Balance transfer credit cards are basically new credit cards, which charge much less interest on balance transfers than traditional credit cards. These types of credit card provide consumers with zero interest on moved balances for a short term, typically a few months to a year. Some of these best balance transfer credit cards also offer 0% interest for up to an entire year. But it’s important to find out if any fees are involved before signing up for this type of credit card.
The two best balance transfer credit cards at present are the Bank of America intro APR credit card and the American Express credit card. Both of these have very low interest rates and long introductory periods. The Bank of American card offers three months of zero interest. And the American Express card has no annual fee and unlimited rewards. The differences between the two cards can be seen in their long and short term benefits.
Bank of America’s card has some good incentives to attract customers. Rewards programs include a free bottle of gas for every paid gallon you top. There are a number of other benefits offered with the cards. One of the best balance transfer credit cards is the Bank of America intro APR card.
The Bank of America intro card makes it easy to pay down your debt. Because you have a very low balance, you will be able to get lower interest rates. Because of the long introductory period, you will be paying off your debt a lot faster than with bad credit debt. And, because you have excellent credit, you won’t have to pay a high amount towards your balance transfer.
The Bank of America card allows you to add up all of your debt. You can determine how much you owe on each card, and you can determine how much you want to put down. Then you can use the Bank of America balance transfer calculator to figure out how long it will take you to pay off each of your cards. You can also choose how much of your debt you would like to transfer to the introductory offer card and determine how much of your debt that you would like to transfer.
You can use Bank of America’s website to see all of the different offers they are offering. If you decide that Bank of America is the company for you, all you need to do is apply online. You can apply right from your home or office. The process of applying online is easy and takes only a few minutes. Once you apply, you can usually expect to hear from Bank of America within about twenty-four hours.
By using the Bank of America card, you can quickly get approved for either a low interest rate or a new card with a lower interest rate. It also makes financial sense to pay off the old card, rather than transferring the balance to another introductory offer. If you are able to do this in twelve to thirty-six months, you can save hundreds of dollars in interest payments.
It does not hurt to take a look at the features of any credit card you are thinking about applying for. Each credit card company has different rules and fees associated with their cards, and you will want to be sure to read all of the information carefully before you apply. Bank of America has an introductory offer that lasts until July 31st, so it only makes sense to make sure you get approved as soon as possible. Read about the benefits of having a Bank of America balance transfer fee along with any other special offers and see which one is best for you.