THE LOGAN ALLEC SHOW

7 Best Balance Transfer Cards for 2020

itunes

spotify

stitcher

google

listen on

Here are the 7 best balance transfer credit cards for 2020 to move your balance and get a 0% interest rate!

At the beginning of the episode I give an overview of how balance transfer cards work and who they are for, and then around the 3:35 mark I get into my picks of the best balance transfer cards for 2020.

Here's where you can see all of my favorite credit cards (big thanks if you use my links): https://moneydoneright.com/best-credit-cards

Here is my list of the 7 best balance transfer cards for 2020:

  • Citi Simplicity
  • Citi Double Cash
  • AmEx Blue Cash Everyday
  • AmEx Blue Cash Preferred
  • Capital One® SavorOne® Cash Rewards Credit Card
  • Chase Freedom
  • Chase Freedom Unlimited

Balance transfer credit cards let you transfer your balance from another credit card (say, one on which you're paying a lot of interest) to the balance transfer credit card and pay no interest for a certain period of time, typically 12-21 months.  You will, however, have to pay a balance transfer fee of typically 3%.

Note that purchases made on a balance transfer card are likewise not subject to interest for the introductory 0% APR period (note that some cards, such as the Citi Simplicity, have a different introductory 0% APR period for balance transfers than for purchases).

Balance transfer cards are awesome, but make sure you always (1) continue to make your minimum payment each month (else you may lose your 0% APR) and (2) pay off your balance at the end of the introductory 0% APR period.

You might also enjoy

Meet Your Mentor

Logan Allec is a CPA and highly-sought-after personal finance expert who went from $50,000 of debt at age 21 to millionaire by age 30. He believes that money, as one of the best tools we have to live an incredible life, is something that everybody should master. And he’s on a mission to teach you what he knows about money, both through his experiences overcoming his own financial challenges as well as through the skills he’s developed as a veteran financial pro.

learn more

Prosper

LEARN ONLINE

How to Build Wealth From Scratch

learn more

Who wants to be a millionaire?  

Turns out, everybody does! And did you know that becoming a millionaire is actually a lot easier than you think? It’s true! Check out my free webinar to learn how you can become a millionaire just by making a few simple changes to your spending habits.

watch now

© 2021 by Allec Media LLC. | Terms | Privacy Policy | Disclaimer | Brand & Web by Pinegate Road