Best 0% Balance Transfer Credit Cards and Offers for 2016


– In this video, we discuss our top picks for the best 0% balance transfer credit card offers for 2016. If you have collected balances on some credit cards along the way and could use a breather from high-interest rates, this video is for you. Learn about some cards that can give you a break from your current interest rates to 0% for up to 21 months. Transferring your balances to one of these cards can give you the pause time from interest charges to help pay down your debt faster.

One of our favorite tips is to determine how many months we should target for our 0% interest break. Take your total balance and divide it by the number of months at the promotional rate. For example, $6,000 for 12 months. You could pay that off in 12 months with monthly payments of $500. If you determine you need a smaller monthly bill, look for a card offering 15, 18 or 21 months. If it is not doable on current offers, find the longest time period you can qualify for and pay on it the best you can during that time. With that in consideration, you will also want to look at the non-promotional rate, as that is the rate you will pay after the promo time period.

If you are interested in leaning more, please check out the full article here:

You can also download our full list of cards mentioned in the article in our PDF of the Best 0% Balance Transfer Cards.

Please ask us your questions in the comments below. If you already have experience with balance transfer cards, we would love to hear from ou. Please let us know in the comments below your favorite balance transfer credit cards and your experience with transferring balances, whether good or bad. What cards do you recommend? If you have transferred balances multiple times, did you ever experience any problems along the way or any roadblocks. If so, were you able to resolve those roadblocks by calling the company directly?

We wish you the best in picking out the balance transfer card that works the best for you.


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