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U R @: Education Center : Balance Transfers : Fixed APR Balance Transfer Credit Cards
FIXED APR BALANCE TRANSFER CREDIT CARDS
As a direct result of the credit crunch, major credit card issuers stopped offering fixed APR for life balance transfer offers to consumers in September. Prior to September, it was possible to get a 2.99% fixed APR for life from Advanta or a 3.99% APR for life from American Express.
Today, credit card companies are unwilling to offer fixed rates for life to Americans (although these offers are still available to Canadian residents). Consequently, consumers looking to save money on interest and lock in lower rates are left with two options: wait for the economy to improve or get a credit card that offers a 0% APR for 1 year and a low interest rate, then refinance again when the 0% period expires or fixed APR credit cards return to the market. Of these two options, the best option available is to take advantage of 0% rates now, while they are still available, as it may be years before fixed rate credit cards return to the market.
Below are the most popular 0% credit cards with consumers who visit Smart Credit Choices. With either of these cards, you can get a 0% APR for up to 1 year. At the end of that period, you can seek out another card for balance transfers or possibly find a fixed APR for life credit card.
DISCOVER® MORE(SM) CARD |
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Intro on Purchases
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Intro APR Period
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Regular APR
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Annual Fee
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Transfers |
Credit Needed
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0%* *
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6 Months* *
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11.99% - 18.99%* *
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None *
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Yes
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Good
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CITI® PLATINUM SELECT® MASTERCARD® |
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- Offers a 0% APR on purchases and balance transfers for 6 months
- Extra Cash from Citi: enjoy significant discounts on gift cards, travel, merchandise and more
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Intro on Purchases
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Intro APR Period
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Regular APR
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Annual Fee
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Transfers |
Credit Needed
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0% *
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6 Months *
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As low as 11.99%(V) *
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None *
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Yes
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Excellent
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Compare all 0% Balance Transfer Credit Cards
Read more related articles: Balance Transfers | 
