Balance transfer to a
Chase Flexible Rewards Visa® Signature Card
Why settle for a rewards credit card that limits your choice of rewards?
With the Flexible RewardsSM Platinum Visa® card, you can earn 1 point for every dollar spent1 and turn everyday purchases into extraordinary rewards:
- Merchandise - Choose from a variety of great brand name products.
- Travel - Earn airline tickets, hotel stays or car rentals.
- Cash back - Redeem 3,500 points and receive a $25 check.
- Gift cards - Get free stuff from your favorite stores and restaurants.
Earn 1,000 bonus points2 with your first purchase. Enjoy great rewards that you can redeem with as few as 2,500 points. Save even more with 0% APR for up to 6 months* and no annual fee.
The time period for the introductory APR and the balance transfers to which it will apply will be based on our review of your application for Flexible RewardsSM Platinum Visa® card and credit history.
*Valid for introductory period so long as you comply with the terms of your account. Also, we apply payments to introductory balances before balances with higher APRs. This means that the length of your introductory period may vary based on your payment amounts and the APRs for other balances on your account. Learn more about rates, fees, and other cost information by reviewing Pricing & Terms.
1No points will be earned on balance transfers, cash advances, overdraft protection advances, convenience checks, money orders, finance charges, unauthorized or fraudulent charges or fees of any kind, including fees for products that protect or insure the balances of your account. Maximum point accumulation is 5,000 per month/60,000 per year. Points will expire after 60 months.
2Please allow 4 to 6 weeks after your first purchase for bonus points to be applied to your account.
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What is a balance transfer?
A balance transfer can be explained simply as a balance transfer! When a balance is transferred usually from a credit card, but possible from a bank account or loan to a credit card with a offer interest rate (usually 0%) for a set period. It does not have to be the entire amount. The card receiving the balance will an interest rate for a set term, normally 6 months, but can be 9 months or even a year. Take a look at the current balance transfer deals currently available. This will give you a flavour of the typical kind of deal available. Consider Chase Credit cards for balance transfers.
Should I apply for a balance transfer to a low apr credit card?
It is important to remember that a balance transfer does not mean that the debt has gone away. It just means you are not paying interest on it. You will still have to maintain payments.
This may seem obvious but many people do not get this straight in their mind.
The basic criteria for getting a balance transfer is when you regularly have an outstanding balance after making your monthly payments. This is the amount you should look to transfer to another card. This will mean that for the period of the offer you will pay no interest on the balance (provided you make the minimum payments).
You should be very wary of taking up a balance transfer, if your overall debt is increasing. A balance transfer is not a green light to spend more money. The money you save should be used to decrease your debt.
What should I look for in a balance transfer?
You need to be aware of the following when looking for a balance transfer card
Good things
- Length of offer period.
- Offer Interest Rate.
- The zero or low interest rate charged on the balance.
- Possible transfers from loans and overdrafts.
- On some cards you can transfer from existing loans and overdrafts and still get the offer.
Bad things
- Cut-off period for the balance transfer offer.
- Hidden Charges on transfers.
- Some banks will charge a handling fee on the balance transfer.
How long the offer is valid for?
There is usually a cut off point from the account opening when the offer is no longer valid. Be very aware of this otherwise you could end up transferring a balance to a higher rate !!
What about new purchases?
Unless there is also a 0% interest rate on new purchases then you should avoid making new purchases on a balance transfer card. This is because the banks will look to reduce the balance transfer debt quicker than the new debt. Provided your credit history is reasonable, there is nothing stopping you having several cards for different purposes. A good way is to have a card, which specialises in 0% on new purchases and another card for balance transfers.
What happens when the balance transfer period finishes?
When the balance transfer offer period finishes the debt will revert to the typical variable APR. The lenders hope at this point that the cardholder will retain the card and some of the debt, so they can then start charging interest and making some money! So take into consideration the low interest rate credit cards. However, there is nothing stopping the disciplined credit card holder from switching to another balance transfer deal and closing the account. The cycle then starts again. Always allow 6 weeks to 8 weeks before the end of the offer period to apply for a new card. This means you can get the balance transferred to the new card before the lender can start charging the higher rate. You have to be organised to do this, but if you are it does work. People who regularly switch balances are know as card tarts.
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if you answer YES to these questions, you should consider a balance transfer to a new credit card...
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Can you pay only the minimum amount on your credit cards?
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Are you tired of your old credit card company lifting their APR. higher this year ?
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You did talk to them, but they won't lower your credit card's APR. at all?
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Your credit card company has been purchased by an other bank, and they intend to raise their APR.?
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SAVE 1.9-18.0 % annually with these balance transfer Credit Cards!
Kostenlos kreditkarten
Why don't you check these low APR credit cards? They offer intro and ongoing low APR for new openings and balance transfers and you can start saving today!
We offer 0% balance transfer credit cards and credit cards with fixed low APR on balance transfers!
Balance--transfer .com is getting updated with the latest credit card offerings time to time.
Please bookmark this site and check back later to see our very new offers!
If you have any question or need advise on this subject, please E-mail us!
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