credit card balance transfers http://www.wisebread.com/taxonomy/term/12453/all en-US The Best Low Interest Rate Credit Cards http://www.wisebread.com/the-best-low-interest-rate-credit-cards <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/the-best-low-interest-rate-credit-cards" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/young_woman_piggy_bank_000019734047.jpg" alt="Young woman saving money piggy bank" title="" class="imagecache imagecache-250w" width="250" height="141" /></a> </div> </div> </div> <p>The only thing more challenging than managing credit card debt is getting out of it. To accomplish this important goal you need a sound budget, plenty of discipline, and a credit card with the lowest possible interest rate. (See also: <a href="http://www.wisebread.com/the-best-0-balance-transfer-credit-cards?ref=seealso">The Best 0% Balance Transfer Cards</a>)</p> <h2>How to Find the Lowest Interest Rates</h2> <p>Every bank is legally required to clearly disclose each card's Annual Percentage Rate, or APR. This is the rate you will see in the black and white box when you click on the &quot;terms and conditions&quot; link.&nbsp;While you might think these disclosures make choosing the lowest APR an easy task, it is not that simple.&nbsp;Most banks will disclose a range of possible rates, with each applicant being offered a particular APR according to his or her credit rating. Therefore, the lowest rates available will be granted only to those applicants with the highest credit scores, with all other cardholders receiving higher rates.</p> <p>Another important aspect of a credit card interest rate is that nearly all of them will have a variable rate. The good news is that the CARD Act of 2009 prevents banks from arbitrarily raising their rates on cardholders in good standing. What you will find is that nearly every card on the market will offer a variable APR that is based on the Prime Rate. This rate, determined in part by the Federal Government, has stood at a record low of 3.25% since December of 2008. Nevertheless, the variable interest rates quoted by the credit card issuers will rise when the Prime Rate does. For example, if the Prime were to rise to 8.25%, as it did in June of 2006, cardholders would see their interest rate rise by 5% from the current rates.</p> <p>Finally, the best interest rates offered for a particular card can vary based on the link you use to apply for it. I have even seen different rates for the same card depending on which browser I used!</p> <h2>The Five Lowest APR Cards on the Market</h2> <p>These cards currently have the lowest interest rates.</p> <h3>BankAmericard&reg; Credit Card</h3> <p><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u784/bankamericard-0523.jpg" class="img-exempt" style="float:right;margin:0 5px 5px 10px;" alt="BankAmericard Credit Card" width="154" height="98" /><a href="http://ct.wisebread.com/click.php?pg=41&amp;pid=16&amp;pp=1&amp;uv=xcard" target="_blank" style="border:none;float:right;clear:right;margin: 0 5px 5px 10px;"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/apply-now.png" class="img-exempt img-button" alt="" /></a>The <a href="http://ct.wisebread.com/click.php?pg=41&amp;pid=16&amp;pp=1&amp;uv=xname" target="_blank">BankAmericard&reg; credit card</a> offers a competitive 11.74%-21.74% variable APR on purchases and balance transfers, with a 0% intro APR for 18 billing cycles on balance transfers made in the first 60 days. This no-frills card does not offer any rewards, but it can be a worthwhile tradeoff for people who want a low-interest card in case they have to carry a balance from time to time. <strong>There is no annual fee.</strong></p> <p><a href="http://ct.wisebread.com/click.php?pg=41&amp;pid=16&amp;pp=1&amp;uv=xend" target="_blank"><strong>Click here to learn more and apply for the BankAmericard&reg; Credit Card today!</strong></a></p> <h3>Chase Slate&reg;</h3> <p><img alt="" src="http://www.imgsynergy.com/191x120/chase-slate-060216.png" style="float:right;margin:0 5px 5px 10px;" class="img-exempt" width="154" border="0" /><a style="border:none;float:right;clear:right;margin: 0 5px 5px 10px;" href="http://ct.wisebread.com/click.php?pg=41&amp;pid=39&amp;pp=2&amp;uv= xcardbutton" title="Chase Slate&reg;" alt="Chase Slate&reg;" rel="nofollow" target="_blank"><img alt="" class="img-exempt img-button" src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/apply-now.png" /></a>With the <a href="http://ct.wisebread.com/click.php?pg=41&amp;pid=39&amp;pp=2&amp;uv=xname" rel="nofollow" target="_blank">Chase Slate&reg;</a>, you'll enjoy 0% intro APR for 15 months on both purchases and balance transfers, and the intro balance transfer fee is $0 when you transfer a balance during the first 60 days of account opening. After the introductory periods end, a variable APR of 15.74%-24.49% applies on balance transfers and purchases, and there will be a fee of either $5 or 5% of the amount of each transfer, whichever is greater. There is no penalty APR &mdash; paying late won't raise your interest rate. <strong>There is no annual fee, either.