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What are the Top Balance Transfer Credit Cards?

Lily AldridgeVerified
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Summary：Looking to reduce your credit card interest charges? Check out these top balance transfer credit cards offering introductory 0% APRs and cash back rewards.

: Everything You Need to Know

If you're carrying a balance on your credit card, you know how quicklyinterest chargescan add up. One way to reduce your interest charges is to transfer your balance to a credit card with a lower interest rate. Here are some of the topbalance transfer credit cardsto consider.

1. Citi Simplicity® Card

The Citi Simplicity® Card offers an introductory 0% APR on balance transfers for 21 months, which is one of the longest introductory periods available. There are no late fees or penalty rates, making this card a great option for those who want a simple, straightforward credit card.

2. Chase Freedom Unlimited®

The Chase Freedom Unlimited® offers a 0% introductory APR on balance transfers for 15 months. In addition to the balance transfer offer, this card also offerscash back rewardson all purchases, making it a great option for those who want to earn rewards while paying down their balance.

3. Discover it® Cash Back

The Discover it® Cash Back offers a 0% introductory APR on balance transfers for 14 months. This card also offers cash back rewards on all purchases, with bonus categories that rotate each quarter. Discover will even match all the cash back you've earned at the end of your first year, making this card a great option for those who want to maximize their rewards.

Tips for Applying for a Balance Transfer Credit Card

When applying for a balance transfer credit card, there are a few things to keep in mind. First, make sure you understand the terms of the introductory offer, including the length of the offer and any fees associated with the transfer. Also, check to see if there are any balance transfer limits or restrictions.

It's also important to make sure you have a plan to pay off your balance during the introductory period. After the introductory period ends, the interest rate will increase, so it's important to pay down your balance as much as possible before the higher interest rate kicks in.

Finally, be aware of any annual fees associated with the card, as well as any other fees that may apply. Make sure you understand the terms and conditions of the card before applying.

Conclusion

Balance transfer credit cards can be a great way to reduce your interest charges and pay down yourcredit card debt. When choosing a balance transfer credit card, make sure you understand the terms of the introductory offer, have a plan to pay off your balance during the introductory period, and are aware of any fees or restrictions associated with the card.

By using a balance transfer credit card wisely, you can save money on interest charges and pay down your credit card debt faster.

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