Balance transfer credit cards are a great way that consumers can decrease the amount that they owe on their credit cards. Many consumers have successfully lowered their credit card balances using the balance transfer credit card. What makes this card so powerful? The 0% introductory rate of course.
Using a credit card that offers a zero percent introductory rate means allows the you to pay down your debt while enjoying no interest. With some credit card interest rates as high as 20% or more, this means you will pay no interest and all principal with every payment. Avoiding interest makes paying back your credit card much easier. Many people remain in debt because they are unable to get ahead because of high interest rates. Using a balance transfer credit card eliminates the need to pay interest.
Healthy Financial Habits likes to keep you up to date with the daily balance transfer credit card deals. Here are today’s top picks for balance transfer credit cards:
Chase is currently offering the Freedom Visa card with no interest for a year and no annual fee. This card carries a variable interest rate as low as 12.99% after the introductory period. In addition, you can earn cash back bonuses when you use this card.
Discover more savings with the Discover More card. This card offers a full year of no interest in addition to a $75 cash back bonus when you purchase $500 on this card. The interest rate after the intro period is variable and around 11.99%. Also, enjoy no annual fee.
Author: John Zinsky
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