2 great low rate balance transfer credit cards with exceptional features

Cynthia Stewart
May 31, 2007
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Gone are the days with 0% APR's on balance transfers. The feature was misused so much that credit card companies thought it best to revoke these offers. The reason could be the loss of revenue to credit card companies but this habit of transferring balances frequently and avoiding the debt repayment was increasing the volume of credit card debt. Balance transfer is a good practice if done with caution and restraint. Here are 2 good credit cards with low APR rates on balance transfers.

1. Advanta Life-of-Balance Platinum Card

This credit card issued by Advanta is very popular among the balance transfer community. The reason being that it offers a low 2.99% Fixed APR for LIFE on balances transferred within 3 months. That is an offer which few credit card companies can match. With this excellent balance transfer rate the Advanta Life-of-Balance Platinum Card offers Up to 6% Cash Back or Travel Rewards. The credit card has No annual fee, and the reward program has no limits on earnings. On the whole a good credit card to transfer the balances.

2. Blue Cash from American Express®

This credit card issued by the credit card giant American Express has No annual fee. Coming to balance transfers, the Blue Cash from American Express has a low balance transfer rate. The APR for balance transfer is 4.99% fixed for the life of balance. Another good feature of the Blue Cash from American Express is that it is a 0 Intro APR credit card. It has a 0% intro APR rate for 6 months. The reward program of Blue Cash from American Express gives Up to 5% Cash Back with Unlimited Cash Rewards. This entitles the credit card holder to earn an unlimited cash back on his spendings.

These two credit cards help save the things for those who want to transfer their balances from a high APR credit card and want a good alternative which can save them their hard earned money. The additional benefits that come with these credit cards make them more attractive. However, the thing to note here is that the APR's on balance transfers and other terms associated with these credit cards are totally at the discretion of credit card issuing companies and can change without any notice. These rates were good at the time of their review in this article. Latest on these credit cards can be had by visiting respective websites.