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
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.