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Save Money with Smart 0% Balance Transfers |
At Smart Balance Transfers, you can compare a wide selection of 0% APR balance transfer credit card offers from leading banks and use our balance transfer calculator and articles to help you save the most money possible when you transfer a balance online. Since 2005, our company, Credit Card Depot Inc, has helped tens of thousands of consumers find new credit cards online. We designed this website to provide visitors like you with the targeted information necessary to maximize the savings that can be reaped with a balance transfer credit card.
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Top Balance Transfer Credit Cards |
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0% Balance Transfer Insights |
From the Editor: Although Citi advertises a 0% balance transfer offer for 18 months, I personally recommend the Discover® More Card. While this offer doesn't last as long as Citi's offer, Discover has proven to be a much more consumer friendly company than its competitors, most of which generated hundreds of complaints last year.
As to savings, a person with $5,000 of credit card debt and a 10% interest rate can save over $400 on interest with a 0 balance transfer for 15 months. A person with a 15% APR can reduce their interest expense by nearly $800 and someone with a 20% APR can save more than $1,000 over the course of the 0% period. However, the main reason I recommend Discover is the fact that they will treat you fairly during and after the 0% APR period, something that will help you save money in the long term.
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Balance Transfer Credit Card Articles |
Balance Transfers 101: Covers the basics of 0 balance transfers. This article is designed to help first time users of balance transfer credit cards understand how these money saving transactions work as well as how to maximize your interest savings.
Smart Balance Transfers Reviews: Jeffrey Weber, Editor of Smart Balance Transfers, has been published and cited in numerous national publications, including Forbes and the Chicago Sun Times. He has also written the Credit Card Tip of the Week on the Forbes MoneyBuilder Blog. If you're interested in what others have to say about Mr. Weber, here's what site guests have been posting about the editor of Smart Balance Transfers online.
How Many 0% Balance Transfer Credit Cards Do I Need?: If you are looking to transfer more than $3,000 to a 0 balance transfer credit card, you may need more than one card to get a high enough credit limit. However, because most credit card companies do not provide you with your exact long term interest rate when you apply (and others may grant you 0% rates for less than they advertise), applying for two balance transfer credit cards is the best way to make sure you not only get a high enough credit limit, but the best overall deal.
The Best 0% Balance Transfer Credit Card: After everything that happened in 2009, choosing the best balance transfer credit card is more important than ever. Sometimes, the best balance transfer offers are not the longest, as choosing a good credit card company is almost as important as getting the longest 0% interest rate. Find out which card (and credit card company) is my top pick.
How to do a 0 APR Balance Transfer: If you are new to balance transfers, this article shows you how to do a 0% APR balance transfer the right way so you can maximize your savings on interest, avoid penalties and fees, and secure the best possible balance transfer deal.
0% Balance Transfer Dos and Don'ts: Even though 0% balance transfer offers have been getting longer, many companies still want to avoid taking in new customers for balance transfers. Here are some tips to help you avoid bad balance transfer mistakes and get the best deal.
Balance Transfer Credit Card Application Tips: Getting a balance transfer credit card is not as easy as it was a few years ago. And, despite new credit card laws, credit card applications are as tricky as they've ever been. To help you avoid balance transfer credit card traps, we've compiled a list of tips to help you get the most out of money saving balance transfer offers.
Making Dollars and Cents of Credit Card Balance Transfer Offers: Using balance transfer credit card offers is an effective way to reduce credit card debt and save a few hundred dollars or more during the 0% interest period.
0% APR Balance Transfer Offers in August: Credit card companies continue to provide extremely generous 0% APR balance transfer offers in August. Currently, the longest 0% balance transfer offer lasts 18 months, while a number of other good offers last for 15 months.
Balance Transfer Fees 101: In the past two years, the number of credit cards offering no fee balance transfers had dwindled. Most major credit card companies no longer offer no fee balance transfers, let alone no fee balance transfers with 0% interest rates for 1 year. So, is paying a balance transfer fee worthwhile? (Hint: IT IS!). Learn more about balance transfer fees.
Credit Card Balance Transfer Fee Report for August 2010: Due to an increase in balance transfer fees on a number of Citibank credit cards, the average fee on 0% APR balance transfer offers lasting for 12 months or more increased to 4.1% in August.
More Balance Transfer Articles
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0% APR Balance Transfer Credit Card Offers |
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How to Avoid a 0% APR Balance Transfer Mistake |
A 0% APR balance transfer provides a great opportunity to save money on interest. However, there are three pitfalls one must avoid to insure a 0% balance transfer doesn't become a balance transfer mistake.
- Continue to make payments on your old credit cards until your new credit card has completed the balance transfer: It can take anywhere from a few days to a few weeks for a balance transfer to clear with your old credit card company. Until it has, don't neglect bills from your old credit card.
- Pay your new balance transfer bill on time: Obviously it is important to pay one's credit card bills on time. However, with a 0% introductory rate it is even more so. Why? Because the fine print states that a late payment can void the 0% APR balance transfer offer. In other words, if you miss a payment, you lose your special balance transfer rate.
- Don't run up a bill on your old credit card and waste money paying interest on new purchases: Getting a credit card that offers a 0% APR on balance transfers and purchases is a good way to avoid this pitfall.
If you avoid these three pitfalls, you are prepared to maximize the savings a 0% balance transfer credit card provides.
*Important Disclaimer: See credit card applications for complete terms and conditions. While Smart Balance Transfers makes reasonable efforts to maintain accurate information, all credit card information is presented without warranty. When you click an "Apply" button, you can review the credit card terms and conditions on the issuing company's website.