Best Low Rate Balance Transfer Credit Cards

Hello Arkana Friends! Let’s Talk About The Best Low Rate Balance Transfer Credit Cards

What Are Balance Transfer Credit Cards?

Balance transfer credit cards are credit cards that allow you to transfer your existing credit card balance to a new credit card with a lower interest rate. The goal is to save you money on interest charges and help you pay off your debt faster.

The Benefits Of Low Rate Balance Transfer Credit Cards

Low rate balance transfer credit cards have many benefits, including saving you money on interest charges, helping you pay off your debt faster, and improving your credit score.

How To Choose A Low Rate Balance Transfer Credit Card

When choosing a low rate balance transfer credit card, there are many factors to consider, including the interest rate, the balance transfer fee, the length of the introductory period, and the rewards program.

The Best Low Rate Balance Transfer Credit Cards

Here are the best low rate balance transfer credit cards for 2021:

1. Chase Slate

The Chase Slate card offers a 0% APR on balance transfers for 15 months and no balance transfer fee for transfers made within the first 60 days. After the introductory period, the APR increases to a variable rate between 14.99% – 23.74%.

2. Citi Simplicity

The Citi Simplicity card offers a 0% APR on balance transfers for 18 months and no late fees or penalty APR. However, the balance transfer fee is 5% or $5, whichever is greater. After the introductory period, the APR increases to a variable rate between 14.74% – 24.74%.

3. Discover it Balance Transfer

The Discover it Balance Transfer card offers a 0% APR on balance transfers for 18 months and no balance transfer fee. Additionally, the card offers cashback rewards on purchases, with 5% cashback in rotating categories and 1% cashback on all other purchases. After the introductory period, the APR increases to a variable rate between 11.99% – 22.99%.

4. Bank of America Customized Cash Rewards

The Bank of America Customized Cash Rewards card offers a 0% APR on balance transfers for 15 months, with a 3% balance transfer fee. Additionally, the card offers cashback rewards on purchases, with 3% cashback on a category of your choice, 2% cashback on groceries and wholesale clubs, and 1% cashback on all other purchases. After the introductory period, the APR increases to a variable rate between 13.99% – 23.99%.

5. Wells Fargo Platinum Card

The Wells Fargo Platinum card offers a 0% APR on balance transfers for 18 months and a balance transfer fee of 3%. After the introductory period, the APR increases to a variable rate between 16.49% – 24.49%.

Conclusion

Choosing a low rate balance transfer credit card can save you money and help you pay off your debt faster. Be sure to compare the interest rate, balance transfer fee, length of the introductory period, and rewards program before choosing a card. The best low rate balance transfer credit cards for 2021 include Chase Slate, Citi Simplicity, Discover it Balance Transfer, Bank of America Customized Cash Rewards, and Wells Fargo Platinum Card.

Thank You For Reading, Until Next Time Arkana Friends!