Credit Cards – Balance Transfer with 0% APR

Background

Life was good in the Gogo 80s.

Same goes this time around.

The new millennium is good save for a dry spell in September 2008 and the March of 2020.

Credit Cards

If you are carrying too much credit card debt and you are trying to slim down a bit, please look at your outstanding debt and see what type of interest rate you are on.

Company Card Name Intro APR Ongoing APR Annual Fee Link Description
Discover Cash Back 0% on Purchases for 6 months and 0% on Balance Transfers for 18 months 13.49% – 24.49% Variable APR 0 Link
Most balance-transfer cards don’t give you much of a reason to hold on to them after the 0% period ends.

The Discover it® Balance Transfer is a noteworthy exception.

Get it for the lengthy 0% period for transfers, keep it for the cash-back rewards.

Citibank Citi Simplicity Card 0% APR for 21 months on balance transfers 15.74% – 25.74% (Variable) 0 Link
No late fees, no annual fee, and no penalty rate.

5% fee on transferred balances.

Bank of America BankAmericard® credit card 0% on Purchases for 18 billing cycles and 0% on Balance Transfers for 18 billing cycles for balance transfers made in the first 60 days 14.49% – 24.49% Variable APR 0 Link
The BankAmericard® credit card has a superb 0% introductory APR period for both purchases and balance transfers.
Wells Fargo Wells Fargo Platinum card 0% intro APR for 18 months on purchases and qualifying balance transfers 16.49% – 25.99% Variable APR 0 Link
The Wells Fargo Platinum card isn’t flashy, nor does it aim to be. It just gives you a nice, long 0% introductory period for a $0 annual fee.
U.S. Bank U.S. Bank Visa® Platinum Card 0%* on purchases and balance transfers for 20 billing cycles* 14.99% – 24.99%* Variable APR 0 Link
The lengthy introductory 0% APR periods for both purchases and balance transfers on the U.S.

Bank Visa® Platinum Card give you plenty of time to pay down new and old debts interest-free.

Key Points

General

  1. Credit Card Approval
    • Status
      • If Approved
        • Will know right away
      • If in Review
        • Will be advised that Application decision will come via U.S. Mail in the next 7 to 10 business days

Individual Credit Card

Discover

Discover Cash Back

  1. Balance Transfer
    • Intro fee of 3% of the amount of each transfer for transfers that post to your account in the next three months with the 0% intro APR balance transfer offer described above.
    • After that, 5% of the amount of each transfer.

 

US Bank

US Bank – Platinum Credit Card

 

 

CitiBank

Citi Simplicity

  1. Balance Transfer
    • Fees
      • Upon transfer of balance, a 5% charge is added on to the transferred Balance
    • Timeliness
      • Waiting Period
        • 14 days after opening your account
      • Processing Time
        • Takes about 7-10 days to process
  2. Late Fees
    • No Late Fees on late payments
  3. Cash Advances
    • Relative to purchases, cash advances are not charged higher interest rate

 

Wells Fargo

Platinum Card

  1. Balance Transfer
    • Fees
      • Introductory fee of either $5 or 3% of the amount of each balance transfer, whichever is greater, for 120 days from account opening.
      • After that, up to 5% for each balance transfer, with a minimum of $5.
  2. Penalty Fees
    • Late payment
      • Up to $37
    • Returned Check or Returned Payment
      • Up to $37
  3. Cash Advances
    • Either $10 or 5% of the amount of each advance, whichever is greater.

Reviews

CitiBank

Citi Simplicity

  1. Elizabeth Aldrich
    • Citi Simplicity® Card Review: A Balance Transfer Credit Card With No Late Fees
      Date Published :- Jan. 28, 2020
      Link

Sources

  1. Fool.com
    • The Ascent
      • Matt Frankel, CFP
        • The Ascent’s picks for the best credit cards for March 2020
          • Profile
            • A credit card can be a great way to build credit, earn rewards on every purchase, and even avoid interest charges on purchases and balance transfers.
          • Links
            Link
  2. NerdWallet
    • Claire Tsosie
      • 10 Best Balance Transfer and 0% APR Credit Cards of March 2020
        • Profile
          • A balance transfer allows you to move high-interest debt onto a credit card with a lower rate — often 0% for well over a year. Transferring a balance to one of these cards can save you hundreds or even thousands of dollars in interest, money you can apply toward getting out of debt sooner.
        • Links
          Link

Summary

Often by the time we think of these things it is too late.

If it is that way for you, please get somebody else to look on your behalf.

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