Credit cards with 0 apr balance transfer
Looking to pay off credit card debt without paying any interest? Then 0 APR balance transfer credit cards might be your best bet. Shifting your balance onto one of these savvy cards can eliminate or reduce the amount of interest you’re paying on high-interest accounts and save you hundreds, if not thousands, in the long run. In this article, we’ll explain how 0 APR Balance Transfer Credit Cards work, which ones offer the best deals and how to get one for yourself. Keep reading to find out more about how a 0 apr balance transfer credit card could save you money!
What is a 0 APR Balance Transfer Credit Card and How Does It Work
A 0 APR balance transfer credit card is a financial tool that allows people to manage their debts and save on interest charges. When you move your existing credit card balances over to this type of card, an introductory period with no annual percentage rate (APR) is activated – usually around six months but it can vary depending on the provider. During this time frame, only your principal balance needs to be paid off: no additional fees or charges will accrue as long as minimum payments are made each month until such time when all outstanding amounts have been cleared from the account. Once these special terms expire standard rates take effect; however considering what would otherwise have occurred convenience alone makes it worth while given how much cash would’ve been wasted through higher rates.
Top Ten List for Zero Percent Interest Credit Cards w/ Balance Transfers
Here’s our top ten list for zero percent interest credit cards with balance transfers:
Chase Freedom Unlimited: This card offers a 15-month 0% APR period on balance transfers (3% fee applies).
Citi Simplicity Card: This card offers an 18 month promotional period at zero percent interest rate applicable towards transferred balances only (5% fee applies).
American Express EveryDay Credit Card: This card provides 15 months of promotional financing at zero percent interest rate for balance transfers (3% fee applies).
Discover it Card: Offers a 14 month no-interest period on transferred balances; however there is a three percent fee associated to such transactions.
Wells Fargo Platinum Credit Card: For the first eighteen billing cycles, this credit card will charge no interest on any balance transfers; with a minimum of $5 or 3% charged as transfer fees depending upon whichever amount is greater.
U.S. Bank Visa Platinum Card: For the first eighteen billing cycles, this credit card will not charge any annual percentage rate (APR) on balance transfers. A minimum payment amounting to either $5 or 3% shall be applied as fees for each transferred balance – whichever figure is higher in value being applicable.
HSBC Gold Mastercard®: Offers an introductory offer of zero-percent APR valid throughout seventeen monthly statements from date account opened, however four percent fee applies during transaction process itself where funds are shifted between different lenders/credit cards etcetera
Bank Americard Cash Rewards Credit Card: The first fifteen billing cycles will not have an annual percentage rate (APR) assessed against them in relation to balances transferred onto this particular type of credit card.
Barclaycard Ring Mastercard® : No interest charges whatsoever for fifteen months after opening up the account. No transfer fees either!
Capital One Quicksilver Cash Rewards Credit Card® : You won’t accrue any interest on your transferred balances for the first fifteen months and only pay a three percent fee when you make those moves. Benefits of Getting a Zero Interest Balance Transfer Credit Card
Balance transfer credit cards with 0% APR have various benefits. Zero percent interest rate and fees on balance transfers can save you a lot of money in terms of typical interest payments when moving your balance from other high-interest credit cards. Furthermore, due to the intro period included, you can pay off what you owe in less time and each month save more on interest.
Also, many 0% APR balance transfer credit cards offer reward points plus cashback deals that will see to it that your savings increase as time goes by with all purchases made. If one wants to keep some extra money or find better ways of dealing with debt then perhaps they should consider applying for a zero interest credit card; this could be very useful financially.
Tips for Selecting the Best 0% APR Balance Transfer Credit Card for You
Before taking any action, ensure you determine which among the many available options is most suitable for your needs. Be sure to check out things such as the length of the introductory offer period; whether or not there are any fees associated with using this card; and also look into chargeback policies if applicable so that no surprises come up later on down the line. Consider customer reviews – read up about what people who’ve tried these products have had to say – before making up your mind since ideally, one would like select an item which has been positively reviewed by those who tested it out themselves. Whichever way one looks at it though picking out a proper 0% apr balance transfer credit card can prove invaluable towards saving funds and achieving desired results so take care when deciding which route to follow.
Credit Cards With No Foreign Transaction Fee
How To Avoid Paying Interest On Your 0% APR Balance Transfer
While paying down debt via 0% APR transfers makes it more manageable, still don’t let yourself go beyond max repayment term else debts start earning interests again. But don’t worry because there are workarounds that can help avoid incurring extra costs when paying off debts.
Firstly, ensure you understand all terms related to balance transfers and make payments before the end of zero interest period. Secondly, set aside money every month if possible by creating a budget so that when time comes for repaying your balance transfer; funds will be readily available.
Ways To Maximize Savings With A 0% APR Balance Transfer Credit Card
A strategic approach combined with discipline is necessary if one hopes to get most out of this type of credit card. One key thing which should not escape anyone’s attention is ensuring that the 0% APR offer lasts long enough for them to pay off their balances completely as any remaining amount shall attract retroactive interests charges. Additionally, having an introductory offer on purchases while maintaining zero percent periods on transfers may also be helpful because it allows users earn rewards while clearing their debts faster.
Additionally, do not forget to continue making your regular monthly payments because that is what maintains your credit score. But anyway, knowing all the features and benefits beforehand will allow you to budget and plan well thereby maximizing savings with a 0 APR balance transfer credit card.
Tax Filing Forms and Tax Calculations for 0 APR Balance Transfers
Understanding taxes when it comes to managing a credit card with 0 apr balance transfer is important so having accurate tax resources available is key. First of all find out which tax forms are applicable for this transaction; secondly calculating the taxes owed on a zero percent interest rate balance transfer may be difficult but there are many guides that can help you through it. Doing proper research and coming up with correct numbers would make filing/payments stress free which every holder of such cards should seek after.
To sum it up, zero annual percentage rate balance transfers could save one’s money as well as relieve debt-related anxiety. Reflect on the conditions of the given card, manage finances wisely while paying regularly without missing a month or two ahead of time according to a plan made before hand then these cards can serve as an excellent foundation for financial security. You should review all the benefits and features of a card before making your final decision.
This will ensure that you choose one aligned with your specific financial objectives which differ from person to person; also filing taxes has its own protection in case something goes wrong financially too. In conclusion taking advantage of such offers ensures more cash flow within no time!
