
	Favorites
	Best Credit Cards Credit Card Deals Business Credit Cards Student Credit Cards Rewards Credit Cards Low Interest Credit Cards No Annual Fee Instant Approval Balance Transfers



	Rewards
	Cash Back Credit Cards Gas Credit Cards Airline Credit Cards Travel Credit Cards Hotel Credit Cards



	Introductory APR
	0% Purchases 0% Balance Transfers



	By Bank
	American Express Chase Credit Cards Citi Cards Discover Cards MasterCard Visa



	Resources
	Subscribe via RSS Credit Card Tips Credit Card Reviews

Balance Transfers

Compare Balance Transfer Credit Cards and Apply Online

Are you currently carrying a balance on a credit card? Move your balance down by reducing your interest rate. Getting a new credit card with low or promotional 0% interest on balance transfers can help. Use the money you're saving in interest payments to pay down the balance of the credit card.

Read more about: Low Interest Credit Cards

Blue Sky from American Express®
7,500 bonus points when you spend $1,000 within 3 months – redeemable for a $100 statement credit. No annual fee Travel rewards with no blackout dates or travel restrictions. Redeem with any airline, any car rental, any hotel - anytime Pay your bill all at once, or over time. It's up to you. Blue Savings Program®: big deals on big brands, all the time Get a decision in as little as 60 seconds

Our Review: If you want to earn travel rewards but don’t want an annual fee, the American Express Blue Sky credit card is one of your best options. This card earns points on virtually all your purchases... Read full review
Intro APR for Purchases	Intro APR for Balance Transfer	APR as low as	Annual Fee
0% for 12 months	-	17.24% - 22.24% (Variable)	$0

Blue Cash Preferred℠ from American Express
Earn $150 cash back after spending $1,000 in eligible purchases in the first 3 months of Cardmembership 0% intro APR on purchases for 12 months, flexibility to pay over time Get 6% cash back at supermarkets, 3% cash back at gas stations and department stores, and 1% cash back on all other purchases NO spend minimum, NO enrollment, and NO rotating rewards categories Get a $75 Referral Bonus for each friend or family member who is approved for the Card The annual fee pays for itself. With 6% cash back at supermarkets, if you spend just $25 weekly at your supermarket, you can receive over $75 cash back from these purchases alone.

Our Review: If you are looking to maximize your annual cash back rewards, the American Express Blue Cash Preferred Card is the way to go. This card has one of the highest cash back bonus rates in the industry. American Express created this card as an upgrade to the Blue Cash Everyday Card. While the Preferred Card has an annual fee, you can make this money back if you take advantage of the card’s generous cash rewards and bonuses... Read full review
Intro APR for Purchases	Intro APR for Balance Transfer	APR as low as	Annual Fee
0% for 12 months	-	17.24% - 22.24% (Variable)	$75

Disclaimer: This content is not provided or commissioned by American Express. Opinions expressed here are author's alone, not those of American Express, and have not been reviewed, approved or otherwise endorsed by American Express. This site may be compensated through American Express Affiliate Program.

Balance Transfers Benefits

Top 4 Balance Transfer Credit Card Benefits

With all of the available credit cards that are out there these days, it can be hard to know which card is right for you. Balance transfer credit cards are a great option for you to consider as they can help you pay off debt faster while saving you money.

Save money

Everyone is looking for ways to save money and a balance transfer credit card could be the answer for you. By transferring your balances from high rate credit cards to a lower rate card, you will be paying less interest.

Many balance transfer credit cards also offer introductory rates. Sometimes, these rates are as low as 0% for the first 6 months! This means you won’t have to pay any interest for the introductory period, which leads to huge savings!

Here’s an example of the savings you could get when you take advantage of a balance transfer credit card. Let’s say you currently have $3,000 on a credit card with 24%APR. You decide to do a balance transfer to a card with 13%APR; this new card is also offering an introductory rate of 3% for 6 months. You will save $483just in the first year of the balance transfer!

Pay off debt

Balance transfers also help you pay off your debts faster. This is because you will have less debt to pay off. Sure, the balance is the same as with your existing card but because you will owe less in interest, you will owe less in the long run.

One great way to pay off your debt quicker with the help of a balance transfer credit card is to continue making the same monthly payments that you are currently paying. You will see that your monthly minimum payment will be lower with the new lower rate. But if you keep paying the same minimum payment as you were before, you could shave years off the time that it takes to pay off the balance!

Increase your buying power

A new credit card will also boost your buying power. Balance transfer credit cards often have higher limits than a regular credit card. This means that you will have more credit available to you with your upcoming purchases. This is a valuable benefit if you plan on purchasing furniture, electronics, appliances or other big tag items in the near future. Just be sure to be responsible with that new limit!

Increase your credit score

Being responsible with your balance transfer credit card will also help you increase your credit score. Many people do not realize that credit scores take into consideration their debt-to-limit ratio. This is the percentage of your credit card limits that you are currently using. In other words, the higher your balances, the more it affects your score.

As mentioned previously, transferring your balances to a lower rate card will help you pay off your debt quicker. This will automatically help you boost your credit score. This is a good thing, especially if you have your eye on a new ride or are in the market for a new house. Every little thing helps when it comes to your credit and future interest rates.

Articles on Balance Transfers

6 Common Balance Transfer Mistakes to Avoid

By Grace Carter - Tips

We love the idea of balance transfers. They allow us to transfer higher-rate balances to one low-rate credit card, thereby allowing us to both simplify our monthly debt payments and save money.

Personal Debt Could Prevent America's Recovery

June 10, 2011 - By Andrew Green - News

Economic experts are worried that the level of private debt in America could prevent the nation’s economy from fully recovering for years and lead to a possible, “Lost Decade.”

You might also be interested in

April

2012


	Power of the Extra Dollar Nobody wants to pay more than they have to. But paying even just an extra dollar on all your long-term loans or credit card bills can save you money in the long run.

Balance Transfers

Compare Balance Transfer Credit Cards and Apply Online

Blue Sky from American Express®

Blue Cash Preferred℠ from American Express