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Balance Transfer Credit Cards
In their zeal to win your business away from competitors, credit card companies often sweeten the pot with some great introductory offers. One of the best is the 0% balance transfer credit cards. What that means is you can transfer existing credit card balances to your new card and pay no interest on the transferred amounts for the duration of the introductory period. If you are paying high monthly interest on a sizable credit card balance then a 0% transfer can translate to major savings.
Although 0% transfers are only introductory offers many last up to 12 months. Some credit cards offers extend the intro balance period until the balance is paid off. This can be a great opportunity to reduce debt by consolidating balances from several high interest credit cards with a 0% balance transfer and paying down the balance interest free.
When evaluating new 0% interest cards do read the terms and conditions to understand the length of the introductory offer, if any fees are involved in the transfer, and what events, such as missed payments, could trigger interest rate increases. Balance transfer credit cards can save you a lot of money and they are worth getting if you are paying interest on a large credit card balance.
Most balance transfer cards have an end to the introductory 0% APR period, so be sure to know when that period ends so you can pay off or deal with any remaining balances you have. We offer a good selection of balance transfer cards that have long 0% APR periods that will satisfy most every needs.
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Miles by Discover® Card
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- 1 Mile on every $1 you spend
- 0% intro APR on purchases and balance transfers for 6 months, then the variable purchase APR of 10.99% - 16.99%*
- *Click apply to view rates, fees, rewards, limitations and other important information
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 Airline Miles
Balance Transfers
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| Intro Apr |
Intro Apr Period |
Ongoing APR |
Annual Fee |
Credit Needed |
| 0% |
6 months |
10.99-16.99% (V)* |
$0 |
Excellent |
Discover® More® Card
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- 5% Cashback Bonus® in categories that change like gas, groceries, restaurants, home improvement stores and more. Limitations apply*
- Up to 20% Cashback Bonus at popular retailers when you shop online through Discover.com
- *Click apply to view rates, fees, rewards, limitations and other important information
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Cash Back
Balance Transfers
Low APR
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| Intro Apr |
Intro Apr Period |
Ongoing APR |
Annual Fee |
Credit Needed |
| 0% |
15 months |
10.99-20.99% (V)* |
$0 |
Excellent |
Discover® Motivasm Card
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- 0% into APR on purchases and balance transfers for 15 months, then the variable purchase APR of 10.99% - 20.99%
- Up to 20% Cashback Bonus at popular online retailers when you shop through Discover.com
- *Click apply to view rates, fees, rewards, limitations and other important information
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Cash Back
Balance Transfers
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| Intro Apr |
Intro Apr Period |
Ongoing APR |
Annual Fee |
Credit Needed |
| 0% |
15 months |
10.99-20.99% (V)* |
$0 |
Excellent |
Discover® More® Card - 18 Month Promotional Balance Transfer
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- 0% intro APR on balance transfers for 18 months, then the variable standard purchase APR of 10.99% - 20.99%*
- 5% Cashback Bonus® in categories that change like gas, groceries, restaurants, home improvement stores and more. Limitations apply*
- *Click apply to view rates, fees, rewards, limitations and other important information
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Cash Back
Balance Transfers
Low APR
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| Intro Apr |
Intro Apr Period |
Ongoing APR |
Annual Fee |
Credit Needed |
| 0% |
6 months |
10.99-20.99% (V)* |
$0 |
Excellent |
Discover® More® Card - $0 Balance Transfer Fee!
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- 0% intro APR on purchases and balance transfers for 12 months, then the variable standard purchase APR of 10.99% - 19.99%*
- 5% Cashback Bonus® in categories that change like gas, restaurants, department stores and more. Limitations apply*
- *Click apply to view rates, fees, rewards, limitations and other important information
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Cash Back
Balance Transfers
Low APR
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| Intro Apr |
Intro Apr Period |
Ongoing APR |
Annual Fee |
Credit Needed |
| 0% |
12 months |
10.99-20.99% (V)* |
$0 |
Excellent |
IBERIABANK Visa® Classic
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- No annual membership fee
- Low variable rate of 7.25%, 10.25% or 13.25% based on creditworthiness. This APR will vary with the market based on the Prime Rate
- Low Introductory APR on Balance Transfers of 1.99% for 6 billing cycles. After that, your APR will be the same as your assigned purchase rate, based on your creditworthiness.
- Product Enhancements include: Auto Rental Collision Damage Waiver, Roadside Dispatch and Travel Emergency Services.
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Balance Transfers
Low APR
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| Intro Apr |
Intro Apr Period |
Ongoing APR |
Annual Fee |
Credit Needed |
| N/A |
N/A |
7.25-13.25% |
$0 |
Excellent |
IBERIABANK Visa® Gold
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- No annual membership fee
- Low variable rate of 9.25%, 12.25%, or 15.25% based on the creditworthiness. This APR will vary with the market based on the Prime Rate.
