Here's where you can find credit cards that can give you excellent introductory interest rates for balance transfers and purchases. These cards can be a great option for those who can qualify. So if you've got good credit and would like to consider consolidating your debt or moving your balance to a card with more favorable terms, then consider our list of balance transfer cards with zero intro rates below. Most have no annual fee and a good number of them are also rewards cards. We also include how long the promotional period for the intro rate is expected to run, along with other noteworthy features.
Credit cards with zero percent rates represent a type of short term loan that is fairly easier to get and therefore favored among those looking to optimize their debt situation or wish to receive a cash infusion. It's not unusual for people to use credit cards to finance smaller goals, such as a wedding, a vacation or an unexpected stay in the emergency room. In fact, there are a good number of people who use their cards as an emergency source of cash. But if their interest rates are not ideal, and you're already on the hook for a card loan, then it may make sense to keep your eye out for a balance transfer card with an attractive APR that can be used to refinance your existing balance. Balance transfer credit cards are most suitable for consumers who have good credit scores and who wish to get an attractive interest rate on the balances they carry. So if you're hoping to save money on your credit card debt payments, the following cards may be the appropriate tools for your goals.
Other reasons to get a balance transfer credit card? They're good for tiding you over in case you have an emergency. You may have a sudden need to access cash that you don't have available. Well, a card like this with a very low rate can provide you the liquidity you need -- just make sure you're able to pay off your debt before the special rate or offer period expires, to make the card worth its use. No doubt you'll experience great savings on your debt payments when you compare this to the interest you'd otherwise pay by using a regular credit card.
Here are a few questions to ask before signing up for a card. Make sure you do your due diligence before going ahead with your application.
Here's one more important note about balance transfer cards: be careful about doing balance transfers between credit cards that are owned by the same bank. Requesting a balance transfer between two cards that are issued by the same institution may invariably result in the denial of your application, which can inadvertently reflect negatively on your credit rating. Since credit card applications involve inquiries against your credit, any rejection could be a mark against you.