No late fee on first late payment. Divide your credit card interest rate by Here is a summary of our top picks in an easy to read table! This may take up to 14 days. MagnifyMoney is an advertising-supported comparison service which receives compensation from some of the financial providers whose offers appear on our site.
Here are our recommended low-interest and 0% credit cards
A lot of new companies are offering great rates on loans you can pay off over 2, 3, 4, or 5 years. You can find the best personal loans here. Use our calculator to see how your payments and savings will compare. It depends, some credit card companies may allow you to transfer debt from any credit card, regardless of who owns it. Though, they may require you to first add that person as an authorized user to transfer the debt. Just remember that once the debt is transferred, it becomes your legal liability.
Most banks will enable store card debt to be transferred. Just make sure the store card is not issued by the same bank as the balance transfer credit card. Here is a simple test. Divide your credit card interest rate by You can use that simplified math to get a good guide on whether or not you will be saving money. And if you want the math done for you, use our tool to calculate how much each balance transfer will save you. With all balance transfers recommended at MagnifyMoney, you would not be hit with a big, retroactive interest charge.
You would be charged the purchase interest rate on the remaining balance on a go-forward basis. But all balance transfers recommended by MagnifyMoney do. Many companies offer very good deals in the first year to win new customers.
Or your cable company could offer a big discount on the first year if you buy the bundle package. Credit card companies are no different. These companies want your debt, and are willing to give you a big discount in the first year to get you to transfer. But, if you neglect making payments and end up with a balance post-intro period, you can easily fall into a trap of high debt — similar to the one you left when you transferred the balance.
Balance transfers can be easily completed online or over the phone. After logging in to your account, you can navigate to your balance transfer and submit the request.
If you rather speak to a representative, simply call the number on the back of your card. For both options, you will need to have the account number of the card with the debt and the amount you wish to transfer ready.
You will be charged a late fee by missing a payment and may put your introductory interest rate in jeopardy. Many issuers state in the terms and conditions that defaulting on your account may cause you to lose out on the promotional APR associated with the balance transfer offer.
To avoid this, set up autopay for at least the minimum amount due. Balances can only be transferred between cards from different banks. Many credit card issuers will allow you to transfer money to your checking account. Or, they will offer you checks that you can write to yourself or a third party.
Check online, because many credit card issuers will let you transfer money directly to your bank account from your credit card. In most cases, you cannot. However, if you transfer a balance when you open a card, you may be able to. Some issuers state in their terms and conditions that balance transfers on new accounts will be processed at a slower rate compared with those of old accounts.
You may be able to cancel your transfer during this time. Yes, it is possible to transfer the same debt multiple times. Just remember, if there is a balance transfer fee, you could be charged that fee every time you transfer the debt. You can call the bank and ask them to increase your credit limit.
However, even if the bank does not increase your limit, you should still take advantage of the savings available with the limit you are given.
Transferring a portion of your debt is more beneficial than transferring none. Yes, you decide how much you want to transfer to each credit card. No, there is no penalty. You can pay off your debt whenever you want without a penalty. You literally pay nothing to transfer your balance and can save hundreds of dollars in interest had you left your balance on a high APR card.
Check out our list of the best no-fee balance transfer cards here. However, those cards tend to have shorter intro periods of 15 months or less, so you may need more time to pay off your balance. At least two months before your existing intro period ends, start looking for a new balance transfer offer from a different issuer. This can provide you with the additional time needed to pay off your balance.
Depending on your credit score, you may qualify for some of the cards we list below. Lenders consider numerous factors when determining eligibility.
Here are our picks for balance transfer cards if you have excellent credit. With good credit you can still qualify for decent balance transfer cards. Listed below are the offers for best credit cards for people with good credit. There is the chance you may qualify for offers that are just OK, providing less time to pay off your balance. They are a good alternative to a credit card, and may represent a better option if you have fair credit.
With a single online form, you can see results from dozens of lenders and shop around for the best deal. By using LendingTree to look for a personal loan, a soft credit pull is performed, which means your credit score will not be negatively impacted.
Here are options for fair credit:. Your best option is to work on improving your credit through such things as secured cards. With proper credit behavior, you can be on your way to a fair or good credit score and more options. Just remember to be patient. Once your credit improves, check out the balance transfer cards above. The amount of time your have to complete your transfer will vary by credit card.
