Balance transfer credit cards have become a great way to keep banks on their toes when it comes to competing for your business. If you have built and maintained great credit scores, balance transfer credit card account accounts have become your way to keep lower annual percentage rates throughout the life of your debt. I am going to go over the top 4 balance transfer charge card accounts hopefully this list helps you to pick the best credit card for you:
Balance transfer charge card account #1:
The balance transfer charge card that takes the #1 position is issued by Discover cards. The Miles by Discover card is a great choice for a few reasons. First off this card offers a 0% promo interest rate on balance transfers that lasts for 6 billing cycles. After the introductory APR, the standard interest rate on the card will be a low 10.99-16.99%. Aside from the interest rate, the reward system on this credit card account is phenomenal. You can redeem your rewards points in many ways however the most common ways from Miles by Discover users are airfare, gift cards, and cash back.
Balance transfer charge card #2:
The #2 balance transfer charge card is the Slate card from Chase. As with Miles by Discover, the Slate card also offers a 0% introductory interest rate. However, for balance transfers, this 0% offered lasts for a full 12 months. Another thing that is appealing about any Chase cards is the impeccable customer service offered. Chase is known for some of the best customer service ratings in the credit card account industry. Finally, the Slate credit card is said to be the most secure credit card account out there. With patented fraud protection guidelines Chase really did go all out on this credit card.
Balance transfer credit card #3:
The balance transfer credit card account in third place is the Escape by Discover card. Much like the Miles card, Escape also offers a 0% intro APR for 6 months on balance transfers. The long term APR is also the same ranging from 10.99-16.99% depending on your credit. What really sets this credit card apart however is the reward system. Receive double miles on qualifying purchases and 1 mile for every dollar spent on the credit card account. Also, reward redemption offers vary. With so many choices for reward redemption with this charge card, you can’t go wrong.
Balance transfer credit card account #4:
Taking fourth place today is a credit card that is fairly new to the balance transfer industry. The IberiaBank Visa Select charge card account has some very unique features. One of the great things about this credit card is the long term low annual percentage rate of prime (currently 3.25%) plus 4.25% this is one of the lowest long term annual percentage rates in the credit card account industry to date. The only real draw back to this credit card is the application process. To be approved for this credit card account you must not only have excellent credit but, you must also prove your income which in some cases can be a bit annoying to consumers who have paid their bills on time every time.