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The Two Best Balance Transfer Offers. Which Is The Best?

whatarebtfeesIn the world of credit cards with balance transfer offers, two cards currently stand out. The Chase Slate card and the Citi Diamond Preferred are the two leading products at this time. But which one is better?

Chase Slate

The Slate card is the only product on the market with a 0% APR promotional balance transfer offer and no fee. New cardholders receive 15 months of interest free financing on both new purchases and balance transfers. But at the same time, Slate is somewhat of a no frills product. It does not feature any travel insurance or purchase protection policies.

But one of its strong points is the Blueprint program. This innovative system is a no-cost option for Slate cardholders that features powerful budgeting and goal setting tools. In addition, Blueprint allows customers to avoid interest by paying some purchases in full while carrying a balance on others. There is no annual fee for this card, but there is a 3% foreign transaction fee on all charges processed outside of the United States.

You can learn more about this offer below:

  • Best 0% Offer in 'Crowning 2013's Best Credit Card Offers' (January 14, 2013) -Forbes Online
  • Pay less interest. Save on balances and new purchases
  • $0 introductory balance transfer fee for transfers made during the first 60 days. After that, the fee for future balance transfers is 3% of the amount transferred with a minimum of $5.
  • 0% Introductory APR for 15 months on purchases and balance transfers. After the introductory period ends, a variable APR of 12.99%, 17.99%, or 22.99%.
  • $0 Annual Fee
Purchases Intro
Balance Transfers Intro
Regular APR
Annual Fee
Credit Needed

0% for 15 months*

0% for 15 months*

12.99%, 17.99%, or 22.99% (V)*

$0

Excellent/Good


Citi Diamond Preferred

While the Slate card is unique in that it has no balance transfer fee, the Citi Diamond Preferred stands out for having the longest promotional financing period. New applicants receive 18 months of interest free financing on both new purchases and balance transfers.

At the same time, this card is also a full service product with many additional features. For example. cardholders receive retail purchase protection and travel insurance policies. Cardholders can also take advantage of Citi’s Price Rewind service which automatically refunds customers when the price drops on an eligible product.  Additionally, customers receive extended warranty coverage as well as access to a personal concierge service.

There is no annual fee, but there is a 3% balance transfer fee and a 3% foreign transaction fee.

You can learn more about this offer below:

  • Get 0% Intro APR on Balance Transfers and Purchases for 18 months. After that, the APR will be 11.99%-21.99% based upon your creditworthiness.*
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer.
  • Citi® Easy DealsSM Get what you want for less. Earn Citi Easy Deals Points for the purchases you make with your card.
  • Redeem your points for great online deals on name-brand merchandise, gift cards and even local deals.
  • Let our 24/7 concierge service help book your hotel rooms, flights and more.
  • $0 liability on unauthorized purchases and Citi® Identity Theft Solutions.
  • No annual fee*
Purchases Intro
Balance Transfers Intro
Regular APR
Annual Fee
Credit Needed

0%* for 18 months*

0%* for 18 months*

11.99%-21.99% (Variable)*

$0*

Excellent Credit


Which card is best?

Both cards appeal to different types of credit card users. The Slate card is best for those who simply want to save the most money when they transfer a balance. These cardholders have little use for all of the other optional services that appear on other cards, or will just use other cards when they need these services. Furthermore, this card is best for those who can pay off their outstanding balance within 15 months.

On the other hand, the Citi card is ideal for those who need the entire 18 months of promotional financing and those who appreciate all of the ancillary benefits of this card. It is also a great card for those who already have a balance on another Chase card, as balances cannot be transferred between accounts at the same bank.

By understanding the advantages and drawbacks of the two leading products, cardholders can choose the best balance transfer offer available for their needs.

Editor's Note: This content is not provided by Citi. Any opinions, analyses, reviews or recommendations expressed here are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by the Citi or any of the other companies whose products are featured in this content.

About the author

Jason Steele

Jason Steele is a freelance journalist specializing in personal finance and travel and is recognized as an expert in credit cards. He is a regular contributor to many of the top personal finance sites such as Wise Bread and Money Talks News. His work has been frequently carried on mainstream news outlets such as MSN Money, Yahoo, Finance, and Business insider.

Jason lives in Denver Colorado with his wife and two daughters.

– has written 325 posts.

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