Many cards require you to complete your transfer between 30 to 60 days from account opening, but check your specific card agreement for specifics. Many cards charge a balance transfer fee ranging from 3 to 5 percent of the amount you transfer.
Balance transfers can be a great way to get out of debt if you currently have a balance on a high interest credit card. In this guide, we provide step-by-step instructions on how to complete a balance transfer with Capital One online and over the phone. The submission process should only take a few minutes. Before you transfer your balance to a Capital One credit card, beware that there are better balance transfer offers available from other issuers.
Enter the credit card number from the card with your debt and the amount you want to transfer. When you enter the card info, it asks you if the credit card issuer is correct see Amex note in the top right , and when you enter the transfer amount, it shows you the fee.
The key is to pay off those transferred balances before the intro period ends. Bank of America has a solid promotional balance transfer option on the table at this time: This offer is one of the best BT offers out there, but some cards offer longer intro periods. Check out our full list here. If you decide to complete a balance transfer with Bank of America, this guide provides a step-by-step guide on how to make it happen. You should see a balance transfer offer since this card is old, there are no current offers.
Verify the terms of the offer and select it. Fill in the credit card account number for the card with the debt and the amount you want to transfer. Add your phone number, then read the terms and conditions and submit the transfer request. Balance transfers are a great way to finally rid yourself of debt. Just remember to pay your balance in full before the intro period ends. A balance transfer can easily be completed online or over the phone with Discover, and it should only take a few minutes.
This guide provides a step-by-step guide on how to complete a balance transfer with Discover, best practices for completing a balance transfer and our top pick for a Discover balance transfer card. Enter your account number and transfer amount. If you rather complete a transfer over the phone, just call the number on the back of your card, and a representative will submit the request for you. Balance transfers can be a nice way to get out of debt if you have a balance sitting on one or more high interest credit cards.
Completing a balance transfer with Citi is easy. You can do it on the phone or online, and it should only take a few minutes. We provide a step-by-step guide on how to complete a balance transfer with Citi, and at the end, we include best practices for completing a balance transfer and our top picks for Citi balance transfer cards. Citi allows you to complete balance transfers quickly and easily online in a matter of minutes. See below for the steps you need to take.
Log in to your account. You should see your available balance transfer offers. That will drop down more details regarding your offer. You have four transfer options: Credit card was selected for the sake of this example since that will most likely be the common choice. Fill in the amount you are transferring and your account number of the credit card with the debt. You can add additional transfer requests four total if needed.
Last, review your transfer request and the terms and conditions. If you prefer to complete a transfer over the phone, simply call the number on the back of your card to speak to a representative.
Your journey to becoming debt free has just begun. By following the steps below, you can soon be on your way to a healthier financial life. New purchases will only push you back into debt.
While it may be tempting to use your new card for purchases, resist the urge. Charging new purchases to your balance transfer card has the potential to further increase your debt. Payments made on your new card may not go fully towards new purchases. Credit card issuers have the freedom to allocate your minimum payment towards whatever debt you have. This may lead you to rack up interest charges from your new purchase balance.
What if you need to charge new purchases to a credit card after a balance transfer? All payments you make will go towards your balance — no need to worry about where the payment goes. Beware if you carry a balance you will be charged the standard purchase APR. So, any charges that you do make on your old card should be paid in full before the statement due date. You could hurt your credit score if you do. You may be tempted to close the card you transferred debt from, but cancelling an old card can do more damage than good.
For example, if your old card has been open for 10 years, and you open a new balance transfer card, the average length of your credit history will be five years.
But, if you closed your old account, it would drop to less than a year — which is a big difference. Closing your old card would also hurt your utilization rate. This is an even bigger factor in your credit score. Autopay is a great feature that can prevent you from missing payments and incurring late fees. You can always adjust your autopay settings to higher or lower amounts, as needed.
You still have options to avoid accruing interest. The other option is to take out a personal loan. You can consolidate debt from your credit card by taking out a personal loan that often has lower interest rates and more flexible credit requirements than balance transfer credit cards.
Compare personal loan offers here. You can still take steps towards managing your finances by creating a budget, and it can be as simple or as detailed as you like. While a balance transfer can be a great way to rid yourself of lingering debt, there are some things to keep in mind before transferring your balance:.
