Balance Transfer Rewards Programs

A growing number of credit card holders are taking advantage of the many balance transfer credit card offers available as a way of getting interest-free or low interest funds. Transferring an outstanding balance to a credit card that offers an introductory 0% APR can be an effective way for cardholders to manage their debt. Balance transfer offers are a method used by companies to encourage new business from cardholders. An attentive cardholder can keep track of these offers and transfer balances without incurring high interest charges. These credit cards listed below have an introductory 0% interest rate on balance transfers ranging from three to 18 months.

There may be a fee to transfer the balance even if no interest is charged and cardholders should be aware that when the introductory offer terminates, interest rates will apply, often without warning. Cardholders should be aware of regular charges, including annual fees and also be aware that if interest rates are applied after an introductory period they may be above average. It is also worth noting that applying for a lot of credit cards frequently may be viewed as a credit risk.