We analyzed popular balance transfer cards with no balance transfer fee using an average American's annual spending budget and credit card debt and digging into each card's perks and drawbacks to find the best of the best based on your consumer habits.
But the longer you need to get out of debt, and the higher your current interest rate, the more beneficial a balance transfer becomes, even if you have to pay a fee. Use our calculator to see how much you could save » MORE: Balance transfers: Benefits, drawbacks and alternatives Abo...
intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first four months of account opening. After that, your fee will be 5% of each transfer (minimum $5). And if you have debt on another Citi-branded card, you can't transfer it to the Double Cash card...
Cardholders can also enjoy a 0% introductory APR on purchases as well as qualifying balance transfers for 12 months from account opening, then 19.24%, 24.24%, or 29.24% Variable APR. Biggest drawbacks: Cardholders may be better served if they pair it with a card that features bonus ...
NerdWallet reviews credit cards with an eye toward both the quantitative and qualitative features of a card. Quantitative features are those that boil down to dollars and cents, such as fees, interest rates, rewards (including earning rates and redemption values) and the cash value of benefits an...
Drawbacks of free checking accounts But hold on a minute. Before you rush to open that free checking account, there are some potential pitfalls you should be aware of. Here’s what you might want to consider. Lower interest rates One thing to remember is that free checking accounts might no...
No need to pay annual fees, interest rates, and even no credit history is required. Drawbacks This card has some shortcomings, such as a lack of benefits. To use this credit card, you’ll also need to open a Chime checking account. ...
However, you can’t make balance transfers or cash advances at the moment, and its broad APR range, determined by your creditworthiness, means you may see interest rates well above average. Credit-building features: Track progress and potential to increase credit line The Petal 2 card reports ...
Balance Transfers do not earn cash back. Intro APR does not apply to purchases. If you transfer a balance, interest will be charged on your purchases unless you pay your entire balance (including balance transfers) by the due date each month. There is an intro balance transfer fee of 3% ...
No annual fee business cards are less likely to come with perks such as travel credits and flexible spending limits. High interest rates. Carrying a credit card balance is typically expensive, with the average credit card APR for accounts with a balance at 22.76% as of May 2024.How...