Credits Card With 0 Apr On Balance Transfers

Great Balance Transfer Credit Card Offers Are Back

Credit card companies are now offering balance transfer credit card offers that seem as if they're from 2006.

 

Balance transfer credit card offers had dried up as regulations put in force by the 2009 Credit Card Accountability, Responsibility and Disclosure ( CARD ) Act limited card companies' discretion in changing interest rates on cardholder accounts. The CARD Act required promotional rates to remain in place for at least six months, and many credit card companies compensated for the longer promotional rate period by charging a balance transfer fee.

Perks that used to be standard--such as no-fee balance transfers or long introductory periods with 0 percent interest--soon vanished.

Return of no-fee balance transfer card offers

Credit card companies seem to be tentatively offering balance transfer deals once again. Among these deals are no-fee balance transfer credit cards and balance transfers with a zero percent APR for an introductory period of 24 months.

 

 

Discover is leading the way with two promotions for cards in its Discover More series:

The Discover More credit card with no balance transfer fee allows you to transfer a balance with zero percent interest, then carry that balance for 12 months with no additional interest accrual. After the first year, the APR rises to 11.99 to 20.99 percent, depending on your credit history. Customers are not charged an annual fee for this card. Alternatively, there's the Discover More 24-month promotional balance transfer . By qualifying for this credit card, you'll pay zero percent interest on your transferred balance for 24 months. While no annual fee is charged for this credit card, you will pay a 5 percent balance transfer fee. But this upfront fee could be well worth two full years to pay down credit card debt without it growing further.

Choosing balance transfer cards for your finances

What kind of balance transfer credit card offer is best for you--no-fee or long promotional period?

If you have a smaller balance--one that you can confidently pay down within a year--you probably want to skip the balance transfer fee and opt for a shorter 0 percent balance transfer introductory APR. A $2,000 balance accruing no interest can be repaid in one year by paying $167 per month. If you can handle that repayment schedule, there's no need to pay the 5 percent fee for a balance transfer.

Cash Back Credit Card Update - Citi Dividend Card $100 Offer

Citibank is rolling out some major changes on its primary cash back credit card, the Citi Dividend Platinum Select MasterCard. The first change is the introduction of a limited time offer that gives new applicants a $100 cash back bonus if they spend $500 within the first three months of becoming a cardmember. The second change is the extension of 0% introductory rates on purchases and balance transfers.

Offer 1:  The Citi Dividend Platinum Select MasterCard – Limited Time Offer provides a $100 cash back bonus to new cardmembers who spend $500 within three months of opening an account. In addition to this bonus, cardmembers earn 1% cash back on all eligible purchases and 5% cash back on purchases in categories that rotate four times a year. Until March 31st, cardmembers earn 5% cash back on drugstore, healthcare, and fitness purchases. From April 1st to June 30th, cardmembers earn 5% cash back on purchases made at home improvement, home furnishing, and home and garden stores.

Offer 2:  Citibank is also currently offering a version of the Dividend Card without a $100 cash back bonus. This card offers the same cash back earning opportunities, but has different introductory terms. The 0% rate on balance transfers is slightly longer at 18 months, while the 0% rate on purchases is 12 months instead of 15. The longer 18 month balance transfer offer makes this card a potentially better fit than the limited edition offer for consumers seeking 0% balance transfers , but consumers who will be using their Dividend card for purchases are likely better off opting for the $100 cash back bonus.

For more information and to apply for this offer, please see the online application here .