Every day Americans are inundated with a flurry of credit card offers. They all seem tempting, and all offer their own advantages as well as disadvantages. With many cards offering cash back perks and low APRs on balance transfers, it can be a real challenge to find a card that works for your financial needs. To help, we’ve narrowed down your search by providing three credit cards that offer the best options when it comes to balance transfer to help you get your debt in order for 2020.
When it comes to selecting a credit card with an advantageous balance transfer, you want to pair 0% interest on transfers for the longest period possible and a low APR to follow. If these credit cards can also offer you some perks that will pay down your balance faster, it’s a bonus and one we certainly didn’t ignore. Try these credit cards to help you manage your credit card debt and get the best debt reduction options available to you.
Chase Freedom Unlimited Card
If you’re looking for perks as well as an easy balance transfer, you should try the Chase Freedom credit card. This card offers 0% APR on balance transfers and purchases for the first 15 months, making it possible to pay down that debt without any fees.
After 15 months, the APR goes to 15.99 to 24.74% depending on your credit score. This card also works to pay you back for your purchases with cash back perks. In the first three months of opening the card, when you make $500 in purchases, a $150 bonus will be added to your card that you can redeem or use to pay down your balance – we suggest paying down your balance.
There is also zero annual fee for this card and 1.5% cashback earning on every purchase you make with no minimum automatically.
Citi Simplicity Card
One of the best value credit cards on the market is the Citi Simplicity Card. This card offers the lowest APR for the longest amount of time than any other credit card out there. You can transfer a credit card balance and pay 0% APR for a total of 24 months. That’s two years of payments that can easily allow you to get a grip on your debt.
Following the 24 months, an APR of 14.99 to 24.99% will be charged based on your creditworthiness, and you’ll also receive 0% APR on any new purchases for the first 12 months of opening the card.
The card also offers no annual fee, which can save you more and there are no late fees or penalties, making this a card that really provides when it comes to managing debt and making purchases when necessary.
Keep in mind; there is a balance transfer fee of $5 or 3% of the balance transfer, whichever is greater.
Chase Slate Card
When it comes to balance transfers, the Chase Slate credit card really delivers. It offers no balance transfer fee for the first 60 days, making it a good credit card for high debt transfers. There is 0% APR on these transfers for the first 15 months, in addition to any purchases made on the card during this time.
Following the 15-month introductory period, the APR rises to 15.99 to 24.74% on balance transfers and new purchases. There is no APR penalty for late payments and no annual fee to contend with, making it possible to really pay off a large portion of your credit card debt without any additional fees.
Another benefit of the Chase Slate card is the ability to check and manage your FICO score. This can allow you to keep an eye on your credit and recognize the factors that go into calculating its score.
With these credit cards, you can get your debt under control and pay off those large purchases without any APR charges for several months. They will help you get your finances in order and get you some financial freedom in 2020.