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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 of 2008. Prior to the credit crunch, it was possible to get a 2.99% fixed APR for life from Advanta or a 3.99% APR for life from American Express. These offers are no longer available, and Advanta is actually bankrupt.
Today, credit card companies are unwilling to offer fixed rates for life to Americans (although these offers are still available to Canadian and UK 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 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, 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. At the end of the 0% period, you can seek out another card for balance transfers or possibly find a fixed APR for life credit card.
Long 0% APR Credit Card Offers
CITI® PLATINUM SELECT® MASTERCARD® |
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- 0% Intro APR on balance transfers for 18 months and 0% Intro APR on purchases for 12 months. After that, the APR will be 11.99%-19.99% based upon your creditworthiness. This APR will vary with the market based on the Prime Rate*
- Extra Cash from Citi: enjoy discounts on gift cards,travel, merchandise and more
- Citi® Identity Theft Solutions
- Secure, free online account management
- No annual fee
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Intro APR on Purchases
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Intro APR on Transfers
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Regular APR
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Annual Fee
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Credit Needed
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0% for 12 Months*
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0% for 18 Months*
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11.99-19.99% Variable*
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None
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Good
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CITI® DIAMOND PREFERRED® CARD |
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- 0% Intro APR on Purchases and Balance Transfers for 12 months. After that, the APR will be 14.99%. This APR will vary with the market based on the Prime Rate.
- Concierge service that caters to your needs 24/7
- Citi® Identity Theft Solutions
- Secure, free online account management
- No annual fee
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Intro APR on Purchases
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Intro APR on Transfers
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Regular APR
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Annual Fee
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Credit Needed
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0% for 12 Months*
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0% for 12 Months*
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14.99% Variable*
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None
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Good
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DISCOVER® MORE CARD |
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- 0% intro APR on balance transfers for a full 15 months, then the Regular APR
- 0% intro APR on purchases for a full 6 months, then the Regular APR
- 5% Cashback Bonus® in categories that change like travel, gas, groceries, restaurants, home improvement stores and more
- Up to 1% unlimited Cashback Bonus on all other purchases
- No Annual Fee
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Intro APR on Purchases
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Intro APR on Transfers
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Regular APR
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Annual Fee
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Credit Needed
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0% for 6 Months*
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0% for 15 Months*
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11.99% - 20.99% (Variable)*
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None
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Excellent
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Compare all 0% Balance Transfer Credit Cards
Read more related articles: Balance Transfers |
