

By: Ashley Dull, 12/11/2017

Imagine you are renting a storage unit for $50 a month. One day you find another company that will rent you a similar storage unit for $30 a month. Since it's obviously a better deal, you move the contents from the pricier storage unit to the less expensive one — and save $20 each month. Now, replace "storage unit" with "credit card," and you have the essence of a credit card balance transfer. The idea is to move your balance from a card with a higher interest rate to one with a... read more »

9 Best No Balance Transfer Fee Credit Cards (2019)

By: Brittney Mayer, 9/28/2017

Few things can be as disheartening for those with hefty credit card debt than watching your minimum payment steadily increase -- while your principal balance stays the same. Unfortunately, when interest fees start piling up on top of your existing credit card balances, your payments may not make much of a dent in the debt heap. That's because your payments go to your interest first and your balance second. Depending on the state of your debt, your entire minimum payment could be... read more »

10 Best Credit Cards for Balance Transfers and Rewards (2019)

By: Ashley Dull, 9/22/2017

As of June 2017, the average American household with credit card debt had a total revolving debt of $10,955. If each card with a balance charges the market average 16.7% interest rate, then the typical household will pay approximately $1,830 a year in interest on their credit card debt. Thankfully, those with good to excellent credit can take advantage of balance transfers to avoid forking over thousands in interest fees. A balance transfer does exactly what it says: it transfers... read more »

What is a Credit Card Balance? — Top 0% Transfer Offers

By: Ashley Dull, 9/6/2017

The word “balance” generally represents stability, whether referring to an equal distribution of weight or your mental well-being. This, of course, doesn't have quite the same meaning in regards to your credit card. When you get a new credit card, you’ll receive a monthly statement summarizing the previous month’s purchases, even if there were none. In bold letters, usually somewhere near the top of the statement, you’ll see the word BALANCE — this is what “credit card... read more »

6 Facts — How to Transfer Money From One Credit Card to Another

By: Brittney Mayer, 8/29/2017

In the first quarter of 2017, Americans repaid approximately $31.5 billion in credit card debt. However, given the $1 trillion of credit card debt still outstanding, your average cardholder is still carrying quite the balance -- and likely paying interest on it. Considering the average credit card interest rate is over 16%, those fees can really add up. Fighting back against high interest rates, many consumers are taking advantage of balance transfers to minimize the interest fees... read more »

15 Best Low-Interest Credit Cards — Compare 0% Intro Rates

By: Brittney Mayer, 7/12/2017

According to a 2016 survey on credit card ownership commissioned by Bankrate, more than half of those over 30 own at least one credit card. Of those abstaining from card use, the main reason cited was the potential for accumulating debt. They have a fair point; collectively, Americans owe around $762 billion in credit card debt. The fact is, however, that credit cards aren't, on their own, inherently dangerous for your finances. The real culprit is actually the high interest rates... read more »

How to Transfer a Credit Card Balance + 10 Best 0% Offers

By: Linsey Knerl, 7/7/2017

If you’ve used credit cards for a significant amount of time, you’ve likely been presented with bigger and better card offers than what your current card gives you. One of these perks may be a credit card balance transfer offer. If used wisely, a transfer offer can lower your overall payment amount and improve your credit score. So, how does someone transfer a credit card balance? It’s not as difficult as you think. In fact, I’ve used them successfully over the years to... read more »

All articles tagged Balance Transfers (14)