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Introductory APR rates are constantly changing so if you are in the market for doing a balance transfer I recommend taking advantage of this offer now!
If you’re looking to transfer a balance to this card, you should know that there’s a 3% balance transfer fee. This is pretty standard; most balance transfer fees are 3%. It’s very hard to find anything below this number. 3% may sound like a lot when you’re thinking about transferring thousands of dollars, but think of it this way: you’re probably paying 11% or more per year already. In just a few months, you’ll save more than that in interest. Not having to pay interest for almost two years can really help you get a handle on your debt.
Besides a fairly low balance transfer fee and 18 months of no interest, this card also has no annual fee. That’s definitely a feature you want in a card (especially a non-rewards card), since annual fees can really add up. The APR after the intro period isn’t anything special, but it’s reasonable. The penalty APR is a little high, though: 29.99%. Be careful not to make any late payments with this card or you may end up paying it.
Chase Slate is a similar offering that’s available right now. It also boasts a fairly generous 0% introductory APR for 15 months. Not quite as long as the Platinum Select, though. And the interest rate is a tad higher: it ranges from 11.99% to 21.99%, meaning if you have “fair” credit (around 620 to 680) you could end up paying 1% more a year with this card than with Citi’s version. One thing Chase’s card has that Citi’s doesn’t is Blueprint: a program that allows you to set a goal date for large purchases (the amount you need to pay each month to reach this goal is listed on your statement), choose a goal for when you want to have your balance paid off, and a couple of other cool features. This card has no annual fee either, as well as–you guessed it: a 3% balance transfer fee.
Both of these cards are good for those who are looking to pay down some credit card balances. The 0% APR allows you to gain some ground on your debt and pay a lot less in interest over time – so this card is really for those looking to take advantage of a great balance transfer offer.
- Credit RequiredAverage Credit
- Rewards Program0% Intro APR on balance transfers and purchases for 18 months.
- Signup Bonusn/a