We have a step-by-step guide on how to complete your balance transfer with Discover here , which includes screenshots for each step. Balance Transfer , Discover It. Nick Clements Nick Clements has worked in consumer banking for nearly 15 years and is the co-founder of MagnifyMoney. Other offers from big banks Are these the best deals for you? The good news is we can figure it out for you. The savings from just one balance transfer can be substantial. Before you do any balance transfer though, make sure you follow these 6 golden rules of balance transfer success: Never use the card for spending.
Have a plan for the end of the promotional period. Make sure you set a reminder on your phone calendar about a month or so before your promotional period ends so you can shop around for a low rate from another bank. Apply for one from another bank. Get that transfer done within 60 days. Otherwise your promotional deal may expire unused. Never use a card at an ATM. You should never use the card for spending, and getting cash is incredibly expensive.
Always pay on time. If you pay more than 30 days late your credit will be hurt, your rate may go up, and you may find it harder to find good deals in the future. Advertiser Disclosure Share this article: Alexandria White Alexandria is a credit card writer covering everything from the latest credit card news, individual card reviews, and Best Of roundups to tips for getting the most value out of your card.
Very few things in life are free. You can find a full list of no fee balance transfers here. In addition to the intro periods, you can benefit from a rewards program tailored to U. This card presents cardholders with the unique opportunity to transfer a balance and make a large purchase during the intro period, all while earning rewards on new purchases. Transparency Score Interest is not deferred during the balance transfer period, which means if you do not pay off your balance by the end of the promo period, you will not be charged the interest that would have accrued during the deferral period.
There are late payment and cash advance fees. After that, a Transparency Score Interest is waived during the balance transfer period, no foreign transaction fees and no late fee for your first late payment The range of the purchase interest rate based on your credit history.
There is a cash advance fee. Complete your balance transfer as quickly as possible for maximum savings. Interest rate is not known until you apply. Long low rate balance transfer card Unify Financial Credit Union — 6. Debit cards are a good option for those who prefer to keep a closer eye on their spending. Our team of expert reviewers inspects every online casino that accepts credit cards to make sure they meet our high standards.
As well as offering credit card banking there are plenty of other aspects that sites should feature before we give them a place on our top five list:. Safety and Security - Each of the sites recommended here has the best encryption and offers you the security protection necessary when dealing with your sensitive financial and personal information.
Banking Options - As well as credit cards, casinos should offer a variety of banking methods that suit all types of players. Bonuses and Promotions - Our featured online casinos feature substantial bonuses to give your bankroll a boost from the moment you sign up. Fast Payouts - Once you've racked up some winnings you won't want to wait to spend them.
This is why quick processing times are vital and a feature we're always on the lookout for. Game Variety - There should always be a wide selection of game types available, as well as top of the line software to make your online gambling experience as enjoyable as possible. Once you know what you're looking for, finding your perfect casino becomes a little easier. However, there is still an incredible amount to choose from and that's where we come in.
Each of our listed casinos features all of the aspects above and more, so that you can start gambling with peace of mind. Thinking about using your credit card to gamble online? Credit cards are by far the safest and most secure way to fund your online gambling, which is why they come highly recommended by our team.
Remember though, many credit card companies do charge fees on their cards, so make sure you read up on any terms and conditions before taking out a new card. Looking for better payment methods? Learn which other payment options are available today.
For the security benefits alone, credit cards are a popular form of payment. Customer service teams will freeze your account at the first hint of suspicious activity and reimburse your lost money if it gets stolen. While there has been a history of some casinos rejecting credit card users due to the frequent rejections that occur, there is still a wealth of great casinos that do allow deposits.
Vice versa, most good American credit cards will allow deposits to casinos, but you should always double check with your card provider. The main benefit of banking with a credit card is safety. Credit cards are a very safe, secure way to deposit or withdraw funds from any online casino. Not only that, many credit card companies offer additional benefits, from payment and fraud protection to concierge services and travel protection.
Yes, credit cards tend to be safer than debit cards. In response to this, the card companies have made it a priority to ensure that their customer is always reimbursed when things go wrong thanks to the insurance. This in turn has made them a lot stricter with their online safety policies, so you can be reassured that using credit cards online is safer than other services that may not protect you in this way.
Any fees that are incurred will be between you and your credit card company. The casinos you choose to play on in Casino. The money you deposit is all yours to wager with. Other than personal preference, MasterCard is a good choice to make online payments in casinos. There are many perks to being a MasterCard user, and it has a reputation for being extremely trustworthy.
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