FOSTER CITY, Calif.,
Jan. 6, 2020 /PRNewswire/
-- CardRatings.com, a leader in credit card ratings, today
released the winners for consumer-facing balance transfer credit
cards. The timing couldn't be more appropriate, since savvy holiday
shoppers can now use a balance transfer card to save money while
paying down their gifting debt.
The Best Balance Transfer selection for 2020 is:
- Winner: Discover it® Balance Transfer
- Runner-Up: Citi Simplicity®
The Discover it® Balance Transfer card won CardRatings over
with a trifecta of great features. The balance transfer intro offer
is 0% on balance transfers, the feature lasts a lengthy 18 months,
and its starting annual percentage rate (APR) is on the low end, at
13.49%.
The Best 0% APR Period Cards of 2020 are:
- Winner: Capital One® Quicksilver® Cash Rewards
- Runner-up: BankAmericard® Credit Card
The Capital One® Quicksilver® Cash Rewards card has an
introductory 0% APR for 15 months, along with a $150 bonus after spending $500 within the first three months of opening the
card. It does have a 3% balance transfer fee, but that's on the low
end of standard for most credit cards.
"Consumers often overspend and retain debt for a few months
after the holidays," says Brooklyn Lowery, the senior manager and
site editor of CardRatings.com. "Our list can help them save a
substantial amount of money while working to pay off the initial
balance."
Balance transfer credit cards can mean the difference in paying
hundreds of dollars in interest, and owing no interest at all.
However, each card may have a different transfer window, so it is
important that consumers carefully consider the offer to best take
advantage.
In addition to choosing winners in each category, CardRatings
created a side-by-side comparison of all the top cards to make it
easier for consumers to spot the differences, including the
deadlines by which transfers must be made.
CardRatings compiled data on 23 of the most popular balance
transfer and 0% APR cards. Some benefits of the most well-regarded
cards include:
- Low introductory APRs extending to cover new purchases
- A lock-in rate
- Balance transfers with zero fees
A detailed accounting of all the card selections can be found
here:
https://www.cardratings.com/insights/comparisons-balance-transfer-credit-cards.html
About CardRatings.com
CardRatings.com is owned and
operated by QuinStreet, Inc. (Nasdaq: QNST), a pioneer in
delivering online marketplace solutions to match searchers with
brands in digital media. QuinStreet is committed to providing
consumers and businesses with the information and tools they need
to research, find and select the products and brands that meet
their needs. Cardratings.com is a member of the company's expert
research and publishing division.
CardRatings.com innovated online credit card ratings and has
been offering independent ratings and reviews of credit card offers
since 1998. The website collects and maintains data on more than
700 credit card offers and carefully compiles objective lists of
the top credit cards by card type, making it easy for consumers to
find the right card to fit their needs.
Website: https://www.cardratings.com
Twitter: @CardRatings
Facebook: https://www.facebook.com/CardRatings
Media Contact
Amy
Eury
Public Relations Manager
412-532-9352
aeury@quinstreet.com
Or,
For CardRatings.com
Liberty Communications for QuinStreet
Rick Judge, 415-429-5652
QuinStreet@libertycomms.com
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SOURCE CardRatings.com