</strong></p> <p><strong><a href="http://ct.wisebread.com/click.php?pg=41&amp;pid=39&amp;pp=2&amp;uv=xend" rel="nofollow" target="_blank">Click here to learn more and apply for the Chase Slate&reg; today!</a></strong></p> <h3>Capital One&reg; VentureOne&reg; Rewards Credit Card</h3> <p><img alt="Capital One&reg; VentureOne&reg; Rewards Credit Card" style="float:right;margin:0 5px 5px 10px;" class="img-exempt" src="http://imgsynergy.com/product_creatives/8d827e50e648247b0a6906327928357a.png" width="154" height="98" /><a target="_blank" style="border:none;float:right;clear:right;margin: 0 5px 5px 10px;" href="http://ct.wisebread.com/click.php?pg=41&amp;pid=33&amp;pp=3&amp;uv=xcardbutton"><img alt="" class="img-exempt img-button" src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/apply-now.png" /></a>The <a target="_blank" href="http://ct.wisebread.com/click.php?pg=41&amp;pid=33&amp;pp=3&amp;uv=xname">Capital One&reg; VentureOne&reg; Rewards Credit Card</a> offers a 0% intro APR on purchases for 12 months; after that, a variable APR of 12.74%-22.74% applies. Besides a great intro purchase rate, you'll also get unlimited 1.25 miles for every dollar you spend on purchases, which you redeem for travel purchases, statement credit, gift cards, and more. And if you spend $1,000 on purchases within 3 months of approval, you'll earn a one-time 20,000 miles bonus &mdash; that's equal to $200 in travel. <strong>There is no annual fee.</strong></p> <p><a target="_blank" href="http://ct.wisebread.com/click.php?pg=41&amp;pid=33&amp;pp=3&amp;uv=xend"><strong>Click here to learn more and apply for the Capital One&reg; VentureOne&reg; Rewards Credit Card today!</strong></a></p> <h3>Citi Simplicity&reg; Card - No Late Fees Ever</h3> <p><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u784/CitiSimplicityCard-3.29.17.jpg" class="img-exempt" style="float:right;margin:0 5px 5px 10px;" alt="" width="154" border="0" /><a style="border:none;float:right;clear:right;margin: 0 5px 5px 10px;" href="http://ct.wisebread.com/click.php?pg=41&amp;pid=54&amp;pp=4&amp;uv=xcardbutton" target="_blank" rel="nofollow" alt="Citi Simplicity&reg; Credit Card" title="Citi Simplicity&reg; Credit Card"><img alt="" class="img-exempt img-button" src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/apply-now.png" /></a>The <a href="http://ct.wisebread.com/click.php?pg=41&amp;pid=54&amp;pp=4&amp;uv=xname" target="_blank" rel="nofollow">Citi Simplicity&reg; Card - No Late Fees Ever</a> offers 0% intro APR on purchases and balances for a whopping 21 months! After the intro period, the variable APR will be 14.24%-24.24%. While there is a balance transfer fee of $5 or 3% of the amount of each transfer (whichever is greater), there are no late fees, no penalty APR, and <strong>no annual fee</strong>. It doesn't get simpler than that.</p> <p><strong><a href="http://ct.wisebread.com/click.php?pg=41&amp;pid=54&amp;pp=4&amp;uv=xend" target="_blank" rel="nofollow">Click here to learn more and apply for the Citi Simplicity&reg; Card - No Late Fees Ever today!</a></strong></p> <h3>Capital One&reg; Quicksilver&reg; Cash Rewards Credit Card</h3> <p><img style="float:right;margin:0 5px 5px 10px;" class="img-exempt" src="http://imgsynergy.com/product_creatives/04dd974af0d2b6d56328b1784af4e507.png" alt="" align="right" width="154" border="0" height="98" /><a style="border:none;float:right;clear:right;margin: 0 5px 5px 10px;" target="_blank" rel="nofollow" href="http://ct.wisebread.com/click.php?pg=41&amp;pid=27&amp;pp=5&amp;uv=xcardbutton"><img alt="" class="img-exempt img-button" src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/apply-now.png" /></a>The <a rel="nofollow" target="blank" href="http://ct.wisebread.com/click.php?pg=41&amp;pid=27&amp;pp=5&amp;uv=xname">Capital One&reg; Quicksilver&reg; Cash Rewards Credit Card</a> has 0% intro APR on purchases and balance transfers for 9 months (a 3% fee applies to each balance transferred). After the intro period ends, a variable APR of 13.74%-23.74% kicks in. Besides low interest rates, this card also offers simple rewards: earn unlimited 1.5% cash back on every purchase, every day. Plus, get a one-time $100 cash bonus after you spend $500 on purchases within 3 months of approval.</p> <p><strong><a rel="nofollow" target="blank" href="http://ct.wisebread.com/click.php?pg=41&amp;pid=27&amp;pp=5&amp;uv=xend">Click here to learn more and apply for the Capital One&reg; Quicksilver&reg; Cash Rewards Credit Card today!