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Best Zero Percent Balance Transfers (Updated March 2011)

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The offers on this page are out dated, you can find the latest news when the April update is released.

If you thought the offers from last month were juicy, this month is going to surprise you as some issuers are really pulling out all the stops. I’ve been watching balance transfer offers for years and it’s been quite some time since someone offered a $100 in cashback as part of a new account promotion and tied it to a card with a 0% balance transfer or 0% purchases offer. I think the issuers are starting to really get aggressive in competing with one another and you, the consumer, benefit from it.

The story last month was longer promotional periods, this month we get to see a little bit of bonus action on the front end coupled with more standard balance transfer promotional rate periods.

0% Intro APR and $100 Bonus Cash Back

Chase Freedom® Mastercard - $100 Bonus Cash Back Proprietary Sites Only (Private)As I mentioned in the opener, this month we see the Chase Freedom® MasterCard come with a 0% Intro APR (3% balance transfer fee) coupled with a $100 Bonus Cash Back. Here are the high hitting bullet points:

  • Earn $100 Bonus Cash Back after you make $500 in purchases in your first 3 months
  • 0% Intro APR for 12 months on balance transfers
  • 0% Intro APR for 6 months on purchases
  • 5% Cash Back in quarterly bonus categories like gas, home improvement and department stores, subject to quarterly enrollment and maximum.
  • Unlimited 1% Cash Back on all other purchases with no spending tiers
  • Up to an additional 10% cash back when you shop online at select merchants through Chase
  • No Annual Fee

No Balance Transfer Fee

Discover® More Card - No Balance Transfer FeeAs I mentioned last month, this Discover More Card was the only one offering a 0% balance transfer with no balance transfer fee and unfortunately this offer was terminated in February 2011. Last month, it was rare. This month, it’s extinct. There is, however, good news out of the Discover balance transfer camp, the 24 month offer was extended.

Longest 0% Balance Transfer Period

Discover® More Card – Limited Time OfferWhile the no balance transfer fee version of this card was terminated, the 24 month balance transfer period Discover More offer was extended. The longer balance transfer introductory period comes at a cost, there is 5% balance transfer fee. This card still features all the niceties of the regular Discover More card, including cash back bonuses and the like.

  • 0% intro APR on Balance Transfers for 24 months, then the Regular APR
  • 0% intro APR on Purchases for 6 months, then the Regular APR
  • 5% Cashback Bonus® in categories that change like travel, gas, groceries, restaurants, home improvement stores and more
  • Up to 1% unlimited Cashback Bonus on all other purchases
  • No Annual Fee

3% Fee, 21 Month Transfer Period

Citi® Platinum Select® CardThe Citi Platinum Select Card is still here with a slightly lower balance transfer fee (down to 3% from last month’s 4% rate). The promotional period is longer than the usual twelve months yet it has the same fee, making it better than your standard year-long offer. This card also offers 0% APR on purchases for 21 month.

  • 0% Intro APR on balance transfers for 21 months and 0% Intro APR on purchases for 21 months. After that, the APR will be 11.99%-20.99% based upon your creditworthiness.
  • Extra Cash from Citi: enjoy discounts on gift cards, travel, merchandise and more
  • Citi® Identity Theft Solutions
  • Secure, free online account management
  • No annual fee*
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12 Responses to “Best Zero Percent Balance Transfers (Updated March 2011)”

  1. Erik says:

    Jim,

    You forgot to mention what the balance transfer fee is on the chase freedom card.

  2. zapeta says:

    I have a feeling we’ll be seeing more zero percent transfer offers in the next month, and hopefully a few that have no fee. The credit card companies do seem to be competing a little for business now.

  3. skylog says:

    the discover offers looks great, however, i do not like their “newish” policy of only allowing one card per person.

  4. dav says:

    if you already own a Discover Card, then you cannot apply for another card and get this offer.

    • Shirley says:

      You are absolutely right. I tried to get another one in my name only (present one is in both names) and was told that the promo is for NEW customers only.

  5. Holy Cow! Thanks for letting us know about these awesome deals! I agree that consumers are starting to spend again, but let’s just hope that people learned their lessons from the recession…and they don’t go absolutely crazy.

  6. Strebkr says:

    Hopefully there are some no fee transfers coming up. I would love to try one to see how it all works.

  7. Tony says:

    What’s the point of doing a “0%” balance transfer if you pay a 5% fee. You are really paying more than if you had a 5% APR with no fee because you pay 5% on the total amount upfront. The only balance transfer offer I have used lately is the Citi Diamond Rewards. 0% for 10 months and the fee is 3% but capped at $75.

  8. thunderthighs says:

    Thanks for keeping these updated and keep it up!


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