Comparing the Best Balance Transfer Credit Cards of 2019: Which One Is Right for You?
If you're dealing with credit card debt, a balance transfer card can consolidate your debt and reduce interest charges. With numerous options available, choosing the right one can be challenging. Here, we compare the top balance transfer cards of 2019 to aid your decision-making.
1. Chase Slate
The Chase Slate card offers a 0% introductory APR for 15 months on both balance transfers and purchases. Additionally, there is no balance transfer fee for transfers made within the first 60 days of account opening.
One downside to the Chase Slate card is that it does not offer any rewards or cash back programs.
2. Discover it Balance Transfer
The Discover it Balance Transfer card offers a 0% introductory APR for 18 months on balance transfers, with a 3% balance transfer fee. Additionally, cardholders earn 5% cash back on rotating categories and 1% cash back on all other purchases.
One downside to the Discover it Balance Transfer card is that not all merchants accept Discover cards.
3. Citi Simplicity
The Citi Simplicity card offers a 0% introductory APR for 21 months on balance transfers, with a 5% balance transfer fee. Additionally, there are no late fees or penalty APRs.
One downside to the Citi Simplicity card is that it does not offer any rewards or cash back programs.
4. BankAmericard
The BankAmericard offers a 0% introductory APR for 18 billing cycles on balance transfers, with a 3% balance transfer fee. Additionally, there is no penalty APR and no annual fee.
One downside to the BankAmericard is that it does not offer any rewards or cash back programs.
5. Wells Fargo Platinum
The Wells Fargo Platinum card offers a 0% introductory APR for 18 months on both balance transfers and purchases, with a 3% balance transfer fee. Additionally, there is no annual fee.
One downside to the Wells Fargo Platinum card is that it does not offer any rewards or cash back programs.
Conclusion
When choosing a balance transfer credit card, it is important to consider the length of the introductory APR period, the balance transfer fee, and any rewards or cash back programs offered. The Chase Slate card is a good option for those looking to avoid balance transfer fees, while the Discover it Balance Transfer card offers cash back rewards. The Citi Simplicity card is a good option for those looking for a long introductory APR period, while the BankAmericard and Wells Fargo Platinum cards are good options for those looking for a no-frills balance transfer card.
