Balance transfer cards that features zero percent intro promo where no interest is charged for a period of time are a great option for consumers who want to save money in 2018. You can take advantage of a balance transfer card by transferring the balance from your high interest credit card and paying it off in full during the intro promo. This will help you to save thousands of dollars on the interest fee. The following are the top 5 balance transfer credit cards in 2018.
1. Citi Diamond Preferred Card
Citi Diamond Preferred Card features 21 months of zero percent intro promo on balance transfer and purchases. After the 21 months, the variable APR of 14.25% – 24.24% will be applied to your balance. The balance transfer fee is 3% or minimum $5 on the amount that you transfer. It offers Citi Price Rewind for up to 60 days and you can get back up to $500 per item and $2,500 per year. It has no annual fee and you get free FICO score access.
2. Citi Simplicity Card
Citi Simplicity card is advertised as the balance transfer card that does not have any late fee, penalty fee and annual fee. It features a 21 months long zero percent intro promo on balance transfer and purchases. The variable APR of 15.24% – 25.24% is charged thereafter. You will be charged with a fee of 3% or minimum $5 for each balance transfer that you perform.
3. Discover it 18 Months
Discover it 18 Months features an 18 months zero percentage APR intro promo for balance transfer. There is a 3% fee that applies each time you transfer a balance. It also has cash back program when you spend money on rotating bonus category. You can redeem the cash back at any time. You don’t have to pay any annual fee to keep the card.
4. BankAmericard Credit Card
BankAmericard Credit card offers zero percentage intro promo for the first 15 months. If you transfer the balance in 60 days, you will not be charged with any balance transfer fee. If not, you will get charged with a 3% balance transfer fee or minimum $10. There is no need to pay annual fee and penalty APR. You can get free FICO score access through online banking or mobile app.
5. Amex Blu Cash Preferred Card
Amex Blu Cash Preferred Card features a zero percentage intro promo for a 12 months period after account opening. After the 12 months, you will get charged with an ongoing variable APR in between 14.24% – 24.24%. The balance transfer fee is $5 or 3% of the transferred account. It has a $95 annual fee. It also has a cash back program that offers 6% cash back for shopping at U.S. supermarket and 3% cash back on gas purchases. The card has $95 annual fee.