Picking a balance transfer credit card can be confusing.
But this latest listing of card offers, along with our Transfer Savings Estimator, shows how much you can save.
A lucky few may qualify for offers with a zero fee balance transfer.
With the right card, you can even reap rewards and benefits after you pay off the transferred balance.
If you know how these offers work, and you know what other perks to look for, you can find the best balance transfer card to minimize your interest and maximize your rewards.
Don’t be confused by this language; they’re essentially the same.
Balance transfer fees The other important consideration is the balance transfer fee.
Introductory offers When reviewing options for a balance transfer, the length of the introductory offer is usually the most important consideration.
That’s the period of time during which you’ll pay the introductory rate; for example, “0 percent for 12 months.”Balance transfer offer periods can run as short as six months, or as long as 21 months.
Generally speaking, the longer the period, the better.
Some offers describe the promotional period in “months,” some in “billing cycles” and some as “until” some date in the future.