Zero Apr Balance Transfer Cards

April 2011 0% APR Balance Transfer Credit Card Report

The length of 0% APR credit card balance transfer offer has risen sharply this month, while the transfer fee balance remained stable. The average length of balance transfer offers 0% surveyed rose from 11.64 months to 12.17 months. This is the first time the average length of offers of 0% has surpassed the one year since the credit crisis. Average transfer fee balance remained stable at 3.47%.

As in March, Discover continues to lead the pack with a transfer of 24 months in April offers 0% balance.Originally scheduled to end in February, this offer was continued until the end of the month. The offer comes following the longest of Citibank, which recently increased the period of introductory 0% on purchases and balance transfers on the Citi Platinum card from 18 to 21 months.

Consumers who do not need to transfer balances credit cards Citibank will probably find that the offer Citi Platinum is the best available. Although only three months younger than the promotion Discover the 24 months, this card has a low 3% fee balance transfer, as opposed to a fee of 5% Discover is charging.On a $ 5,000 balance transfer, lower fees charged by Citi translates to $ 100 in savings on transaction costs.

For details on these offers, please see the April% 0 balance transfer section where you can learn more and apply online.

In addition to the offer mentioned above, Citibank, Discover, and Capital One also offer card balance transfer credit at 0% above the average of the introductory periods.The Citi Dividend Card offers consumers an annual rate of 0% on purchases and balance transfers for 15 months and a cash return of $ 100 signup bonus available to new applicants who spend $ 500 three months of becoming a cardholder. This sign up bonus can be substantially offset the transaction fees of 3% on balance transfer $ 3300, which makes this option good for consumers who do not need more than 15 months to repay their debt.

The Capital One Platinum Prestige Card also offers consumers an annual rate of 0% on purchases and balance transfers, which lasts just under 15 months.As the map of dividends, this offer is also a tax of 3% balance transfer.

Apart from offering them 24 months, Discover also offers an annual interest rate of 0% for 15 months on purchases and balance transfers with Discover card more. This card contains 4% fee balance transfer.

Finally, the credit card Chase Slate offers an annual rate of 0% up to 15 months and pay a fee of 3% balance transfer. However, some requests can be approved and only offered a rate of 0% for 6 months.The length of this offer is not revealed until after consumers apply, which can obviously cause problems for those who do not qualify for the longest advertised rate.

Facts To Note About 0% Balance Transfer Credit Cards | credit card ...

Copyright (c) 2009 Liz Roberts

With the competition is tougher by the minute, the credit card companies to find new and exciting ways to attract potential card holders. One of the best offers on the market is zero percent balance transfer credit card.

As its name implies, a 0% transfer credit card balance is best suited for people with other existing balances credit cards with high interest rates. By moving your balance to new credit card zero interest rate, you can start repaying your debt, less the additional interest charges.

Card 0% balance transfer credit gives you a chance to fix all your balances without interest within the time limit. This period may be 6 months to 12 months or more depending on the credit card issuer. Imagine how much money you can save interest charges only when you transfer your balance from one card to high speed.

Your risk to avoid 0% APR Balance Transfer Card

However, as promising as they seem, not all cards balance transfer credit with zero interest rates give the best deals.Here are some factors that you should not fail to miss when choosing a credit card balance transfer:

* The high cost of balance transfer. You may be offered annually to 0%, but would you be a transfer fee high? Some cards 0% balance transfer credit will cost you as much as for any balances you transfer. You always want to compare a credit card with transfer fees reasonable.

Penalty Fee * high. Beware card balance transfer 0% which imposed high penalties if you do not submit your monthly payment on time.You can also get disqualified enjoy interest rates of 0% if you missed or delayed a single payment. Worse, some credit cards will change your annual interest of 0% in April to a variable that can increase unpredictably.

* High interest rates after the introductory offer. What will the interest rate will be after you have enjoyed zero percent in April for six months. Warning! You may be facing a right to reasonable interest rate after the end of your sixth month introductory period.

Do you need a balance of zero interest Transfer Credit Card?

An appropriation of zero percent balance transfer is not really for everyone. If you're only transferring a small amount of balance, so maybe it is not necessary for you to apply for a card balance transfer 0% and focus on paying off your balance instead. In addition, credit cards with 0% APR offers generally require good to excellent credit a cardholder. If you have bad credit, you may be denied when you apply.