Balance Transfer Cards Comparison

Barclaycard launches 20 month balance transfer card

Barclaycard has launched a record card balance transfer at 0% for 20 months.

The agreement is the longest transfer balance available, beating his closest competitor Virgin Money and MBNA two months.

The Barclaycard Platinum card has a fee of 3.2% balance transfer and 0% interest on new purchases for three months. After 20 months, the rate amounts to 17.5%.

Kevin Mountford, head of credit cards and credit comparison site moneysupermarket.com, said the move is surprising.

"After a wave of regulatory change, it is surprising to see that the borders continue to be pushed in terms of 0% intro offers," he said. "On the face of it, many players are fighting for the first place should be good news for consumers.

"As regards the management of household budgets which should help those seeking to consolidate their outstanding debts, but it is likely that suppliers will become more selective so that it is essential that we protect our profiles credit best we can. "

Griffiths, head of credit cards to confuse.com, said customers need to be careful to stay within the terms and conditions of the agreement to take full advantage of the offer.

"Make sure to at least the minimum payment on time each month, setting up a direct debit can help with this," he said. "It is also important that customers remain within their credit limit and check prices of caution if they intend to make additional purchases as they may be able to get a lower rate on a replacement card. "

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April 2011 Best 0% Balance Transfer Credit Card Offers - Compare ...

April seems to be another good month for consumers looking for 0% APR balance transfer card credit. As in March, a handful of major card companies are continuing to provide very long 0% offers for balance transfer. Discover still leads the way with a card 24 months balance transfer, but Citibank recently upgraded some offers, including a card that offers a rate of 0% on balance transfers and purchases for 21 months.

While the balance transfer market is willing to remain strong in April, May could prove a turning point.Discover the 24 months balance transfer offer was originally scheduled in late February, but was extended until the end of April. Discover if this offer ends, it is very likely other banks to reduce the length of balance transfer offers. For now, however, consumers have many strong offerings to choose from.

The longest 0% balance transfer offer this month is always the Discover balance transfer 24 months. At 24 months, the rate of introduction of this card is twice more than most competitive offerings. Unfortunately, there are two disadvantages to this card.First, it is only an annual rate of 0% on purchases for six months. This is problematic for consumers who intend to use their new card for purchases.

The second drawback is the balance transfer fee of 5%. Although this tax works mainly to be an interest rate of 2.5% over two years, consumers who can pay off their balances sooner may be better with a card that has a shorter intro and fees lower transfer.

Although it carries a slightly shorter period introduced the Platinum MasterCard Citi is probably the best balance transfer offers available in April and by far the best 0% APR credit card.The Citi Platinum card offers a rate of 0% on balance transfers and purchases for 21 months and comes with a low cost of 3% balance transfer.

On a $ 4,000 balance transfer, a person can save $ 80 fee balance transfer offer from Discover for 24 months while losing only three months 0% interest on balance transfers and obtain an additional 15 months 0% interest on purchases.

Another offers Citibank Dividend card is a short-term promotion until the end of the month. The menu offers a dividend rate of 0% on balance transfers and purchases for 15 months.In addition, consumers who spend $ 500 within three months of opening an account get a bonus $ 100 cash back.

As the Platinum Card, the card charges a dividend of 3% balance transfer. However, with money from consumers $ 100 return fee may be substantially offset the costs of transferring a balance transfer of $ 3,300 and pay nothing to get an annual interest rate of 0% for 15 months. This bonus dividends are ideal card for consumers who do not need 21 months or more to repay the debt.