When you opt for a balance transfer credit card, you are able to transfer balance from one or multiple cards to a new company at a lower annual percentage rate (APR). You can be sure that 100% of your payment will be towards the principal during the initial period. You can consolidate all your loans to one card and track your debt efficiently. It allows you to move to a card with better rewards and terms than your current credit card. Here are some of the top balance credit cards that you can choose from: Wells Fargo Reflect Card If your credit score is good or excellent, and your goal is to settle the debt within two years, you can choose the Wells Fargo Reflect card, which offers a 0% introductory APR for 21 months from the account opening. After that, the variable rates are between 15.24% and 27.24 %. You must ensure minimum payments during this period to be eligible for the 0% APR. The card also offers cell phone protection, roadside dispatch, and zero liability protection and gives you access to various deals and offers from Wells Fargo. Bank America Credit Card If your credit is good or excellent, and you can settle your debt within the intro APR period, you can consider this card.

Balance transfer cards allow you to transfer and consolidate your debts to a card which charges a no or low rate of interest on the amount due. However, there are a number of things to be considered while availing a fee 0% balance transfer card. Credit score: Your credit score reflects your ability to repay loans taken within the stipulated period. The financial institution will check your credit score and credit report to determine whether you can be issued a fee 0% balance transfer credit card. Balance transfer credit cards allow you to transfer debt from one of your credit cards which might charge a higher rate of interest to one that has a low or minimal rate of interest to restructure your debt and provide relief on the payments. Usually, a fee is charged for this particular service. However, fee 0% balance transfer credit cards waive off this charge which is also given to people with excellent credit history rating and score. 0% fee is temporary: Usually, fee 0% balance transfer credit cards are issued for a promotional period which might last from 6 to 21 months depending on the financial institution. The balance also has to be paid off within the intro period for which the APR holds its 0% validity.

One of the most beneficial advantages of balance transfer credit cards includes transferring your existing debt from a high-interest credit card to a low-interest credit card. In the case of a high-interest credit card or cards for that matter, the repayment will take a hefty toll on your finance after meeting interest payments and principal payments. Consolidating your debts in a low-interest balance transfer credit card will enable you to free up cash and meet other much-needed obligations. But not everyone is eligible for one, you need to have an excellent credit score in order to be eligible to even apply. Some of the best balance transfer credit cards available in the market for you to take advantage are listed as follows: Discover it® 0% interest card The main advantage of this card is balance transfers into Apr at 0% for a longer repayment period of 18 months. This will free up the much-needed cash and reduce the load of debt, thus enabling you to meet your principal payments also. the ongoing rate applicable will range from 13.49% to 24.49% variable with a balance transfer fee of 3% applicable on the total debt. The card also features an introductory APR at 0% for the first six months.