Best balance transfer credit cards of 2018 gas monkey live

Low interest details: Take advantage of an introductory 9.95% APR on balance transfers for the first six months as a card member. After the intro period, the APR goes to 17.99% Fixed. Note that UNITY® Visa Secured Credit Card – The Comeback Card™ is a secured card. That means you’ll need to make a $250 security deposit in order to establish your line of credit.

– Fixed interest rates or discounted APR ranges. Although fixed APRs are almost impossible to find on general purpose credit cards these days, a few credit unions and regional banks promise to lock an interest rate for the life of your balance transfer. Most other lenders offer no-frills cards that trade bonus features and perks for variable APRs a few percentage points lower than the market average.

– Introductory or lowered balance transfer fees. While many banks charge processing fees that often range between 3 and 5 percent, certain offers can reduce or eliminate those fees, also cutting down the finance charges you’d pay over the life of your balance.

While it may be difficult to qualify for a balance transfer credit card that features a $0 transfer fee, depending upon how high your current balance is, it might be worth paying a transfer fee to get a zero or low introductory APR for a long period of time.

For example, if your current APR is 17 percent, you pay more than $1,800 in interest on a $10,000 balance over the course of one year. It may be worth paying between $100 and $300 as a balance transfer fee if you can be disciplined and apply as much as possible to reducing your $10,000 balance during a 15-month or longer zero-interest period.

Before you make any of those decisions though, you need to be sure you understand the ins and outs of balance transfer credit cards and the deals they offer. For a full description (which we recommend you peruse before applying), check out our Balance Transfer Credit Cards 101 page. If you want just the basics, read below.

In addition to interest, balance transfer credit cards often include balance transfer fees. These fees are generally a percentage of the balance being transferred and commonly range from 3-5 percent of the amount transferred, although there are some zero-fee balance transfer cards available for people with excellent credit.

CardRatings.com has developed several calculators so you can see what your monthly payment would be if you want to pay off your existing credit card debt within a specified time frame or how much you could save in interest by taking advantage of a balance transfer credit card offer.

Enter your existing credit card balance (the amount you want to pay off in full), you current interest rate, the interest rate on the card to which you want to transfer the balance and then take a look at how much you could save. There are a number of variables you can play with available within the calculators, so take some time to crunch the numbers and determine the best debt-payoff option for you.

Card issuers provide options for completing balance transfers. In some cases, you may be able to complete a transfer over the phone or online, following your bank’s instructions. In many cases you can start the process of a balance transfer as soon as you are approved for the card online and before you even receive your physical card in the mail. Alternatively, your balance transfer credit card may also come with "checks" that you can use to pay off your existing credit card debt.

When credit card debt has built up, it can be difficult to dig out from under it, but it is definitely possible. In this section, we have prepared advice on how to successfully manage paying down debt by taking advantage of a balance transfer credit card.

Depending upon your credit score and the balance you are currently carrying, eliminating your existing credit card debt may vary in difficulty from "That barely stung!" to "That really hurt!" No matter where you begin, you should be able to achieve your objective with hard work and perseverance.

– Missing a payment. Do not add to your credit difficulties by missing a payment, as you may become ineligible to continue your low introductory APR and your credit rating may suffer, making it increasingly difficult to obtain reasonable credit terms.

Choosing the best credit card to suit your lifestyle and spending habits can equate to significant savings and benefits. On the other hand, select the wrong card and you just might find yourself with skimpy rewards, high rates and fees or – possibly the saddest of all – points that go unused. Once you’ve decided which type of card is right for you, it’s time to start comparing the top card offers.

Our editorial team consistently reviews the latest credit card deals from across the country. We highlight a handful of offers from each category that we think provide the best value for your money. The best credit cards of 2018 are sorted into a number of categories to help you find the right card to suit a specific need. Unlike many credit card-comparison sites, we evaluate both advertiser and non-advertiser cards, including regional banks and credit unions. Only our editor’s favorite cards make the cut – no exceptions. ↑

General Disclaimer: *See the online credit card applications for details about terms and conditions of credit card offers. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. When you click on the "Apply Now" button you can review the credit card terms and conditions on the credit card issuer’s web site. Offers are subject to change without notice and the terms displayed may not be available to all consumers.

Advertiser Disclosure: Many of the credit card offers that appear on this site are from credit card companies from which CardRatings.com receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. It is this compensation that enables CardRatings.com to provide you services like access to free tools and information for consumers. CardRatings.com does not review or include all credit card companies or all available credit card offers. Because credit card offers change frequently, please visit the card issuer site for current information.