Balance Transfer Offers with 0% APR
CreditBreak.com offers a range of 0% APR balance transfer credit cards. Balance transfer is the shift of the existing balance from one credit card onto another, usually to get a lower APR and, thereby, to save money. Some credit card issuers provide lower APR's for balance transfers.
If you are a lucky holder of a good credit score, take advantage of 0% APR for up to 12 months introductory period. These cards are a perfect weapon for fighting with high interest rate credit card debt, and they are a great financial source for your online savings account. You just need to transfer your funds, earn interest, and pay it back before the end of the 0% period.
- 0% Intro APR.*
- No Annual Fee.
- 5% Cashback Bonus®.**
If you want to transfer balances or earn rewards
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- 0% APR on Balance Transfers for 15 months.
- 7.99% Fixed APR thereafter.
- Earn 5% Cash Back or Travel Rewards.
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- 0% Intro APR for up to 12 months.
- No Annual Fee.
- Free Online Account Access.
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How to make 0% APR balance transfer work for you
Imagine you have some credit card debt that you want to reduce and eliminate eventually. You have a good or excellent FICO score. Then getting a 0% APR balance transfer credit card should become your number one goal to transfer your debts to your new credit card.
1. It is advised that you don't make any purchases with this card, but only pay your minimum interest required.
2. With the lapse of time, use the funds you have saved on interest payments with the new 0% APR credit card and start to pay off your credit debt on the existing higher interest card.
3. Once you eventually have paid off your credit debt on your old higher interest card, you start paying off the debt on your 0% APR card.
Although there are some pitfalls, you should be aware of when you choose a balance transfer credit card. A perfect 0% APR balance transfer credit card implies some particular features.
If you want a long interest-free balance transfer period
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0% Intro APR.* No Annual Fee. 5% Cashback Bonus®.**
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0% Intro APR.* No Annual Fee. 5% Cashback Bonus®.**
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0% APR on Balance Transfers for up to 12 months. No Annual Fee. Earn up to 6% Cash Back on purchases.
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Tips: How to save wisely with 0% APR balance transfer
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Try to get the longest 0% APR introductory period possible. The most preferable is 12 months. Most of the balance transfer cards will offer you only 6 months, but the longer the introductory period - the better. Take into account that you will probably need a couple of years to pay off your credit debts, so a longer 0% APR period will be right on the button.
Please consider your APR after the introductory period. Make sure it is reasonably low as well. It should be at least low in accordance with your credit profile.
There are many really high interest rates credit cards, which offer a 0% APR on balance transfers for introductory period, but when it comes to an end, you may be badly frustrated about your new high APR.
Try to apply for a credit card with no balance transfer fee. You may think it's not really a big deal, but the average balance transfer fee is 3% of the total balance transfer with the minimum finance charge of $5 and a maximum charge of around $50 to $75. A 0% credit card with no additional balance transfer fee charge will help you to save. |
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We strongly recommend you not to apply for a credit card that uses two-cycle average daily balance method of estimating balances.
The average daily balance method is applied to the most of the cards. If you carry a debt and wish to reduce your balance every month to pay off your debt, the two-cycle average daily balance method will cause higher finance charges.
Try to obtain a 0% APR balance transfer credit card with the introductory period starting from the date of transfer (not from the account opening date). This will give you some freedom in case you need to do a balance transfer later. Some cards give you a 0% APR from the account opening day. And some will let your introductory period begin on the day of balance transfer.
Make sure you pay off your bills on time. If you don't, your 0% APR will turn into default APR. Here the effective method of automatic payment can help you. You can set a monthly transaction from your bank account directly to your credit card. This will ensure your payment comes on time. Or you can simply pay your bill right upon its arrival. |
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± The Rate and Term Length are subject to change. Please see Terms and Conditions for actual Rate and Term Length.
** 5% Cashback Bonus® in categories like travel, home, gas, restaurants, movies and more.