First, a balance transfer between credit cards allows you to take your credit card debt from one high interest credit card to a new credit card that offers 0% interest rates on the balance transferred over. This is a innovative way to basically consolidate and refinance your debt into lower and more affordable monthly payments without the high interest rates. What you may not realize is that when you decide to take advantage of a balance transfer offer, the credit card company may be charging you a fee to handle the transfer. This fee can range anywhere from $10-$100 depending on the company and the balance being transferred.
With that being said, there are credit card companies which offer the same great balance transfer offers without the fee, and below is a list of credit cards to consider.
- Citi Platinum Select Card
- CHASE Platinum Business Card
- CHASE Platinum Business Card
- Elite Rewards World MasterCard Credit Card
- CitiBusiness Card
- Citi Professional Cash Card
Each of these credit card companies and cards listed offer the introductory rate of 0% balance transfer for a minimum of 12months as well as zero fees to handle the actual balance transfer. As you can see Citi offers several different credit card options without the fee and should be considered as you number one credit card company in this respect.
If you were to simply see the initial 0% introductory rate and not investigate fees you may find that the fees you are charged are more than the interest payments from your primary credit card. This is one factor that can really bring down the benefits of balance transfers and should be thoroughly researched before acting.
There are many sites online that offer in depth credit card comparison and can show you within a few seconds the credit cards available today which offers 0% no fee balance transfers and how you can apply and utilize these offers. Many times you can apply online right from home and receive an instant approval notice directly to your email. Take advantage of the internet because it can help you lower your debt and find the best credit card offers to do so.
