Citi just announced they are offering an increased balance transfer period for their premier balance transfer credit card. Intro APR Period: 0% APR for 18 months on balance transfers and 18 months on purchases, based on your application. This tiered balance transfer offer is a great opportunity to take advantage of 0% interest rates.
Those who qualify for the longest transfer period of 18 months are in for a real treat – an 18 month 0% balance transfer offer hasn’t been available from most cardholders for almost 2 years now due to the effects of the economic crisis on the credit industry. But now that the dust is settling on the Credit CARD Act (big changes went into effect on Feb 22), it looks like some of the credit card companies are getting more competitive with their credit card offers – which means better offers for consumers!
Longest Balance Transfer Offers – 18 Months
The Citi® Diamond Preferred® Card features one of the longest intro balance transfer offers on the market, with a 0% Intro APR on Balance Transfers and Purchases for 18 months. The APR after the intro rate comes in at a reasonable 11.99%-21.99%, making this a good low interest credit card as well. There is a 3% balance transfer fee, with a $5 minimum charge, which is about standard for the industry. This Citi card features Citi Private Pass®, which gives users access to special events and live entertainment. Additional benefits include 24/7 access to a personalized concierge service,, $0 liability for unauthorized purchases, Citi® Identity Theft Solutions, and no annual fee. Apply for the Citi® Diamond Preferred® Card.
The Citi Simplicity® Card features a 0% Intro APR on purchases and balance transfers for 18 months. This is a market leader, and by itself is enough to make this an attractive card. But this card also has a special feature I’ve not seen on any other credit card – no late fees or penalty rate hikes if you miss a payment. After the 0% intro APR, the variable APR will be 12.99% – 21.99% based on your creditworthiness. There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater. There is no annual fee. This card is one of the better options for consolidating credit card debt. Apply for the Citi Simplicity® Card.
Which card is better? The decision comes down to what you are looking for. The key is to run the numbers and determine which benefits are most important to you – a longer 0% intro, cash back, rewards program, or other perks.
With the credit card market opening up and becoming more competitive, it makes sense to get a card that will give you more benefits as a consumer. Find the credit card that meets your needs.