Money Blue Book

Updated List Of Preferred 0% Balance Transfer Card Offers Below

If you are searching for how to make money or pay down high interest debt with the top balance transfer offers, you’ve come to the right place. The short list of credit cards I’ve listed here are all currently running 0% APR offers for 12 months. They represent the best of breed recommendations for this special card category.

• If you are looking for credit cards that offer both 0% interest for purchases and balance transfers, please take a look at this list of 0% APR credit cards.
• If you are interested only in cards that have no balance transfer fees, please take a look at this select list of no fee balance transfer cards.

Reasons Why People Apply For Balance Transfer Offers

Everyone has their own goals and objectives when it comes to using balance transfer credit cards. For some it’s finding ways to reduce their high interest debt, but for me, it’s always been my ongoing goal to maximize my full financial potential by leveraging all of my assets, including my good credit score. Currently, I make money with balance transfer offers by applying for select credit cards that charge no interest for introductory balance transfers. After researching and choosing the best deals from a complete list of all 0% balance transfer offers, I take the transferred credit balances and deposit them into high interest bank savings accounts to earn free money. Some card issuers like Citibank make the balance transfer process extra easy by allowing you to simply request a balance transfer check payable to you for the full credit limit.

However, card issuers seem to be slowly phasing out lucrative no balance transfer fee offers. Such select zero balance transfer fee opportunities will not be around forever so I’d recommend locking them up before they disappear in the near future. Remember to always read card terms carefully. Also, while a handful of the choices below are noted as business credit cards, you don’t have to actually own your own small business to apply for the business card offers. You can properly enter your own personal name and Social Security Number as your business when prompted by the credit card application.

Here Is My Personal List Of the Best 0% Balance Transfer Credit Card Offers

The choices were made after reviewing and balancing all terms and considerations such as length of 0% APR offer duration, whether any balance transfer fee applies, whether the 0% interest rate applies to purchases as well, and whether there are any additional rewards for purchases:

1. Advanta Platinum Business Card Rewards - 0% balance transfer period of 15 months. There is a 3% fee capped at $90. However, this card offers the longest 0% deal currently out there, exceeding a year. While there is a balance transfer fee, the $90 maximum makes up for it if you are transferring a large amount. The interest free savings pays off in the span of a year.
2. Advanta Platinum Customized Business Rewards - 0% balance transfer period of 15 months. There is a 3% fee but it’s capped at $90. The one time balance transfer fee is pretty insignificant and worth paying if you intend to carry the 0% APR balance transfer for the entire 15 month period. In addition, this is a nice cash back card for online marketers after the balance transfer period expires.
3. Chase Business Rebate Card - 0% APR interest offer on balance transfers for 15 months. There is a 3% fee but it is limited to a maximum of $99 (the balance transfer fee is worth it due to the extra long balance transfer period). There is also a 0% APR offer for all purchases made during the first 12 months. You can also earn 3% cash back rewards at restaurants, gas stations, office supply stores, and home improvement stores.
4. Chase Free Cash Rewards Visa - 0% APR interest offers for both purchases and balance transfers (both up to 12 months). No annual fee. Earn 1% rewards on all purchases. Earn an instant $25 bonus after your first purchase.
5. Chase Flexible Rewards Platinum Visa - 0% APR interest offers for both purchases and balance transfers (both up to 12 months). No annual fee. Earn 1% rewards on all purchases.
6. Citi Platinum Select Card - 0% APR interest offers for both purchases and balance transfers (both for up to 12 months). Balance transfer fee is 3%.
7. Discover More Card - 0% balance transfer offer for 12 months, and 0% APR interest offer on purchases for 6 months. There is a $75 cap on the 3% balance transfer fee. You can also earn 5% cash back bonus rewards on quarterly changing purchase categories like travel, home, apparel, gas restaurants, movies, and more. There is no annual fee.
8. Discover More Clear Card - 0% balance transfer offer for 12 months, and 0% APR interest offer on purchases for 6 months. There is a $75 cap on the 3% balance transfer fee. You can also earn 5% cash back bonus rewards on a wide array of special purchase categories, like the regular Discover More card. You can also earn 5%-20% cashback when shopping through Discover’s online shopping site. There is also no annual fee.
9. Washington Mutual ESPN Card - 0% APR offer for both purchases and balance transfers (both are for 6 months). There is no balance transfer fee. Best feature: You get your updated online FICO credit score each month for free. Also, earn 5 points per $1 spent on purchases from ESPN and 1 point per $1 spent everywhere else.

This entry was posted on Friday, April 4th, 2008 at 7:05 pm and is filed under Credit Cards, Deals and Offers, Financial Planning, Frugal Living, Make Money. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.