A credit cards worth to the consumer can be decided by the rate of interest it offers. However, there are other features that the credit card shopper looks out for while shopping for a card. One such thing is what is known as a balance transfer credit card. These are cards that are designed to consolidate the credit card holders credit card debt onto just one single card. This enables the holder to save money on interest charges. A common feature with such cards nowadays is that they now charge a low introductory APR rate of interest on balance transfers on credit cards.
A good example is Discover Open Road Card. This card allows you a special introductory rate of 0% on not only your purchases, but also on your balance transfers for up to 6 months. Afterwards, you pay a low regular APR rate of 10.99%. Miles by Discover Card offers you the same rates at no annual fee among other interesting offers like flexible redemption options on travel, cards and cash.
Another low interest credit card is the Citi Platinum Select MasterCard. This card offers you a 0% introductory APR rate for the first 12 months on all purchases and balance transfers. Their regular APR rate is 10.99%.the Discover More Card also offers you an introductory APR of 0% for 6 months on purchases and 6 to 9 months on balance transfers. Their regular APR rate is 10.99%
Capital One No Hassle Miles Ultra – For Professionals card offers you 0% introductory rate until May 2010 and a regular APR of 13.90%. However, they also charge you an annual fee of $39.00. The Miles by Discover Card will offer you a rate of 0% on purchases and balance transfers for 6 months. Thereafter they charge you an APR rate of 10.99%. The Simmons First Visa Platinum has no introductory APR but offers you a regular APR rate of 7.25%. All these credit cards allow balance transfers and each one of them offers attractive packages depending on the purchases you make. It is thus up to you to choose the one that suit your needs.
However while you choose them be careful to find out the needs and specifications of the cards. Choose something that really benefits you with its plans and policies and also help in hassle free balance transfer of money. Those with 0% APR are really good for you.
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