As the holiday shopping season shifts into high gear, credit card holders are often on the lookout for the best balance transfer offers available. This December, qualified applicants continue to have their choice of some extremely valuable offers for promotional financing.
Here are a few of the top balance transfer offers for December of 2013:
Chase Freedom® - $200 Bonus Cash Back
Chase Freedom® - $200 Bonus Cash Back is a great balance transfer offer as well as a leading rewards credit card. New cardholders receive 15 months of 0% APR financing on both new purchases and balance transfers, with a 3% balance transfer fee. In addition, Chase is featuring a limited time offer of $200 cash back for this card, when new applicants spend just $500 within the first three months of opening an account. There is no annual fee for this card. [click to continue…]
Promotional financing is a commonly used term, but many people do not understand what these offers actually are. Here is an introduction.
Promotional financing offers are extended to new credit card holders and feature lower than standard interest rates on balance transfers, new purchases or both. These offers apply for a limited time, which must be at least six months according to the CARD Act of 2009.
Promotional financing on balance transfers
Balance transfers are a process where cardholders use their credit line from one account to pay off a debt on another. When promotional financing applies to a balance transfer, cardholders have the opportunity to save money on interest payments.
Promotional financing offers for balance transfers can feature lower than standard interest rates or 0% APR rates. As great as these offers are, most 0% APR balance transfers require a 3% balance transfer fee. The exception is the Slate® from Chase that offers 15 months of interest free financing on both new purchases and balance transfers for 15 months, but with no balance transfer fee. [click to continue…]