Balance Credit Card: You Can Also Save
Money
by Sandra Mariante
A credit cards worth to the consumer
can be decided by the rate of interest it offers. However,
there are other features that the credit card shopper looks
out for while shopping for a card. One such thing is what
is known as a balance transfer credit card. These are cards
that are designed to consolidate the credit card holders
credit card debt onto just one single card. This enables
the holder to save money on interest charges. A common
feature with such cards nowadays is that they now charge a
low introductory APR rate of interest on balance transfers
on credit cards.
A good example is Discover Open Road Card. This card allows
you a special introductory rate of 0% on not only your
purchases, but also on your balance transfers for up to 6
months. Afterwards, you pay a low regular APR rate of
10.99%. Miles by Discover Card offers you the same rates at
no annual fee among other interesting offers like flexible
redemption options on travel, cards and cash.
Another low interest credit card is the Citi Platinum
Select MasterCard. This card offers you a 0% introductory
APR rate for the first 12 months on all purchases and
balance transfers. Their regular APR rate is 10.99%.the
Discover More Card also offers you an introductory APR of
0% for 6 months on purchases and 6 to 9 months on balance
transfers. Their regular APR rate is 10.99%
Capital One No Hassle Miles Ultra - For Professionals card
offers you 0% introductory rate until May 2010 and a
regular APR of 13.90%. However, they also charge you an
annual fee of $39.00. The Miles by Discover Card will offer
you a rate of 0% on purchases and balance transfers for 6
months. Thereafter they charge you an APR rate of 10.99%.
The Simmons First Visa Platinum has no introductory APR but
offers you a regular APR rate of 7.25%. All these credit
cards allow balance transfers and each one of them offers
attractive packages depending on the purchases you make. It
is thus up to you to choose the one that suit your
needs.
However while you choose them be careful to find out the
needs and specifications of the cards. Choose something
that really benefits you with its plans and policies and
also help in hassle free balance transfer of money. Those
with 0% APR are really good for you.
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