Balance Transfer Credit Cards - Zero Percent Cards With Rewards
Below is a MRR and PLR article in category Finance -> subcategory Credit.
Balance Transfer Credit Cards: Zero Percent Offers with Rewards
Overview
Balance transfer credit cards are perfect for anyone looking to move high-interest debt to a card with a lower rate. This transfer can save you money by reducing interest payments. However, be cautious, as some lenders impose high fees on these transfers.
Finding the Best Balance Transfer Cards
Many top balance transfer cards are available online, providing a wealth of information to help you choose the right option. These websites offer details on credit card terms, including APR, introductory rates, fraud protection, balance transfers, rewards, and more.
Key Features
1. 0% Introductory Rates: Many lenders offer a 0% intro rate for up to a year on both purchases and balance transfers, which is a significant benefit. This allows you to save on interest, especially if there are no fees on transfers during the introductory period.
2. Fraud Protection: With identity theft on the rise, fraud protection is a crucial feature. It provides peace of mind by safeguarding your identity. Additionally, cards often offer online instant approval, although good credit is necessary to qualify. Other benefits may include travel and accident coverage and car rental insurance.
Considerations
- Fraud Protection: How important is the security of your identity to you?
- Rewards vs. Security: Do you prioritize rewards over identity protection?
- Travel Accident Coverage: This benefit can be invaluable and may offset the lack of a rewards program.
- Car Rental Protection: If you frequently rent cars during travel, this insurance can be beneficial.
Example: Citi Diamond Preferred
The Citi Diamond Preferred card provides occasional offers, such as a 0% introductory APR for up to 12 months on balance transfers. However, this may not apply to purchases or cash advances. The card includes a rewards program, allowing you to earn points redeemable for travel, dining, and more. It features no annual fee and no balance transfer fees, a significant advantage compared to the usual 3% to 4% charge.
Conclusion
If you're in the market for a credit card, consider applying while these offers are available. Balance transfer cards can be an excellent financial tool when used wisely.
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