What Is The Best Balance Transfer Card Today

Our pick of the best credit cards

If not used correctly, credit cards have the potential to cause thousands of pounds worth of debt and wreak havoc with your credit rating.

However, savvy borrowers can benefit from a range of perks on their flexible friends, including 17 months interest free on debt repayments and a host of attractive cashback deals.

To help you work out which, if any, is best for you, we've rounded up some of the best deals currently on offer.

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New market leader for balance transfers As a sign of increased competition in the market, two lenders have increased the 0% period on their top balance transfer offers.

First up, Nationwide will give you an impressive 17 months interest-free with its credit card, reverting to 15.9% APR thereafter and charging a 2.95% fee.

But even that impressive offer is trumped by Barclaycard , which now offers a remarkable 18 months interest free, with a 16.9% APR and a 2.9% switching charge.

Furthermore, Barclaycard will give you a £20 discount on that fee if you shift more than £3,000 before 28 February.

Both cards mentioned above also come with three months interest free on new purchases. However, you will be far better off considering one of the offers below if you plan to spend on the card.

Avoid interest for 13 months on new purchases Bear in mind that it would be wise to ensure you have paid off your debt before the offer expires or you will start paying interest on it.

Furthermore, the card also carries nine months interest free on balance transfers, and if you are a Tesco shopper, you could earn 500 free Clubcard points if you apply before 3 March.

Earn £100 in three months The American Express Platinum Credit Card has long been acknowledged as the market-leading cashback card, paying 5% cashback for the first three months up to £100. After that, you'll receive up to 1.25% for your spending.

Beware, however, this credit card comes with a hefty 19.9% APR so it would be prudent to clear the balance in full each month. Otherwise you risk building up a debt and paying out more in interest than you earn as rewards. In addition to cash, you can also earn a selection of other rewards for spending on the plastic.

For instance, the AA Credit Card (16.9% APR) allows you to accumulate points that can be redeemed against motoring and AA products. In addition, you can receive up to 4% cashback when buying fuel using the card.

Discover No Fee and 24 Month Balance Transfer Offers Ending

The top two cards balance transfer credit available in early 2011 will be withdrawn from the market Feb. 28. These offers from Discover currently provide the least cost option for balance transfers and the longest 0% on balance transfers.

The limited supply at first maturity is a card free balance transfer offers an annual rate of 0% on balance transfers and purchases for 12 months. This is currently not the only fee balance transfer credit card market and offer the first instance available to consumers since the fall of 2008.With the Discover card no balance transfer fee, consumers can save $ 30 for every $ 1 000 they transfer from high cards in this card 0%.

With the average cost of balance transfer vacuum above 3.5%, this card is perhaps the best deal balance transfer for most consumers, especially those who only need a year to pay off credit card debt.

You can learn more and apply for Discover no fee balance transfer offer here.

The 24 month balance transfer offer from Discover is currently the longest 0% deal available by a full six months (the Citi Platinum MasterCard offers a 0% APR for 18 months and charges a 4% transfer fee.) While this offer does carry a 5% balance transfer fee, this fee is not that high considering many cards that only offer a 0% APR for 12 months charge fees of 4%.

Discover Although no offer transfer fee balance is again the best option for consumers who want to save money on interest and fees, but can pay off their balances quickly, offering 24 months is ideal for consumers who need additional time to repay outstanding credit card debt.

You can learn more and apply to transfer 24 months 0% balance offers Discover.

When these promotions credit card late next week, transfer the available balance will be longer than 18 months and there will be no fee cards zero balance transfer available.So if you are eligible for these cards, be sure to take advantage of these offers before March 1.

Below you can read the details of these offers and apply online. To learn more about balance transfers and compare offers additional, please see the main section where you can compare SmartBalanceTransfers.com additional cards 0% balance transfer credit.