</a></strong></p> <h3>BankAmericard Cash Rewards&trade; Credit Card</h3> <p><img alt="" style="float: right; margin: 0px 5px 5px 10px;" class="img-exempt" src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/BoA_Cash_Rewards-154.jpg" width="154" border="0" /><a style="border:none;float:right;clear:right;margin: 0 5px 5px 10px;" target="_blank" rel="nofollow" href="http://ct.wisebread.com/click.php?pg=41&amp;pid=17&amp;pp=6&amp;uv=xcardbutton"><img alt="" class="img-exempt img-button" src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/apply-now.png" /></a>The <a rel="nofollow" target="_blank" href="http://ct.wisebread.com/click.php?pg=41&amp;pid=17&amp;pp=6&amp;uv=xname">BankAmericard Cash Rewards&trade; credit card</a> has an intro offer of 0% APR on purchases and qualifying balance transfers for 12 billing cycles, then a variable APR of 13.74% - 23.74% applies. You earn 3% cash back for gas, and you earn 2% at grocery stores and wholesale clubs (for the first $2,500 in combined grocery/wholesale club/gas purchases each quarter). <strong>There is no annual fee.</strong></p> <p><a target="_blank" rel="nofollow" href="http://ct.wisebread.com/click.php?pg=41&amp;pid=17&amp;pp=6&amp;uv=xend"><strong>Click here to learn more and apply for the BankAmericard Cash Rewards&trade; Credit Card today!</strong></a></p> <p>Although the best way to use a credit card is to avoid paying interest, most Americans are unable live up to this ideal. If you do have to carry a balance, your primary goal should be finding a card with the lowest interest rate. Doing so will help you to minimize the amount of interest that you owe, making it easier to pay off your credit card debt as soon as possible.</p> <p><a href="http://www.wisebread.com/topic/personal-finance/credit-cards"><strong>Back to Credit Card Offers</strong></a></p> <h2 style="text-align: center;">Like this article? Pin it!</h2> <div align="center"> <script async defer src="//assets.pinterest.com/js/pinit.js"></script></div> <p style="text-align: center;"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5180/The%20Best%20Low%20Interest%20Rate%20Credit%20Cards.jpg" alt="The Best Low Interest Rate Credit Cards" width="250" height="374" /></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/jason-steele">Jason Steele</a> of <a href="http://www.wisebread.com/the-best-low-interest-rate-credit-cards">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-2"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-best-0-balance-transfer-credit-cards">The Best 0% Balance Transfer Credit Cards</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/i-dont-love-capital-one-how-to-get-a-lower-apr-or-possibly-not">How to Get a Lower APR, or Possibly Not</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-best-credit-cards-with-no-balance-transfer-fees">The Best Credit Cards with No Balance Transfer Fees</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-5-best-credit-cards-that-offer-free-credit-scores">The 5 Best Credit Cards That Offer Free Credit Scores</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/consumer-reports-picks-top-3-credit-cards-for-your-needs">Consumer Reports Picks Top 3 Credit Cards for Your Needs</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Credit Cards Debt Management best credit cards credit card balance transfers credit card interest rates lower interest rate Fri, 23 Dec 2011 11:36:15 +0000 Jason Steele 828360 at http://www.wisebread.com Balance Transfer Dating Guide http://www.wisebread.com/balance-transfer-dating-guide <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/balance-transfer-dating-guide" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/4506598157_70d753d068_z.jpg" alt="couple on a date" title="couple on a date" class="imagecache imagecache-250w" width="250" height="167" /></a> </div> </div> </div> <p>What can the dating world teach us about credit card balance transfers? Think about the worst break-up you&rsquo;ve ever gone through, and how you felt afterward. You probably didn't want to see your ex, hear from them, or ever think about them again, right?</p> <p>If you wanted a chance to wipe the slate clean and move on, that&rsquo;s how many people feel about <a href="http://moneysmartlife.com/balance-transfer-credit-cards/">credit card balance transfers</a> and the debt that goes along with them. They&rsquo;re looking for a chance to escape the stress and turmoil they&rsquo;re going through, even if it&rsquo;s only temporary.</p> <p>Unfortunately credit card debt, like an old flame, can hang around for a while unless you take steps to rid your life of it. Here are a few things I learned in the dating world (before marrying my lovely wife, of course) that might help you get the most out of a balance transfer. (See also: <a href="http://www.wisebread.com/why-do-a-credit-card-balance-transfer-and-how" title="Why Do a Credit Card Balance Transfer, and How?">Why Do a Credit Card Balance Transfer, and How?