Balance transfer cards with more than 15 months intro promo are the best as they give you sufficient time to pay off your credit card debts. During the intro promo period, no APR interest fee will accrue so you will only be paying back the capital amount that you owe on your credit cards. The following is a list of 5 balance transfer cards that have an intro promo that last for more than 15 months.
1. Citi Simplicity Card – No Late Fees Ever
Citi Simplicity Card, as its name says, does not charge any late penalty fee no matter how many times you are late in making repayments. The 21 months zero percent intro period is the longest intro promo in the marketplace. It charges a standard 3% or $5 balance transfer fee every time you transfer a balance. You will not receive any rewards from using the card but this is not important since you are using it mainly for paying off your debt.
2. Citi Diamond Preferred Card
Citi Diamond Preferred Card features an ultra long 21 months intro promo for both balance transfer and purchases. It has no annual fee requirement. Some of the perks it offers are 24/7 concierge, trip cancellation, travel accident and rental car insurance. Customers must pay the balance transfer fee of $5 or 3% when they perform a transfer. It has a rewards program called City Easy Deals where 10% of the purchase price will convert into points in your account.
3. Citi Double Cash Card
Citi Double Cash Card features an 18 months intro promo where you don’t have to pay any APR interest fee. Unlike many other balance transfer card, it has a rewards program in place that allows you to earn 1% cash back on all categories. When you pay off your balance, they will let you earn another 1% cash back. It does not put any limit on how much reward you can earn. You can redeem the rewards as soon as you have accumulated $25 of points. The rewards can be exchanged for statement credit, and gift card.
4. Discover it 18 Months Balance Transfer Card
Discover it 18 months balance transfer card features a zero percent intro promo primarily for balance transfer uses. For balance transfer, the intro promo can last for 18 months. It also has an intro promo for purchases that is valid for 6 months. The card has no annual and foreign transaction fee. Like many balance transfer cards, it charges a 3% or $5 balance transfer fee, whichever is greater. The penalty fee of $37 is waived on the first late payment.
5. Wells Fargo Platinum Visa Card
Wells Fargo Platinum Visa Card features an 18 months long zero percent intro promo. When you transfer a balance, a $5 or 3% fee will apply towards your balance. The card does not have any cash back rewards program.