What are the Top 10 Best Balance Transfer Credit Cards for 2012?

Balance transfer cards, in order to be considered as great, should provide excellent additional features, rates, and 0% introductory APR on balance transfers. Consumers today are now searching for ways on how they can save money while eliminating their credit card debt. A good method is through the use of these cards. If you are still seeking for a balance transfer card, here are the top 10 choices to select from:

·         Slate®from Chase – For a limited time, you can enjoy no balance transfer fees with this card. You can also use this card for purchases and there’s no interest on such transaction as well. Unlike other cards, this has no annual fee, plus it offers a $0 balance transfer fee indefinitely.

·         Citi®Diamond Preferred® Card – For over a year, there’s no APR on balance transfers and on purchases. After that, the interest rate will depend on your creditworthiness but you can be assured that Citi® offers one of the most favorable variable APRs today.

·         Citi Simplicity® Card – If you want a straightforward balance transfer card, this is the card to get For nearly two years, there is no APR on balance transfers and in purchases as well. The best thing about this card is that you are not obliged to pay over the limit fees or late payment charges unlike other credit cards out there.

·         Discover®More® Card – This card is mostly for balance transfers as it provides a longer introductory period on the said transaction than in purchases. Regardless, this card does not have an annual fee and also has cash back rewards. There are rotating categories that you can sign up for. If you are not able to sign up for the specific purchase groups for the quarter, all of your purchases will still be rewarded.

·         ChaseFreedom® Visa – New applicants are awarded with bonus cash back. Just like the cards mentioned above, this comes with a 0% interest rate on balance transfers and on purchases as well. This no annual fee card has a balance transfer fee, though, which will take into account the total amount that you will be shifting from one card to another.

·         CapitalOne® Platinum Prestige Credit Card – If you get this card now, you can enjoy more than a year of interest free transfers and purchases. This card has favorable interest rates once the intro offer expires.

·         Capital One® Cash Rewards – You can apply online for this card which will give you a bonus cash back after you spend enough credits within the first three months. Every year, you can earn as much as 50% of the total amount that you have purchased. This has no annual fee and you can transfer your balance without interest until August 2013.

·         Citi ThankYou® Card – For over 12 months, there are no worries about interest rates with this card but there are rewards provided. The most notable is the yearly bonus to celebrate your account opening.

·         Barclaycard® Rewards MasterCard® - If you have excellent credit, you can qualify for this low interest balance transfer card. This also lets you earn points on daily purchases and utility bills.

·         Discover®Open Road Card – If you spend your credits mostly on restaurants and gas, this is a good card to get especially if you wish to transfer balances. Shop online and you can earn a really huge percentage based on your purchase.

These are only some of the best balance transfer cards that you can choose from this 2012. You can find more choices at sites offering great credit cards, such as Cardrewards.net.