The Best Balance Transfer Credit Cards in 2016

What is the best balance transfer credit card? This is a popular question frequently posed to me by visitors of my website. It is also one of the most difficult credit card questions to answer. The simplest answer is “it depends.” If only it were that simple. Finding the best balance transfer depends on a number of factors. Here, we will examine a few common situations where there is definitely a best balance transfer option

best credit card in 2016

With regards to the best balance transfer credit cards, there are a number of features available. There are quite a few banks that provide excellent intro APR’s along with other benefits with their cards. When you review the terms they present, keep an eye out pertaining to any prospective charges that might be linked to the account.

A good card will contain the following:

  • No membership fees
  • Low interest
  • Not less than six months at interest rate on a balance transfer

As we continue on hunting for the Best balance transfer cards of 2016 in USA notice that you will receive the most beneficial interest rates and benefits if you have a better credit score. Prior to deciding to complete card applications, make sure to realize your situation, as some deals may not be available to you.

Capital One

capital one credit card

Among the Best balance transfer cards of 2016 in USA, you will find that they provide features that meet nearly all of your requirements. For starters these cards include 15 – 18 months at zero benefit with transferred balances, and up to twelve months at zero percent interest fees on all purchases making use of the credit card in addition.

Various other benefits attached to these bank cards normally include: Highway Side Support, Traveler’s Insurance, Zero Culpability for fraudulent activity, plus zero yearly charges.

Citibank Cards

citi bank credit card

This particular series of bank cards also have up to an eighteen month period on balance transfers with zero % annual percentage rates. On top of that, the identical length of time is also given to all expenditures that happen on these bank cards as well. They’re jam packed with fraud security and avoidance precautions which will supply the standard consumer comfort. After the promotional period, the card’s % leaps inside the range of 11.99 – 21.99%.


discovery credit card

Your third set of the big issuers features zero % interest rates on account balances transferred for as much as 15 months, and there also is up to 20.99% interest which is charged on balances after this time period. Discover can accept larger balances, and in case you have a considerable amount of credit card debt they want to pay the balance of right now without interest fees, this could be the perfect solution.

Take into account that when you are picking the best balance transfer credit cards, your aim is going to be to pay off the outstanding debts you’re saving money on. If you are searching for a short term answer, there are other bank cards that could work better for you.

How to Apply For Balance Transfer Cards

Balance transfer cards are an often unrecognized way to get your finances in order. If you are struggling with credit card and other consumer debt, simply transferring your current credit card balances to a zero or very low rate introductory offer credit card can make the difference between surviving or crashing. If you are paying high interest rates on your current credit cards you can easily save hundreds of dollars every month, depending on the size of your debt. The longer your introductory period, the more you will benefit by transferring your balances.

balance transfer

You are probably wondering why, if balance transfer cards are so great, more people don’t take advantage of them. There are three main reasons for this. The first reason appears to be that they look too good to be true and a lot of people wonder if there is a catch. The second most common reason people don’t take advantage of these offers is that people get stuck in a rut and find it difficult to change. The third reason that people continue suffering from debt stress when they could immediately alleviate it is that they procrastinate because they believe they don’t have the time to go through the process.

None of these reasons is good enough to keep struggling financially. Firstly, there is no unpleasant ‘catch’ attached to balance transfer cards. They are a highly effective marketing tool to attract new customers to credit card providers. People are enticed by the interest free (or low rate) period but will revert to paying normal interest rates at the end of it. That’s why lenders make these offers. Secondly, even though it is easier to do nothing in some situations, it is crazy to stay in chronic financial stress if you can actually get out of it. Finally, online credit card services make it quick, easy and convenient to go through the process of researching, choosing and applying for an introductory offer credit cards online.

balance transfer credit cards

Comparison credit card websites can take a lot of the stress out of trying to find the Best balance transfer cards of 2016 in USA. They have done the initial research for you and present the best cards for your consideration. They usually offer detailed comparisons, so that you can make an informed decision about which card is best for your needs. Once you have made your decision you can apply online at any time of the day or night. These all-in-one sites make the process so easy from beginning to end that you can find yourself with an online application in a very short space of time.

Even though balance transfer cards can provide immediate financial relief, it is important to take financial stock so that you don’t repeat your mistakes. Talking to a debt counselor can be helpful in identifying habits that have caused you to end up in a high debt situation. A debt counselor can also help you to develop a budget. It is important to learn to live within your budget and to include savings for emergencies in your expenses so that you don’t have to fall back on credit cards if things go wrong. If you take these steps your balance transfer can give you the opportunity to regain your financial balance and create a positive financial future.

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