</a>)</p> <h3>1. Cut Your Ex Out of Your Life</h3> <p>What's one of the first things you do when you break off a relationship? Cut your ex out of your life, right? You might unfriend her on Facebook, take her number out of your phone, and cut her face out of any pictures you had together.</p> <p>Well, you want to do the same with the old credit card you transferred your balance from. Cut it up. Closing the card can have implications for your <a href="http://moneysmartlife.com/improve-your-credit-score-in-5-simple-steps/">credit score</a>, so research that first, but definitely chop up the card so you won't use it again.</p> <h3>2. Break Old Habits</h3> <p>Often when you end a relationship it's good to switch up your daily routine so you're not reminded of your ex. Even if it was a bad break up, you may get teary eyed when you hear a song, eat at a certain restaurant, or go to a store you frequently visited together. When you break up, you need to move on and avoid the things you used to do together.</p> <p>Breaking old habits is probably the most important thing you can do after you transfer a credit card balance. You've bought yourself 6 to 18 months of relief to <a href="http://www.wisebread.com/a-comprehensive-guide-to-the-debt-snowball-method-0" title="A Comprehensive Guide to the Debt Snowball Method">pay off your debt</a>; you certainly don&rsquo;t want to add any more. Leave the old, debt-creating habits behind.</p> <h3>3. Beware the Rebound Relationship</h3> <p>Rebound relationships can be a problem because sometimes you&rsquo;re not really ready for another relationship; you still need time to deal with the baggage from the last one. Unfortunately, the nature of balance transfers means you're already in a rebound relationship. You just left one credit card for another.</p> <p>Whatever you do, don't let it get serious. Call it what it is: a fling. You're using the card for its low interest rate; you're not looking to get involved with a new balance. Don't spend any more money on your card while you still have a balance to pay.</p> <h3>4. Learn from Your Ex</h3> <p>The more painful your relationship with your old credit card was, the longer you'll likely stay out of the credit card market. It may be that you'll remain celibate forever. However, if the allure of zero percent interest or earning cash back on your purchases puts you back on the market, then you'll want to avoid making the same mistakes again when choosing a credit card.</p> <p>We&rsquo;ve all known people who, for some reason, can&rsquo;t seem to stay away from the &quot;bad boy&quot; or &ldquo;bad girl&rdquo; in their relationships. Well, high interest rates and hidden fees will break your heart every time, so there&rsquo;s no reason to fall for the same bad card twice.</p> <p>Make sure you get to know everything about a new card before filling out an application. Are there any <a href="http://www.wisebread.com/credit-card-fees-hidden-and-otherwise">hidden fees</a> that you didn't see on the first date that could pop up once you get your first bill?</p> <h3>5. Don&rsquo;t Ruin Your Reputation</h3> <p>No one wants to be known as the one who &ldquo;gets around&rdquo; when it comes to dating. Turns out the same is true with your credit score. No bank wants to lend money to someone with a history of card churn, especially if you&rsquo;re carrying a lot of baggage (i.e. debt) around with you. As you move from one balance transfer card to the next, your credit history reflects the moves, so go easy on the card hopping.</p> <p><em>Are there any other balance transfer tips that I missed?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/ben-edwards">Ben Edwards</a> of <a href="http://www.wisebread.com/balance-transfer-dating-guide">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-best-low-interest-rate-credit-cards">The Best Low Interest Rate Credit Cards</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-best-prepaid-debit-cards">5 Best Prepaid Debit Cards</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/travel-and-money-using-prepaid-travel-cards">Travel and Money: Using Prepaid Travel Cards</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/is-bank-of-america-s-5-monthly-debit-card-fee-just-the-beginning">Is Bank of America’s $5 Monthly Debit Card Fee Just the Beginning?</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-times-personal-loans-may-be-better-than-credit-cards">5 Times Personal Loans May Be Better Than Credit Cards</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Banking Credit Cards credit card balance transfers Wed, 08 Dec 2010 14:00:07 +0000 Ben Edwards 351170 at http://www.wisebread.com