Q: I have over $5,000 on a Chase Visa credit card. I would like to get a card with zero interest on balance transfers for 18 months. What is the best card to apply for?
At the time of this writing, a handful of credit card companies offer zero APR credit cards with the balance transfer offer you're looking for. Chase is one of those banks. You won't be able to bounce that balance from one Chase account to another. Instead, check out these options:
Discover it. Discover's attracting attention with a 0 percent intro APR balance transfer deal for 18 months. Other than a 3 percent balance transfer fee, you'll pay no routine annual fee, no overlimit fee and no foreign transaction fee on this version of their cash-back credit card.
Citi Simplicity Card. Citibank launched its new "no frills" credit card with a series of cheerful television ads. The bank's backing up its pledge of superior customer service with a 0 percent intro APR balance transfer deal for 18 months a deal that, like most of its competitors, requires a balance transfer fee of either $5 or 3 percent of the amount of each transfer. If you're looking for some extra perks, Citi has other offers you may be interested in for example the Citi Dividend Platinum Select Visa Card.
However keep in mind looking for zero APR credit cards doesn't always lead you to the best overall balance transfer deal.
Even if you can't find a solid balance transfer deal right now, take advantage of your existing card's benefits. As a Chase cardholder, you're likely eligible to use their Blueprint service, a kind of credit card calculator that helps you figure out how much you'll need to budget to pay off your balance. Contacting their customer retention department could even get you qualified for a special deal, especially if you're the kind of customer they won't want to lose.
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