- Earn 1% in cash back credit on all qualifying purchases.
- No limit on cash back; no expiration date on eligibility for accounts in good standing
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Cash Back
Balance Transfers
Low APR
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| Intro Apr |
Intro Apr Period |
Ongoing APR |
Annual Fee |
Credit Needed |
| N/A |
N/A |
9.25-15.25% Variable |
$0 |
Excellent |
IBERIABANK Visa® Platinum
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- Earn 1 bonus point for every $1 in qualifying net retail purchases, can redeem for merchandise with as little as 700 points.
- Turn your points into hotel, gift, or experience rewards
- Travel accident coverage up to $1,000,000
- No annual membership fee
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Points
Balance Transfers
Low APR
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| Intro Apr |
Intro Apr Period |
Ongoing APR |
Annual Fee |
Credit Needed |
| N/A |
N/A |
9.25-15.25% Variable |
$0 |
Excellent |
IBERIABANK Visa® Select
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- Introductory Rate of 0.00% or 7.50% based on creditworthiness for 12 months from date opened on Purchases. This rate will not change during the introductory period.
- Online access to credit card account information
- Product Enhancements include: Auto Rental Collision Damage Waiver, Roadside Dispatch and Travel Emergency Services.
- Low Annual Fee of $35.00.
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Balance Transfers
Low APR
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| Intro Apr |
Intro Apr Period |
Ongoing APR |
Annual Fee |
Credit Needed |
| N/A |
0.00% or 7.50% based on creditworthiness for 12 months |
7.50%-11.50% variable |
$35 |
Excellent |
Escape by Discover® Card
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- Double Miles on every $1 you spend
- 0% intro APR on purchases and balance transfers for 6 months, then the variable purchase APR of 10.99% - 16.99%*
- *Click apply to view rates, fees, rewards, limitations and other important information
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Airline Miles
Low APR
Balance Transfers
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| Intro Apr |
Intro Apr Period |
Ongoing APR |
Annual Fee |
Credit Needed |
| 0% |
6 months |
10.99%- 16.99% (V)* |
$60 |
Excellent |
Simmons First Visa® Platinum
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- Excellent credit required - applicants that do not have excellent credit will not be
approved
- Low 7.25% variable standard purchase APR and platinum benefits
- No balance transfer fee for balances transferred in response to this online offer
- No annual fee
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Low APR
Balance Transfers
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| Intro Apr |
Intro Apr Period |
Ongoing APR |
Annual Fee |
Credit Needed |
| N/A |
N/A |
7.25% |
$0 |
Excellent |
Simmons First Visa® Platinum Rewards
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- Excellent credit required - applicants that do not have excellent credit will not be
approved
- Low 9.25% variable standard purchase APR and platinum benefits
- Choose any U.S. based airline or ticket class. No blackout dates or seating
restrictions
- Other travel related options are hotels, cruises, vacation packages, car rental, and
restaurants
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Points
Low APR
Balance Transfers
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| Intro Apr |
Intro Apr Period |
Ongoing APR |
Annual Fee |
Credit Needed |
| N/A |
N/A |
9.25% |
$0 |
Excellent |
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Choosing a Balance Transfer Credit Card
Many credit card offers today include a 0% balance transfer designed to last 6 months, 12 months, or until the balance is paid off. So how do you choose the best deal for you? Do consider the length of the balance transfer introductory period. It's important this period is long enough to allow you to pay down your consolidated debt interest free. Evaluate your goals. Will you keep this credit card long term? If the answer is yes then look at aspects beyond the introductory teaser offers. Which cards have the right ongoing APR and rewards to meet your long term goals? Remember, if you can pay off your balance in full each month then it's a great idea to maximize rewards, but if you tend to carry balances for several months then look at low interest cards. Always understand the terms and conditions of the credit card offer to understand if fees apply to balance transfers or convenience checks. We offer a great selection of balance transfer credit cards. !
Free balance transfers basically require the credit card issuer to loan you money interest free to pay off your current creditor. They normally allow you a set amount of time to pay off your transferred balance without requiring you to pay interest on the transferred amount. When the balance period expires the remaining unpaid balance then reverts to normal credit card debt and requires interest on the loan. It is best to pay off the balance before the free period ends to reduce your expense. You could also explore transferring your remaining unpaid balance to a new card and start the cycle over again.
Bottom line, we believe balance transfer credit cards can save you a great deal of money if you are carrying a large balance month-to-month. Not being required to pay interest on that balance for 6 months or a year or more, can be a significant savings to you.
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